Statoil divests assets for billions in Azerbaijan

Statoil has sold its 15.5 percent stake in the Shah Deniz gas field along with other activities in Azerbaijan. The transaction is worth USD 2.25 billion, according to the oil company.

BY KATRINE GRØNVALD RAUN

Norwegian oil company Statoil has divested activities in Azerbaijan, says the company in a corporate statement.

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Statoil divests assets for billions in Azerbaijan

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Statoil has no "sacred cows" in terms of divesting

Statoil makes first move north of the Arctic Circle

Statoil cost reductions hurt subcontractors

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs