https://feeds.thelocal.com/ Read the latest news and views from Norway in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Norway's largest oil company Statoil officially changed its name to Equinor on Wednesday as it forges ahead with its drive into renewable energy. https://www.thelocal.no/20180516/call-me-equinor-statoil-changes-name Wed, 16 May 2018 16:25:01 +0200 call-me-equinor-statoil-changes-name The board of Statoil announced Thursday it wants to rename the firm Equinor as Norway's state-owned energy company seeks to diversify its business from the oil and gas sector. https://www.thelocal.no/20180315/norways-statoil-to-rename-itself-equinor Thu, 15 Mar 2018 15:34:30 +0100 norways-statoil-to-rename-itself-equinor Norwegian oil giant Statoil said Wednesday that rising oil prices and record output enabled it to return to the black last year, even exceeding its own targets. https://www.thelocal.no/20180208/recovering-oil-prices-fuel-statoil-profits Thu, 08 Feb 2018 10:31:09 +0100 recovering-oil-prices-fuel-statoil-profits Norwegian oil giant Statoil on Monday announced it would buy a 25 percent stake in Roncador, a large oil field in the Campos Basin off the coast of Brazil, for up to $2.9 billion. https://www.thelocal.no/20171219/statoil-invests-up-to-29-billion-in-petrobras-oil-field Tue, 19 Dec 2017 10:54:26 +0100 statoil-invests-up-to-29-billion-in-petrobras-oil-field Norwegian oil giant Statoil and its partners plan to invest 49 billion kroner (nearly 5 billion euros) to develop the Arctic Johan Castberg oil field, a cost cut in half compared to initial forecasts. https://www.thelocal.no/20171205/statoil-partners-to-spend-59-billion-on-new-arctic-oil-field Tue, 05 Dec 2017 11:40:29 +0100 statoil-partners-to-spend-59-billion-on-new-arctic-oil-field Norwegian oil group Statoil said Tuesday that exploratory drilling in the Korpfjell prospect area in the Arctic, which experts thought may contain the country's largest oil find, had been "disappointing". https://www.thelocal.no/20170829/statoils-arctic-exploration-fails-to-find-oil Tue, 29 Aug 2017 15:00:09 +0200 statoils-arctic-exploration-fails-to-find-oil Norwegian oil giant Statoil has announced results of $3.31 billion dollars for the first quarter of 2017, quadruple the profit for the same period last year. https://www.thelocal.no/20170504/norwegian-statoil-results-far-better-than-expected Thu, 04 May 2017 15:17:31 +0200 norwegian-statoil-results-far-better-than-expected Norwegian oil giant Statoil said Thursday it was exiting its oil sands projects in Canada, booking a loss, in a move hailed by environmental activists. https://www.thelocal.no/20161215/norways-statoil-exits-oil-sands-projects-in-canada Thu, 15 Dec 2016 12:17:57 +0100 norways-statoil-exits-oil-sands-projects-in-canada Norwegian oil group Statoil said on Tuesday it will not use Airbus' Super Puma helicopters even after European authorities lifted a flight ban imposed following a deadly accident in April in Norway. https://www.thelocal.no/20161206/statoil-ditches-super-puma-helicopters-after-deadly-crash Tue, 06 Dec 2016 14:41:18 +0100 statoil-ditches-super-puma-helicopters-after-deadly-crash The Norwegian oil giant Statoil announced on Thursday a deeper cut to its investments this year after a third-quarter loss because of low oil prices. https://www.thelocal.no/20161027/statoil-further-cuts-investments-amid-drop-in-oil-price Thu, 27 Oct 2016 14:30:15 +0200 statoil-further-cuts-investments-amid-drop-in-oil-price Norwegian oil company Statoil has agreed to shell out $2.5bn to buy a majority stake in Brazil’s Carcará oil field, one of the biggest recent oil discoveries worldwide. https://www.thelocal.no/20160729/statoil-blows-25bn-on-brazil-oil-field-stake Fri, 29 Jul 2016 11:09:33 +0200 statoil-blows-25bn-on-brazil-oil-field-stake Norwegian oil giant Statoil held up better against the lower oil price in the first quarter than analysts had expected, reporting a profit on Wednesday after cutting costs. https://www.thelocal.no/20160428/statoil-beats-expectations-to-stay-in-the-black Thu, 28 Apr 2016 11:01:59 +0200 statoil-beats-expectations-to-stay-in-the-black Energy giants Statoil of Norway and EON of Germany said Monday they would invest more than €1.2 billion ($1.3 billion) in a Baltic Sea wind farm, one of Europe's biggest offshore wind projects. https://www.thelocal.no/20160426/statoil-and-eon-join-forces-on-baltic-wind-farm Tue, 26 Apr 2016 10:40:47 +0200 statoil-and-eon-join-forces-on-baltic-wind-farm Norwegian oil group Statoil said Monday it would store energy from a Scottish floating wind farm on a powerful battery storage system, in a pioneering pilot project. https://www.thelocal.no/20160322/statoil-launches-giant-battery-for-offshore Tue, 22 Mar 2016 10:34:50 +0100 statoil-launches-giant-battery-for-offshore Norwegian oil giant Statoil has slashed investments and stepped up a cost-cutting programme after recording a huge annual loss for 2015 in the wake of tumbling oil prices. https://www.thelocal.no/20160204/statoil-cuts-investments-after-heavy-losses-in-2015 Thu, 04 Feb 2016 10:21:10 +0100 statoil-cuts-investments-after-heavy-losses-in-2015 Norway's Statoil said Tuesday it was giving up its exploration licences in Alaska after its Anglo-Dutch rival Shell threw in the towel in September because of disappointing oil and gas finds. https://www.thelocal.no/20151117/norways-statoil-pulls-out-of-alaskan-arctic Tue, 17 Nov 2015 22:45:51 +0100 norways-statoil-pulls-out-of-alaskan-arctic Profits have more than halved at Statoil over the last year, as the Norwegian state-controlled oil company struggles with continuing low oil prices. https://www.thelocal.no/20151028/profits-more-than-half-at-statoil-on-oil-slump Wed, 28 Oct 2015 10:45:48 +0100 profits-more-than-half-at-statoil-on-oil-slump Falling oil revenues will see Norway delve into its massive sovereign wealth fund -- the world's largest -- to balance its books next year, according to budget plans unveiled on Wednesday. https://www.thelocal.no/20151007/norway-to-tap-oil-fund-as-revenues-plummet Wed, 07 Oct 2015 22:09:00 +0200 norway-to-tap-oil-fund-as-revenues-plummet Norway on Friday gave its green light to the development of the mammoth Johan Sverdrup gas field in the North Sea, the first phase of which alone is worth 118 billion Norwegian kroner ($14.4bn) https://www.thelocal.no/20150821/norway-gives-go-ahead-to-giant-oil-field Sat, 22 Aug 2015 00:27:57 +0200 norway-gives-go-ahead-to-giant-oil-field Statoil, grappling with plunging global oil prices, plans to cut between 1,100 and 1,500 jobs, or seven percent of its workforce, by the end of 2016, the Norwegian oil giant said Tuesday. https://www.thelocal.no/20150616/statoil-to-slash-1500-jobs-to-trim-losses Tue, 16 Jun 2015 17:09:03 +0200 statoil-to-slash-1500-jobs-to-trim-losses