Statoil to change name to Equinor to reflect broad energy push
Norway’s Statoil said it would change its name to Equinor, saying this would reflect its commitment to be a broad…
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OMV CEO sees closing of Gazprom asset swap not before end-2018
The chief executive of energy group OMV said on Tuesday he expected an asset swap with Russia’s Gazprom to close…
World’s first floating wind farm powers up off Scotland
The world’s first floating wind farm – Norwegian energy giant Statoil’s 30MW Hywind Scotland array – has been switched on…
Total, Eni, Statoil seek buyers for North Sea Teesside terminal
Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives…
European energy giants form carbon storage alliance
Statoil, Shell and Total have formed a partnership that will see the three European energy companies develop a carbon storage…
MOL gets new exploration licenses in Hungary and Norway
MOL Group has expanded its exploration portfolio by acquiring new licenses in Hungary and Norway. MOL thus obtained six new…
Big Oil back on the acquisition trail as outlook brightens
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and…
Oil majors join forces in climate push with renewable energy fund
Top oil companies including Saudi Aramco and Shell are joining forces to create an investment fund to develop technologies to…
Rosneft Retreats to 10-Month Low as U.S. Sanctions CEO Sechin
OAO Rosneft, the world’s largest publicly traded oil producer, fell to the lowest level in 10 months in Moscow after…
ENI demands $10 bln from Statoil in arbitration for overcharges
Italian energy firm ENI is demanding 60 billion Norwegian crowns ($10.1 billion) from Statoil, claiming it overcharged for natural gas…
Statoil could extract gas at half the cost
In a quest to tap huge gas reserves worth an estimated 30 billion dollars, the norwegian company launched in mid-August,…
OMV pays a record 2.65 billion dollars for Statoil North Sea oil fields
Norway’s Statoil has sold to OMV 19 percent of Gullfaks oil field, 24 percent of Gudrun and agreed optional cooperation…
Work in Progress for TAP and the Shah Deniz Consortium
Trans Adriatic Pipeline (TAP) has submitted its Environmental and Social Impact Assessment (ESIA) to the Ministry of Energy, Environment and…