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Sunday, June 24, 2018

Statoil News

Snorre B - Photo Harald Pettersen - Statoil.jpg

"Soil Shift" Shuts Down Statoil Snorre B Platform

Statoil shut oil production at its Snorre B platform in the North Sea and evacuated a quarter of the personnel there after detecting a soil shift under a drilling template and then oil leak, the company said on Monday. The Snorre field in the northern part of the North Sea is Norway's fourth-biggest oil producer with output averaging 88,000 barrels of oil per day in 2013, data from Norwegian Petroleum Directorate (NPD) showed. The field has two production platforms but Statoil declined to provide a breakdown between Snorre B and Snorre A, which is operating normally. Production at Snorre B

Anders Opedal

Statoil Appoints COO

  Anders Opedal is appointed executive vice president and takes on a new position as chief operating officer (COO) in the corporate executive committee (CEC) of Statoil as of 1 April. Opedal will be responsible the corporate improvement programmes and for driving operational efficiency across Statoils business areas. “I am pleased to announce that Anders assumes this new position in the CEC. He will be a driving force in our effort to further improve the safety and efficiency of our operations. I really look forward to his contribution to develop a highly profitable, competitive and

John Knight (Photo: Trond Isaksen / Statoil)

Statoil's Strategy Chief Knight to Leave Oil Firm in 2019

John Knight, Statoil's head of global strategy and business development, will leave the Norwegian oil firm in 2019, Statoil said in its annual report on Friday.   Knight, a British citizen who has been working at Statoil since 2002, has been a key figure in the international expansion of the Norwegian state-controlled firm in recent years.   "Based on a mutual understanding, John Knight, employed by Statoil UK, will end his employment with the company as of 1 January 2019," said the report.     (Reporting by Gwladys Fouche, editing by Terje Solsvik)

Photo courtesy of Semco Maritime

Semco Signs Staffing Agreement with Statoil

Semco Maritime Norway informs it has been awarded a new framework agreement for supply of temporary staffing to Statoil ASA. The agreement applies to several types of specialists, both onshore and offshore, at Statoil’s installations and onshore facilities. The framework agreement runs for four years and holds options for additional four years.

CEO Eldar Sætre

Statoil Appoints CFO, 3 EVPs and Rejigs Top Deck

  Statoil appoints new chief financial officer (CFO), and launches business area for New Energy Solutions (NES). Three new executive vice presidents (EVPs) are appointed as members of the corporate executive committee (CEC). CFO Torgrim Reitan is appointed EVP for Development & Production USA (DPUSA) after Bill Maloney decided to not prolong his contract with Statoil. Hans Jakob Hegge is appointed new EVP and CFO. Hegge comes from the position as senior vice president for Operations North in Development & Production Norway. Irene Rummelhoff is appointed EVP for New Energy Solutions

Statoil Moves Key IT Tasks from India Back to Norway

Statoil said on Friday it would move its critical information technology (IT) tasks from Indian provider HCL Technologies back to Norway to improve security. A number of IT-related security incidents in recent years, including one that disrupted oil loading at the Mongstad refinery in 2014, had led the Norwegian energy company to create a task force to assess risks. As a result of this assessment Statoil decided to strip its most "critical" tasks from provider HCL, to which the company outsources most of its infrastructure IT management, after internal reports identified potential

Statoil Could Cut Workforce by 2,000

Norwegian energy firm Statoil could lay off another 2,000 employees by the end of 2016, business daily Dagens Naeringsliv (DN) said on Friday.   The decision will be finalised in the near future, after discussions with the management and representatives from the unions on Thursday.   According to DN, 1,500 employees will be laid off, as well as 500 hired workers.   The cuts would be part of Statoil's technical efficiency programme announced in February, which targets a $1.7 billion annual cost reduction.   A Statoil spokesman told Reuters that there was no basis to comment

Anders Opedal, executive vice president and chief operating officer in Statoil. (Photo Harald Pettersen)

Estimating Further Workforce Reductions at Statoil

  The effort to standardise, simplify and increase efficiency across Statoil enters the next phase. The potential workforce reduction is estimated at 1,100 – 1,500 permanent employees by end 2016. In addition Statoil will further reduce the number of consultants by around 525. The estimate for workforce reductions reflects the STEP efficiency potential and further corporate improvements over the coming 18 months. "We regret the need for further reductions, but the improvements are necessary to strengthen Statoil’s competitiveness and secure our future value creation

Statoil needs to recruit skilled workers to all disciplines in the coming years. (Photo: Øyvind Hagen)

