Statoil's success in a recent test well at one of the largest fields ever found on the Norwegian Continental Shelf could be a boon to the company going forward.
Norwegian oil giant Statoil has been aggressively expanding its operations lately in order to grow outside of Norway. Here are just two ways that the company is doing this.
Statoil's drill stem test on the Zafarani reservoir off the coast of Tanzania has greatly surpassed expectations. This shows that the deposit could produce a large amount of oil and help the company become a major supplier of natural gas to the rapidly growing Asian market.
General Electric Company is partnering up with Statoil ASA to clean up natural gas fracking.
The Norwegian kroner declined significantly against the U.S. dollar from the beginning of November to the end of January. This will have a negative effect on investors who are attempting to compare Statoil to American alternatives and for those who are depending on the company's dividend to derive income.
Why Statoil’s decision to cut spending and focus on returns could be a catalyst to boost the company’s share price.
This Norwegian energy company discovered more oil and gas than any other energy company last year. This will ensure the company's future as it grows its reserves by discovering more oil and gas than it extracts.
Kodiak Oil & Gas is a major player in the Bakken shale play, but can it stay on top of rivals Statoil and Continental Resources?
Norway wants make its investments a tad greener, and Statoil investors need to be aware of the potential impacts.
If BP wants to put the Macondo spill further in its rear-view mirror, it will need to succeed in this region where Statoil and Total have struggled recently.