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Norwegian energy company Statoil announced it signed a memorandum of understanding to explore for additional reserves offshore Azerbaijan.
The British government said Friday it expects the Mariner offshore oil field could account for 5 percent of the country's daily production.
Norwegian energy company Statoil confirmed that a fifth employee died as a result of a January terrorist attack on a natural gas facility in Algeria.
Norwegian energy company Statoil confirmed that four of its employees died as a result of a terrorist attack on a natural gas facility in eastern Algeria.
Norwegian energy company Statoil said five of its employees were unaccounted for following terrorist attacks on a gas installation in Algeria.
Norwegian energy company Statoil said Monday it was flying flags at half staff at all installations for one week out of respect for the crisis in Algeria.
With oil and natural gas expected to dominate the global energy mix, Norwegian energy company Statoil said it aimed to capitalize on North American reserves.
Norwegian energy company Statoil said its success at home translated to high expectations about the potential in the British waters of the North Sea.
Norwegian energy company Statoil announced plans to invest more than $40 million in a research center geared toward increasing oil recovery rates.
Norwegian energy company Statoil said it would finance the costs associated with exploration in the Barents of Okhotsk seas in a partnership with Rosneft.
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