Statoil

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Replacing water for hydraulic fracturing operations with carbon dioxide is long-term prospect, but an attractive one. As part of its ecomagination program the company is trying to figure out the best way to get the super-cooled gas to deliver proppant. “GE, which is making a push into oilfield technology, is studying how a chilled form… Keep reading →

Surging Oil Industry Brings Opportunity To Rural California

The idea that global oil production was nearing its peak, only to plateau and then decline was a common view in the energy world for many years. The geophysicist M. King Hubbert predicted in the 1950’s that US oil production would peak in the 1970’s, a forecast that held true until technology allowed companies to… Keep reading →

Few Jobs Than Expected Added To Labor Market In January

Mandates that require utilities to generate renewable energy can be satisfied by physically owning the assets and generating power from distributed sources like wind and solar, or by purchasing renewable energy certificates from other who generate power from renewables. This creates markets that vary by state depending on local mandates and regulations. REC trading in… Keep reading →

Israeli Stock Market Reacts To News Of Ariel Sharon's Health

Statoil has been proactively linking the contractual price of natural gas to European gas trading hubs and abandoning oil-linked pricing as Brussels pushes for market liberalization, consumers fight oil-linked prices and regional hubs gain liquidity. The change is slowly taking place in Eastern Europe, but “all of its German contracts and nearly all its UK,… Keep reading →

National Renewable Energy Lab Tests Green Energies In Colorado

There is no shortage of global energy problems to solve – meeting the electricity needs of rising populations while simultaneously slowing the growth of greenhouse gas emissions, generating a skilled labor pool for a shifting energy landscape, and looming water shortages in arid regions, to name a few. And there are plenty of very smart,… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →

Open Pit Coal Mines To Become Lake District Tourist Paradise

A question that frequently surfaces in discussions about energy and environment is why we continue to use fossil fuels, rather than transition to cleaner energy sources, given the threats posed by climate change. According to Statoil chief economist Eirik Wærness, no one has identified a means of sustaining acceptable levels of economic growth without them.… Keep reading →

Increasing Cars Put Pressure To China's Environment And Traffic System

The world uses about 91 million barrels of oil per day. And most forecasts suggest that oil consumption will rise over the next few decades, driven in large part by growing demand for transportation fuels, especially in Asia. Norway’s state-owned oil company, Statoil, predicts that oil demand will peak at around 105 million bbl/d in… Keep reading →

The Dow Falls On Poor Economic Data In The Housing And Job Market

Energy forecasts rest on price assumptions, and price assumptions rest on shifting foundations, said Statoil Chief Economist Eirik Wærness at an event hosted by Columbia University’s Center on Global Energy Policy this morning, where he presented the Norwegian company’s global energy outlook to 2040. No matter how good the data on how much the world… Keep reading →

An Aerial view taken on August 18, 2011

As US natural gas production swelled in recent years – largely a result of shale gas development – and prices fell amid burgeoning supply, producers moved rigs to economically greener pastures. In a world of comparatively high oil prices, this meant more liquids rich natural gas resources that produced ethane, butane, propane and pentanes, known… Keep reading →

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