Statoil Recruitment Plan Targets Skilled Workers

Statoil said plans to recruit more than 50 skilled workers annually in the years ahead to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain profitable and sustainable production at the current level on the Norwegian continental shelf up to 2030 and beyond. However, this means that we must continue to attract talented personnel with good qualifications,” said Aksel Stenerud, vice president human resources Development and Production Norway.   As a result of the downturn in the oil and gas

From right to left – OSM crew members Giliard Damasceno Miranda (Deck Operator), Wilton Pereira Gomes (Deck Operator) and Alex Fabiano de Figueiredo Oliveira paying attention to the instructions that Bruno Araujo (back) is going through (Photo: OSM)

OSM Officially On Board Statoil’s Peregrino

with more than 90 specialized offshore positions officially on board the Peregrino.   “OSM Brazil have successfully mobilized our crew on board the FPSO Peregrino,” says Tommy Olofsen, Managing Director of OSM Crew Management.  OSM Maritime Group (OSM) began its journey with Statoil’s Floating Production Storage Unit (FPSO) Peregrino back in early 2016.   However, increased efforts and investments in Brazil have been ongoing since 2013 – with multiple office locations, and an EBN Certification that marks the company as a registered Brazilian Shipping Company

Shell Nabs Sinochem Crude Trader for Singapore Desk

opening up of China's oil imports to include independent refineries. Shell declined to comment on staff moves. Qingpu, who managed West African trading for Sinochem, did not immediately respond to a request for comment. The sources told Reuters that Qingpu was initially expected to take a job with Statoil, but then opted for Shell. Statoil declined to comment. Companies last year began plucking staff from state giants including Sinochem and CNPC to grab a larger share of the $50 million a day in new crude flowing into China, which many expect to grow even further.  Sources in London said

Helge Lund assumed the role as President and CEO of Statoil on 16 August 2004.

Statoil’s President & CEO Helge Lund Resigns

Statoil President and CEO Helge Lund has informed the company's board of directors that he will resign. Helge Lund has chosen to leave Statoil to take up the position as CEO of another international oil and gas company. The board of directors has appointed Eldar Sætre as acting president and CEO of Statoil with immediate effect. According to a Reuters report, Statoil's long-serving chief executive will take on the top role at smaller rival BG, where he has been promised a big pay rise if he can turn round the flagging British gas and oil producer. "I would like to thank Helge Lund for

Statoil Nominates Agerup on Board

  The nomination committee in Statoil recommends that the company's corporate assembly elects Wenche Agerup as a new member of Statoil's board of directors. The nomination committee in Statoil recommends that Wenche Agerup is elected as new member of the board. Catherine Hughes withdrew from the Statoil board with effect from 19 April 2015. The nomination committee’s search for a new, female board member as a replacement for Hughes is now finalised, and the nomination committee proposes that a supplementary election to the board is held in the corporate assembly meeting 20 August 2015.

Statoil Appoints Hutton

. He will take on the role from 1 January 2015. "Peter has extensive insight into the oil and gas industry and the financial markets. He has consistently been ranked as one of the best equity analysts and has a broad network across companies and institutions. I look forward to his contribution to Statoil and to have him as a part of my team," says Reitan

Eldar Sætre, new Statoil president and CEO. (Photo Harald Pettersen)

Sætre Appointed President & CEO of Statoil

Statoil’s board of directors has appointed Eldar Sætre as the company’s new president and CEO.   Sætre, who has 35 years’ experience from Statoil and the oil and gas industry, has been acting as president and CEO since October, and assumes the role with immediate effect.   "Eldar Sætre was our first choice. The industry and company are facing demanding challenges. Eldar stands out with his long experience and ability to create change. Those are qualities we need in times like these. I am extra pleased that we were able to recruit the next CEO from

Margareth Øvrum (Photo: Ole Jørgen Bratland / Statoil)

Changes in Statoil's Top Deck

Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect the company's increased focus on Brazil.Statoil's Brazilian operations will become a separate business unit headed by Margareth Oevrum, the company's current head of technology, project and drilling.Meanwhile, its separate U.S. business is being brought back within the broader international development and production division, which will be headed by current U.S. chief Torgrim Reitan."Torgrim Reitan strengthens his position as a candidate for being the next CEO," brokerage

Helge Lund  Photo courtesy of BP

BP Names Former Statoil Boss Lund as Next Chairman

BP named Helge Lund, a former head of Norway's Statoil, as its next chairman on Thursday, as the British oil major looks to extend a period of rapid growth after recovering from a deadly oil spill in 2010.Lund, who also led BG Group during its acquisition by rival Royal Dutch Shell, will replace Carl-Henric Svanberg, chairman of BP for almost nine years, at the beginning of next year.The 55-year-old Lund steered Statoil through its transformation from a state oil company into a leading global player, and is likely to have to navigate BP through the succession of its veteran CEO Bob Dudley later

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