Statoil is struggling to find partners

Statoil normally publishes an exploration program each year outlining expected exploration drillings for the following year. But the company did not do so in 2014, and this was not only the result of cost reductions.

BY DANIEL LOGAN

Published: 10.03.15 at 15:30

Norwegian oil giant Statoil did something unusual last year. The company opted not to publish an exploration program for 2015.

The decision was not caused exclusively by budget cuts and cost reductions, but rather the fact that Statoil does not yet exactly know where and when to perform exploration drillings, reports Norwegian media Teknisk Ukeblad.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

Access all locked articles
Receive our daily newsletters
Access our app

Start a free company trial today

"The challenges we face as an industry require more skills and competencies"

Foto: Lucy Nicholson/Reuters/Ritzau Scanpix

They are a generation of future maritime leaders shaped both by Covid-19 and shutdowns and now by a world filled with tension. Four potential future managers enrolled in the Blue MBA program give their take on why it is important to improve your skills.

Leading shippers prepared to pay 10% extra for sustainable transportation

Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.