Statoil

StatoilHydro's Snoehvit tanker used to transport liquefied natural gas from the plant to customers. Photo credit: NINA LARSON/AFP/Getty Images

An oil company CEO endorsing a global carbon tax? Forbes energy reporter Christopher Helman says he’s never heard the head of an American oil giant do it, although many – including ExxonMobil – factor a carbon price into their long-term planning. So he was surprised this week when recently installed Statoil CEO Eldar Saetre offered up just… Keep reading →

Eagle Ford, TX

General Electric (GE) and Norway’s Statoil have announced a strategic collaboration to advance more environmentally friendly and economically sustainable technologies for oil and gas production. GE and partially state-owned Statoil have a long history of working together and both share a commitment to improving their environmental footprints, which is a goal increasingly valued by investors… Keep reading →

Worldskills 2013 Youth Job Skills Championships

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →

Lund1

Energy issues are more complex and interconnected than ever before, and for this reason energy has become front and center in many debates unfolding on national and international stages. This complicated mixture of issues – viewed through an energy-focused lens – can be summed up with 3 “C’s”, as described by Norwegian oil & gas… Keep reading →

Jaenschwalde Coal-Fired Power Plant

Statoil’s CEO Helge Lund gave keynote remarks to the audience at Columbia University’s Center on Global Energy Policy Spring Conference last week. He also engaged in some Q&A with IHS Vice Chairman and author of The Prize Daniel Yergin, who asked Lund about how Europe looks at the US unconventional production boom predominantly fueled by… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance,… Keep reading →

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 →

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