Statoil ASA News

Trico Marine Services Inc. has been awarded contracts with a total value of $50 million.

Regulatory News. Technip has been awarded by Statoil ASA an engineering, procurement, construction and installation lump sum contract, worth in excess of 23 million, for the Asgard Gas Transfer Project .

"Not only do we forecast lower gas prices in 2010 but given calls from European buyers for reduced off-take volumes under long-term contracts, we suspect both upstream and gas sales volumes will experience considerable pressure," Deutsche Bank analysts wrote in a note to clients.

A subsidiary of Russian energy giant Gazprom and a Statoil affiliate have signed wide-ranging agreements to increase their gas and liquefied natural gas distribution footprint in the United States, the companies said Tuesday.

Statoil is pleased to announce the appointment of Lars Christian Bacher as president of its Canadian operations.

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.

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