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Statoil started drilling at new field
Category: Energy
In the early hours of Sunday 25 February drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on 7 February the project could boast break-even reduction from USD 34 to USD 16 per barrel. The investment budget for Oseberg Vestflanken 2 has been reduced from NOK 8 billion to NOK 6.5 billion. Recoverable […]
Source: Statoil.com
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There’s More to Big Oil Than Oil, Total Tells $1 Trillion Fund
Category: Energy
Norway’s $1 trillion sovereign wealth fund wants to sell out of oil and gas stocks, arguing that would reduce overall risk to the country since petroleum is already the top export. But that’s a miscalculation, according to the chief executive officer at Total SA, one of the world’s biggest energy companies and the Norwegian fund’s fifth-biggest […]
Source: Bloomberg
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Tjener penger for første gang som Statoils USA-sjef
Category: Energy
For to år siden lanserte Torgrim Reitan et ambisiøst mål for at Statoil skulle gå i pluss i USA. Nå er målet nådd. I mange år har virksomheten i USA vært blant Statoils store problembarn. Selskapet investerte enorme summer, men måtte også skrive ned store verdier og tjente ikke penger i landet. Situasjonen forverret seg […]
Source: Sysla
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Olje- og gassnæringen slår tilbake
Category: Energy
Norges desiderts viktigste og største næring og eksportartikkel er i økende grad blitt problematisert og snakket ned de siste årene. Nå slår næringen kraftig tilbake. Kritikken omfatter både politikere, Innovasjon Norge og sentrale aktører i samfunnsdebatten. Det handler om støtte til teknologiutvikling, omdømmet, markedsføring av næringen i utlandet og evnen til å både tenke langsiktig […]
Source: Næringsforeningen i Stavanger
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Further increasing value of Johan Sverdrup
Category: Energy
Statoil and partners further increase the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base. The Johan Sverdrup development is now nearly 70% complete, which is according to plan, and investment costs are continuing its positive trend. Phase […]
Source: Statoil
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