Statoil ASA News

Alberta Wildfires Spread North, Threatening Oil Sands Facilities, Workers’ Camps

Wildfires raging across northern Alberta for more than two weeks have come to within a kilometer of an Enbridge Inc. oil-sands transportation terminal as warm weather and wind spread the flames, while workers were evacuated from camps north of Fort …

Alberta Wildfires Spare Almost 90% of Fort McMurray, Canada’s Energy Hub

The massive wildfires that swept through Canada’s energy hub of Fort McMurray left almost 90 percent of the city intact, including most of the downtown core, while completely leveling some neighborhoods. “This city was surrounded by an ocean of fire …

Alberta Wildfires Set to Veer from Oil Sands Operations, Spreading More Slowly

Wildfires raging through Alberta are set to move away from the main oil-sands facilities north of Fort McMurray after knocking out an estimated 1 million barrels of production from Canada’s energy hub. A cold front scheduled to pass through the …

High Cost Hinders Progress of Carbon Capture As Climate-Change Fix

Scientists know only two credible ways to prevent temperatures from rising to dangerous levels: stop burning fossil fuels or capture and bury the carbon dioxide byproduct before it gets into the atmosphere. The second idea, known in the trade as …

Investors, Including Allianz, Mount Attack on Norway in $20 Billion Oil & Gas Row

Allianz SE, Abu Dhabi’s wealth fund and firms including Statoil ASA have mounted a multi-pronged battle against Norway to defend revenue and oil- and gas- industry projects valued at $20 billion. Owners in gas pipelines, led by Allianz and Abu …