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Latest StatoilHydro operations by country Stories

2009-02-24 07:32:00

BRISTOL, England, February 24 /PRNewswire-FirstCall/ -- Computershare Governance Services (CGS), part of the Computershare group of companies (ASX:CPU) has won a prestigious contract to supply Norwegian company StatoilHydro with its Global Entity Management System (GEMS). Created in 2007 from the merger of Statoil and Hydro's oil and gas activities, the company has approximately 29,500 employees in 40 countries, and is the operator for 39 producing oil and gas fields. CGS won...

2008-11-11 09:00:39

StatoilHydro and Chesapeake Energy have signed a strategic agreement to jointly explore unconventional gas opportunities worldwide. Under these agreements, StatoilHydro will initially acquire a 32.5% interest in Chesapeake's Marcellus shale gas acreage covering 1.8 million net acres in the Appalachia region of the northeastern US. StatoilHydro's share equals approximately 0.6 million net acres of this leasehold. StatoilHydro will pay a consideration of $1.25 billion in cash and a further...

2008-11-11 03:00:31

Chesapeake Energy Corporation (NYSE:CHK) today announced the execution of an agreement for a joint venture with StatoilHydro (NYSE:STO, OSE:STL) whereby StatoilHydro will acquire a 32.5% interest in Chesapeake's Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold, of which StatoilHydro will own approximately 0.6 million net acres and Chesapeake will own approximately 1.2...

2008-11-11 03:00:30

StatoilHydro (NYSE: STO, OSE: STL), the second largest natural gas supplier to Europe and Chesapeake Energy Corporation (NYSE: CHK), the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide. Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake's Marcellus shale gas acreage covering 1.8 million net acres (7,300 square kilometres) in the Appalachia region of...

2008-11-04 12:00:21

Norwegian energy group StatoilHydro has announced that during the gas year 2007, which ended September 30, 2008, it has sold approximately 80 billion cubic meters of gas compared to the gas year 2006 when it sold 76 billion cubic meters, a 5% increase in sales. The sales volume includes the group's own sold piped entitlement gas and liquefied natural gas (LNG), third party gas and gas sold on behalf of the Norwegian state's direct financial interest. StatoilHydro's isolated entitlement...

2008-10-23 06:00:23

Norwegian integrated energy major StatoilHydro has assigned the management of its technology corporate venture activities to a special purpose company, Energy Capital Management. The new management company will be led by Arne Froiland, former vice president of StatoilHydro Corporate Venture. The new management company and its portfolio will benefit from close ties to StatoilHydro through the company's technology implementation board, with representatives from the Technology and New Energy...

2008-10-17 09:00:23

StatoilHydro has concluded the drilling of exploration well 6707/10-2S in the Norwegian Sea. The well was drilled in production license PL218, which is located southeast of the Luva gas find and 280km west of Sandnessjoen in Norway. StatoilHydro is the operator of the license. The purpose of the well was to confirm gas in reservoir rocks from the Late Cretaceous age in a prospect called Haklang. A 127-meter long gas column was proven in a reservoir with good production qualities. Core...

2008-09-10 03:00:20

Norwegian oil and gas company StatoilHydro has said that its Gjoa platform in the North Sea will receive electricity from the mainland, and will be the first floating platform to ever do so. This is expected to reduce 250,000 tons of CO2 emissions per year. The Gjoa platform is expected to come on stream in 2010. A cable running from the new power plant at Mongstad, north of Bergen, Norway, will supply the platform with electricity. StatoilHydro said that the Gjoa platform, including the...

2008-08-29 09:00:56

Norwegian oil and gas company StatoilHydro has reported that it tested dry gas in the Tinerkouk-2 well in the Hassi Mouina license area in Algeria. The appraisal well was spudded in June 2008 and the hydrocarbons were encountered in formations of lower carboniferous age. StatoilHydro and its project partner, Algerian state-owned company Sonatrach, are reportedly satisfied with the results of the well. The recently completed Tinerkouk-2 well is the sixth positive well in the license...

2008-08-25 09:01:39

StatoilHydro, an integrated oil and gas company, has made two new discoveries on the Norwegian continental shelf. The presence of a considerable oil column has been confirmed under the Dagny structure in the North Sea, while gas has been proven in the deep-water Snefrid South prospect near the Luva discovery in the Norwegian Sea. The purpose of well 15/5-7 in production license PL048 was to confirm the presence of oil in mid-Jurassic reservoir rocks below the Dagny gas discovery. The well...


Word of the Day
bodacious
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'
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