Trio wins $1.5bn Statoil drilling contracts

They cover the plugging, maintenance and modifications on 18 of Statoil’s fixed platforms

Statoil gets rid of ‘oil’ in new rebranding

The company has committed between 15% to 20% of investment in new energy solutions by 2030

Statoil to invest up to NOK2bn in digital technology

Its new centres, which will be connected to its fields on the NCS, are expected to help increase value creation by more than $2 billion (£1.4bn) from 2020

Statoil and Masdar to explore offshore wind storage

Statoil and Masdar have joined forces to explore the potential of battery storage solution at a wind farm in Scotland. They have signed a collaborative agreement to analyse data from ‘Batwind’ – the energy storage system designed to store power generated by floating wind farm Hywind, which was inaugurated last October. The Norwegian firm and […]

Eight energy firms pledge methane reductions from natural gas

BP, ExxonMobil, Shell, Statoil and Total are among eight energy companies that have committed to further reduce methane emissions from their natural gas assets. The firms, which include Eni, Repsol and Wintershall, have also agreed to encourage others across the natural gas value chain – from production to the final consumer – to follow suit. […]

Dudgeon offshore wind farm officially open

A 402MW offshore wind farm has officially been opened in the UK. The 67-turbine Dudgeon wind farm off the coast of Norfolk is now delivering power to the UK grid, generating enough electricity for around 410,000 homes. Operator Statoil and partners Masdar and Statkraft said the project’s construction costs have been reduced by more than […]

Statoil unveils first platform to be remote operated from land

Statoil has announced its first platform in Norway to be remote-controlled from land. The oil and gas giant said it plans to operate many of its other small to medium sizes rigs in the future remotely if the Valemon control room, which will control the Valemon platform, in Bergen is a success. Gunnar Nakken, Head […]

Statoil’s Mongstad refinery partially shut after leak

Norwegian oil giant Statoil has evacuated staff after a leak was detected at its Mongstad production facility. The incident was reported to its emergency centre at 7.14am this morning and parts of the plant have been shut down. The firm confirmed the leak has now been stopped and the cause of the incident is being […]

World’s first floating wind farm powers up in Scotland

  The world’s first floating wind farm has started generating power off the coast of Scotland. The 30MW Hywind wind farm is now delivering electricity to the Scottish grid. The five giant turbines, installed around 25 kilometres from Peterhead in Aberdeenshire, will generate enough electricity to power 20,000 homes a year. The benefit of floating […]

Statoil makes ‘significant’ oil find on the UKCS

A partnership led by Statoil has made a new oil discovery on the UK Continental Shelf (UKCS). The energy giant made the find in the Verbier sidetrack well in the outer Moray Firth, with a minimum of 25 million recoverable barrels of oil and an estimated maximum stretching up to 130 million barrels. The partnership, […]