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 cancels Stena Drilling contract

STAVANGER, Norway – Statoil has canceled the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since Feb. 7, 2014, performing operations for the Troll and Fram licenses. The original contract termination ...
Posted: October 25, 2016, 9:49 am

Jersey Oil and Gas : Licence P.2170 Verbier Prospect Site Survey

10/10 JERSEY OIL AND GAS: Completes Farm-out to Statoil 10/06 JERSEY OIL AND GAS: Shares Soar After Farm-Out Deal With Statoil Completes 10/06 JERSEY OIL AND GAS: Completion of Farm-out to Statoil 09/29 JERSEY OIL AND GAS: Returns To Loss But Preparing ...
Posted: October 25, 2016, 11:30 pm

Statoil Terminates ‘Stena Don’ Contract

Norway’s Statoil has announced it has decided to cancel the contract with Stena Drilling for the mobile rig Stena Don. The rig has been on contract to Statoil since 7 February 2014, performing operations for the Troll and Fram licenses in the Norwegian ...
Posted: October 25, 2016, 5:10 pm
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