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Statoil said it plans to change its name to Equinor

Statoil to rebrand as Equinor in green energy push

Norway's Statoil plans to change its name to Equinor, reflecting its commitment to become a broad energy company rather than one focused only on oil.

Business • 15 Mar 18

Like other oil companies, Statoil is now benefiting from rising crude prices

Statoil raises dividend as oil sector picks up

Norway's Statoil will raise its dividend, investments and exploration spending in 2018, as it announced fourth-quarter earnings above forecasts, the latest oil company to benefit from an upturn in the sector.

Business • 07 Feb 18

Statoil has bought a 25% stake in the Roncador oilfield, Petrobras' third-largest producing field

Statoil buys 25% stake in major Petrobras oilfield

Statoil has bought a stake in one of Brazil's largest oilfields from national oil company Petrobras for up to $2.85 billion, nearly tripling its production off the South American country, the Norwegian firm said today.

Business • 18 Dec 17

Statoil's adjusted operating profit reached $2.3 billion in the third quarter, lower than expectations

Statoil's third quarter earnings lag forecast

Norwegian oil firm Statoil today reported lower-than-expected earnings due to impairment charges mainly related to lower output from its unconventional onshore assets in North America.

Business • 26 Oct 17

Development of the first of two independent phases is now estimated to cost $11.82 billion.

Statoil's North Sea oilfield coming in below budget

The multi-billion dollar development of Norway's Johan Sverdrup oilfield, the largest North Sea discovery in decades, is proceeding ahead of plan and below budget, operator Statoil said today.

Business • 04 Sep 17

Statoil said it took a $2.3 billion impairment charge on the value of its assets

Statoil takes hit as cuts long-term oil price view

Norway's Statoil plunged to an unexpected loss in the fourth quarter of last year.

Business • 07 Feb 17

14 new licences were awarded for offshore blocks that gives firms access to new exploration areas for two years

Exxon, Eni and Statoil win Irish offshore licences

The Government has awarded oil and gas licences to companies including oil majors Eni, Exxon and Statoil, allowing them to explore for hydrocarbons off the coast of Ireland.

Business • 12 Feb 16

Sverdrup is estimated to contain up to 3 billion barrels of recoverable oil equivalents

Statoil goes ahead with $29 billion project

Norway's Statoil today unveiled plans to develop the giant Johan Sverdrup field in the North Sea, Europe's costliest offshore energy project.

Business • 13 Feb 15

Statoil's CEO Helge Lund in shock departure from firm today

Statoil CEO quits to take top job at rival firm

Statoil's chief executive Helge Lund unexpectedly resigned today to take the top job at smaller rival BG Group, the firms said in separate statements.

Business • 15 Oct 14

Statoil's third quarter earnings and output beat expectations

Statoil raises 2013 exploration target

Energy company Statoil today emphasised a focus on profits over volumes, as it managed to beat forecasts for both earnings and output in the third quarter.

Business • 30 Oct 13

Statoil agrees $2.65 billion deal with Austria's OMV

Statoil in $2.65 billion North Sea deal with OMV

Norway's Statoil has sold stakes in North Sea oil fields to Austria's OMV.

Business • 19 Aug 13

DCC to acquire Statoil LPG group for €11m

DCC is to acquire Statoil's industrial LPG business in Sweden and Norway for approximately €11m.

Business • 04 Sep 12

Statoil reports strong production figures

Norwegian state oil group Statoil reported surprisingly strong quarterly profits today on robust production figures even though net profit fell slightly.

Business • 08 May 12

Statoil