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State-controlled Norwegian oil company StatoilHydro ASA was forced to shut down its Statfjord C offshore oil platform Friday after it leaked water contaminated by oil into the North Sea.
State-controlled Norwegian oil company StatoilHydro ASA announced plans Wednesday to cut its 2009 costs by 1.5 billion kroner ($215 million) to adjust to weaker market conditions amid the world economic downturn and lower crude prices.
Norwegian state-controlled oil company StatoilHydro ASA on Thursday temporarily shut down its Kristin natural gas field after tests revealed problems with a new type of lifeboat installed to help crew escape in emergencies.
State-controlled oil company StatoilHydro ASA on Monday announced the appointment of three senior executives after a corruption investigation into Libyan oil contracts forced out two top managers.
Norwegian oil company StatoilHydro ASA on Monday reported its net profit fell by more than half in the third quarter due largely to a high tax bill triggered by currency exchange rates.
Norwegian oil company StatoilHydro ASA said Friday that it had struck natural gas near its Snoehvit offshore field in the Barents Sea.
Norwegian oil company StatoilHydro ASA says it has halted oil and gas production on a North Sea platform after a fire broke out.
US Embassy in Azerbaijan a Terror TargetBAKU, Azerbaijan (AP) - The U.S. and British embassies suspended operations Monday in Baku, where the government said it thwarted a radical Islamic group's plot to conduct a ``large-scale horrifying terror attack'' against diplomatic missions and government buildings.
A Quest for Energy in the Globe's Remote PlacesAs global demand soars and prices rise, energy companies are going to the ends of the earth to find new supplies.
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