Statoil ASA News

New center at Mongstad expects to test clean technologies suitable for large scale carbon capture facilities in 2011.

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Total SA said the first output from OAO Gazproma s Shtokman natural-gas project in the Arctic is targeted for the end of 2015, provided a final investment decision is taken by the end of next year.

Charges against Norwegian energy giant Statoil related to bribing Iranian officials for access to the South Pars gas field were dismissed, U.S. officials said.

Statoil ASA , Norwaya s largest energy company, said ita s unclear when it can restart its Arctic Snohvit liquefied natural gas plant after an electrical fault.

Statoil today announced that the Deferred Prosecution Agreement the company entered into as a part of the settlement of the Horton case, has expired as scheduled.

Azerbaijan, Europea s closest energy ally in the Caspian basin, is threatening to sell its gas to Asian markets, pressuring the European Union to complete pipeline accords to boost its own deliveries from the region.

When planning to build a large-scale floating wind farm in the Gulf of Maine, it's good to draw on experience.

Oil and gas investments may be impeded by delays to a global climate treaty, complete with clear guidelines for carbon emissions, Norwegian major Statoil said on Tuesday.

Transocean Ltd. announced today that the newbuild ultra-deepwater drillship Discoverer Americas has commenced operations in the U.S. Gulf of Mexico for Statoil Gulf of Mexico, a subsidiary of Statoil ASA, under a four-year drilling contract.

Although the energy industry is starting to ramp up carbon-capture and storage projects as a possible solution to solving the environmental problems the world is facing regarding climate change, government action is needed to accelerate this build out.

The oversupply of natural gas is likely to continue in the short to medium term, says IEA executive director Nobuo Tanaka There may be an "acute glut" of natural gas in the next few years because of rising production of so-called unconventional fuel in the US and Canada, according to the International Energy Agency.

Statoil ASA , Norwaya s largest oil and gas producer, said production at its Arctic Snohvit liquefied natural gas plant restarted today after a maintenance shutdown.

New technologies make it cheaper and easier to extract gas from shale rock. With coal being too dirty and wind farms and nuclear power plants arriving late, it seems the world is left with a stark choice: keep on polluting or turn out the lights.

The New York Yankees of the '50s and the Chicago Bulls and Dallas Cowboys of the '90s have one crucial element in common: consistent excellence in their organizations and performance.

Statoil ASA reported its third quarter results of 38 cents per share, compared to the Zacks Consensus Estimate of 40 cents and in line with the year-earlier quarter earnings.

Norwegian oil company Statoil ASA agreed last month to sell part of its interests in the U.S. Gulf of Mexico to the China National Offshore Oil Corporation, a company spokesman said Thursday.

's Total and Norwegian rival Statoil have added to the downbeat tone from the oil industry, promising to tackle a tough environment with cost cuts as they announced big drops in third-quarter profit.

Marathon Oil on Tuesday became the latest large U.S. oil company to report sour results for the third quarter of 2009 when compared to a year earlier.

Statoil ASA , the worlda s largest offshore oil and gas operator, expects production costs to rise as it expands in unconventional petroleum resources and areas such as the Russian Arctic and Canada.