Statoil Net Worth is$89 B
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Type: Allmennaksjeselskap
Traded As: STL, STO
Foundation: 14 June 1972
Location: Stavanger, Norway
Key People: Helge Lund (chief executive officer), Svein Rennemo (chairman)
Industry: Oil and gas industry
Products: Petroleum, Electrical power
Revenue: Norwegian krone 670.20 billion (2011) Operating Income: NOK 211.78 billion (2011) Net Income: NOK 78.78 billion (2011) Assets: NOK 768.60 billion (2011) Equity: NOK 278.91 billion (2011) Num Employees: 31,715 (2011) Homepage:
Intl: yes
Statoil ASA, trading as Statoil and formerly known as StatoilHydro, is a Norwegian oil and gas company, formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy.
Statoil is a fully integrated petroleum company with operations in thirty six countries. By revenue Statoil was in 2010 ranked by Fortune Magazine as the world's 13th largest oil and gas company, and the largest company in the Nordic region by revenue, profit, and market capitalization.
Statoil is the largest operator on the Norwegian continental shelf, with 60% of the total production. The fields operated are Brage, Heimdal, Grane, Glitne, Gullfaks, Heidrun, Huldra, Kristin, KvitebjA,rn, Mikkel, Njord, Norne, Ormen Lange, Oseberg, Sleipner, Snorre, SnA,hvit, Statfjord, Sygna, Tordis, Troll, Veslefrikk, Vigdis, Visund, Volve and A?sgard. The company also has processing plants at Kolsnes, KA?rstA,, Mongstad, Tjeldbergodden and MelkA,ya.
In addition to the Norwegian continental shelf, Statoil operates oil and gas fields in Algeria, Angola, Azerbaijan, Brazil, Canada, China, Libya, Nigeria, Russia, United States and Venezuela. Statoil has offices that are looking for possible ventures in the countries of Mexico, Qatar and the United Arab Emirates. The company has processing plants in Belgium, Denmark, France and Germany. In 2006, Statoil was approved to implement the world's largest carbon sequestration project as a means to mitigate carbon emissions to the atmosphere.[citation needed]
Statoil is a signatory participant of the Voluntary Principles on Security and Human Rights.
In September 2007, Statoil and the Brazilian oil company Petrobras signed a deal aimed at expanding exploration, sub-sea and bio-fuels cooperation. After the merger with Hydro, Statoil became a partner in Brazil's offshore Peregr

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Statoil Latest News

Statoil gives go-ahead to delayed Arctic oilfield

Statoil has finally given the go-ahead to a much-delayed but crucial oilfield in the Norwegian Arctic, at a time of intensifying debate about the merits of drilling so far north. The Norwegian government-controlled company has more than halved the costs ...
Posted: December 7, 2017, 11:30 am

Aker Solutions Secures Subsea Services Agreement With Statoil

December 14, 2017 – Aker Solutions secured a framework agreement to provide subsea services for Statoil-operated oil and gas fields offshore Norway. The contract has a fixed period of five years, starting in the first quarter of 2018, and contains five ...
Posted: December 13, 2017, 10:47 pm

Statoil completes Carcará acquisition, moves to sell stakes to ExxonMobil, Galp

Statoil has completed a deal with Queiroz Galvão Exploração e Produção (QGEP) to acquire a 10% interest a block offshore Brazil containing the Carcará oil discovery. The BM-S-8 block is in Brazil’s Santos basin and the 10% was acquired by Statoil ...
Posted: December 14, 2017, 12:43 am
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