Image - Statoil and Icelandic Partners Drill the Worlds Hottest Geothermal Well

Statoil and Icelandic Partners Drill the World's Hottest Geothermal Well

Statoil and partners in The Iceland Deep Drilling Project has just started to drill a geothermal research well on Iceland. The goal is to explore if high temperature water can be extracted from deep reservoirs for power production. In a long term perspective geothermal energy could be a renewable energy source with potential, thus Statoil has research ongoing to test the technological and economic viability of this resource. The geothermal res...

Oil and Gas - Sep 12, 2016


Image - Statoil Increases Share in the Wisting Discovery

Statoil Increases Share in the Wisting Discovery

Statoil and Tullow Norge AS have agreed on a transaction whereby Statoil will increase its equity in four licences on the Norwegian continental shelf (NCS). The transaction includes the Wisting discovery in the Barents Sea. "This transaction reflects our strong belief in the exploration potential on the Norwegian continental shelf and our commitment to create value in the Barents Sea," says Jez Averty, Statoil's senior vice president for explo...

Exploration - Sep 6, 2016


Image - Statoil and Petrobras Strengthen Strategic Partnership in Brazil

Statoil and Petrobras Strengthen Strategic Partnership in Brazil

Statoil and Petrobras took a step forward in strengthening their cooperation in Brazil by signing a Memorandum of Understanding (MoU). The intention of the MoU is to evaluate joint participation in future tenders for exploration areas and to increase upstream collaboration in producing fields in the Santos and Campos offshore basins. The agreement also sets out a potential framework for cooperation on value creating opportunities in the gas...

Oil and Gas - Aug 30, 2016




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