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Latest StatoilHydro Stories

2012-07-25 02:34:11

MONTREAL, July 25, 2012 /CNW Telbec/ - SNC-Lavalin (TSX: SNC) is pleased to announce that it has been awarded a contract by Statoil ASA to carry out the front-end engineering design (FEED) for an approximately 20,000-tonne substructure, part of the Bressay offshore development located in the UK sector of the North Sea. "We're very pleased to continue supporting Statoil on the landmark Mariner and Bressay projects," said Andy Mackintosh, Executive Vice-President, SNC-Lavalin Group...

2012-07-16 02:21:26

CALGARY, July 16, 2012 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is very pleased to announce that the Foreign Investment Review Board of Australia ("FIRB") has no objection to the joint venture between Statoil Australia Oil and Gas AS ("Statoil") and PetroFrontier.  This approval satisfies the last condition precedent of the Farm-In Agreement announced on June 20, 2012. "We are thrilled that this final condition precedent has been met" said Paul...

2012-07-05 02:21:20

HOUSTON, July 5, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Gullfaks South field development. The contract has an estimated value of $200 million in revenue to FMC Technologies. Gullfaks South will be developed as a fast-track project in blocks 34/10 and 33/12 in the North Sea, in water depths between 425 and 720 feet (130-220 meters). FMC's...

2012-06-25 06:24:44

CALGARY, June 25, 2012 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") is pleased to announce that it has successfully completed the drilling of its second horizontal well ("MacIntyre-2H") in the Southern Georgina Basin, Northern Territory, Australia.  MacIntyre-2H is located in the northeastern part of EP 127, approximately 60 km from the Baldwin-2Hst1 well, which PetroFrontier successfully drilled in late 2011. MacIntyre-2H reached a total measured depth of...

2012-06-20 10:21:04

HOUSTON, June 20, 2012 /PRNewswire/ -- Statoil was the high bidder on 26 leases in the first lease sale in the Central Gulf of Mexico since March of 2010. (Logo: http://photos.prnewswire.com/prnh/20101006/STATOILLOGO) With the addition, Statoil will control more than 350 leases in the Gulf of Mexico, further securing its significant lease holder position "We are very pleased with today's outcome," says Erik Finnstrom, Statoil senior vice president of Exploration for Statoil in North...

2012-06-20 02:22:16

NEW YORK, June 20, 2012 /PRNewswire/ -- Statoil's oil and gas production in North America continues to show strong growth. In the last decade, Statoil's North American portfolio had a Compound Annual Growth Rate (CAGR) of more than 20% and the company projects a strong growth rate also going forward. "Average production from our US and Canadian fields in the first quarter 2012 was 149,000 barrels of oil equivalent (boe) per day - up as much as 75% compared to the corresponding quarter in...

2012-05-23 10:23:18

HOUSTON, May 23, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE:FTI) announced today that it has signed two five-year contracts with Island Offshore Management AS to supply Light Well Intervention (LWI) services for use by Statoil in the North Sea, contingent on approval from Statoil's partners. Each contract contains options for two, two-year extensions. FMC's LWI services enable cost effective intervention and maintenance operations to be performed on existing subsea wells,...

2012-05-14 06:22:30

CALGARY, May 14, 2012 /PRNewswire/ - Statoil has reached an agreement to use Seadrill's West Aquarius deepwater drilling rig for Statoil's 2012-2013 exploration activities offshore Newfoundland, Canada. "We have ambitious exploration targets offshore Newfoundland, and securing rig capacity is essential for reaching those targets," says Geir Richardsen, head of Exploration for Statoil in Canada. "We look forward to putting this rig's capabilities into action." Starting late 2012,...

2012-03-20 10:22:02

HOUSTON, March 20, 2012 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has signed an agreement with Statoil for the manufacture and supply of subsea production equipment to support the Fram H-Nord development. The contract has a value of approximately $70 million in revenue to FMC. FMC's scope of supply includes one subsea production tree, one manifold and one multiphase meter. The Company will also supply an integrated template structure, one umbilical, two...

2012-02-01 13:23:00

OSLO, Norway, Feb. 1, 2012 /PRNewswire/ -- IBM (NYSE: IBM) has been selected for a global research project to develop the world's first integrated environmental monitoring system aimed at helping oil and gas companies minimize the environmental impact of their operations. IBM researchers, developers and a team from IBM's Centre of Excellence for Oil and Gas in Stavanger, Norway, are collaborating with experts from Statoil, Kongsberg Group and Det Norske Veritas (DNV) on developing a...