Statoil

      For the pre-merger company, see History of Statoil (1972–2007).
      Statoil ASA
      Type Allmennaksjeselskap
      Traded as OSE: STL, NYSE: STO
      Industry Oil and gas
      Founded 14 June 1972
      Headquarters Stavanger, Norway
      Key people Helge Lund (CEO), Svein Rennemo (Chair)
      Products Petroleum
      Natural gas
      Petrochemicals
      Electrical power
      Revenue NOK 670.20 billion (2011)[1]
      Operating income NOK 211.78 billion (2011)[1]
      Profit NOK 78.78 billion (2011)[1]
      Total assets NOK 768.60 billion (2011)[1]
      Total equity NOK 278.91 billion (2011)[1]
      Employees 23,000 (2013)[2]
      Website www.statoil.com
      Old logo

      Statoil ASA, (OSE: STL), is a Norwegian multinational oil and gas company headquartered in Stavanger, Norway. It is a fully integrated petroleum company with operations in thirty-six countries. By revenue, Statoil is ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the twenty-sixth largest company, regardless of branch, by profit in the world.[3] The company has about 23 000 employees.[2]

      Statoil was formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro.[4]

      Per 2013, the Government of Norway is the largest shareholder in Statoil with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy.[5] Even though the company is headquartered in Stavanger, the company's office in Bærum has corporate functions and leads the international operations.[6]

      Operations

      Upstream oil, gas, and biofuel operations

      See also: Statoil operations by country

      Statoil is the largest operator on the Norwegian continental shelf, with 60% of the total production. The fields operated are Brage, Heimdal, Grane, Glitne, Gullfaks, Heidrun, Huldra, Kristin, Kvitebjørn, Mikkel, Njord, Norne, Ormen Lange, Oseberg, Sleipner, Snorre, Snøhvit, Statfjord, Sygna, Tordis, Troll, Veslefrikk, Vigdis, Visund, Volve and Åsgard. The company also has processing plants at Kolsnes, Kårstø, Mongstad, Tjeldbergodden and Melkøya.

      In addition to the Norwegian continental shelf, Statoil operates oil and gas fields in [Australia],Algeria, Angola, Azerbaijan, Brazil, Canada, China, Libya, Nigeria, Russia, United States and Venezuela. Statoil has offices that are looking for possible ventures in the countries of Mexico, Qatar and the United Arab Emirates. The company has processing plants in Belgium, Denmark, France and Germany. In 2006, Statoil was approved to implement the world's largest carbon sequestration project as a means to mitigate carbon emissions to the atmosphere.[citation needed]

      Statoil is a signatory participant of the Voluntary Principles on Security and Human Rights.

      In September 2007, Statoil and the Brazilian oil company Petrobras signed a deal aimed at expanding exploration, sub-sea and bio-fuels cooperation. After the merger with Hydro, Statoil became a partner in Brazil's offshore Peregrino oil field, which came on-stream in 2011. Under the agreement Statoil became a partner on six offshore licenses, as well as expanding biofuels production. Petrobras and Statoil announced plans to create dozens of refineries in Brazil and the rest of the world where vegetable oil will be added to crude to create a no-sulphur fuel.

      On 4 March 2008, Statoil bought Anadarko Petroleum Corporation's 50% share of the Peregrino oil field for 1.8 billion USD.[7] At the time of acquiring the license, the field's recovery factor was estimated to be 9%. However, with the current reservoir depletion plan of the field calling for the use of produced water injection and rock compaction, Peregrino's recovery factor has increased to 20%.[8] On 24 May 2010, Statoil sold a 40% stake in the Peregrino field to Sinochem, the Chinese state-controlled oil company, for a cash sum of $3.07 billion, but retained 60% and the operatorship.

      On 7 April 2010, Statoil announced finding oil and gas reserves in the Fossekall prospect just north of the Norne oil field in the Norwegian Sea. The proved recoverable oil resources were provisionally estimated at between 37 and 63 million barrels (5,900,000 and 10,000,000 m3), while the volume of associated and free gas was estimated at between 1 to 3 billion standard cubic metres.[9]

      In May 2010, Noble Energy, Inc., operator of the Deep Blue exploration well on Green Canyon 723 in the deepwater Gulf of Mexico successfully reached a depth of 32,684 feet (9,962 m). Statoil holds a 15.625 per cent interest in the Deep Blue well.[10]

      In April 2011, Statoil announced a large new find at the Skrugard prospect in the northern Norwegian Sea (Barents Sea in Statoil terminology) north of the Snøhvit field off Hammerfest. The find was seen as a key find as it could lead to more finds in the region[11]

      In September 2011 the company announced a large new find at its Aldous Major South prospect on the Norwegian continental shelf. It later amended its estimates up to between 900 million and 1.5 billion barrels of recoverable oil, making it one of the largest ever finds on the shelf.[12] The discovery was made less than 10 feet (3 metres) from where Elf Aquitaine had drilled a dry well in 1971.[13]

      In June 2013 announced a Statoil funded joint venture with Petrofrontier Corp. in Australia. Petrofrontier's Georgina Basin shale oil and gas bearing structures consistent with other producing areas in Australia and North America. Statoil joins Hess, Santos, Total S.A. and other multi-national oil companies in Australia's Northern Territory Basins. Statoil capital commitment to Petrofrontier $175Million [14]

      Heritage Oil owns approx. 20% of Petrofrontier.[15]

      Pipeline operations

      Statoil is involved in a number of pipelines, including Zeepipe, Statpipe, Europipe I and Europipe II, and Franpipe from the Norwegian continental shelf to Western Europe in addition to the Baku-Tbilisi-Ceyhan pipeline in Central Asia. The pipelines from Norway are organized through Gassled.

      The company has trading offices for crude oil, refined petroleum products and natural gas liquids in London, Stamford and Singapore.

      Retail station operations

      Statoil is operator of Statfjord in the Norwegian North Sea
      Main article: Statoil Fuel & Retail

      The company operated three brands of fuel stations: Statoil, Hydro and 1-2-3. Statoil operated petrol station services in Denmark, Estonia, Ireland, Latvia, Lithuania, Norway, Poland, Russia and Sweden. Some fully automated stations are branded 1-2-3. In Sweden the company also operated Hydro stations. In total Statoil had about 2,000 fuel stations. In mid-2008, Statoil service stations in the Republic of Ireland began to rebrand as Topaz, following the acquisition of the company in 2006 by Irish oil firm Topaz Energy Group.

      In first quarter of 2010, Statoil ASA decided to have a new ownership structure for the retail operation.[16] Statoil ASA staid the main shareholder in the new company, Statoil Fuel & Retail ASA. On April 18, 2012 it was announced that Alimentation Couche-Tard will buy Statoil Fuel & Retail for $2.8 billion.[17]

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      History

      The heritage of Statoil derives from the three major Norwegian petroleum companies Statoil, Norsk Hydro and Saga Petroleum (the latter two merged in 1999).

      Statoil

      See also History of Statoil (1972–2007).

      Den Norske Stats Oljeselskap A/S was founded as a private limited company owned by the Government of Norway on July 14, 1972 by a unanimous act passed by the Norwegian parliament Stortinget. The political motivation was Norwegian participation in the oil industry on the continental shelf and to build up Norwegian competency within the petroleum industry to establish the foundations of a domestic petroleum industry. Statoil was required to discuss important issues with the Minister of Industry, later Minister of Petroleum and Energy. Statoil was also required to submit an annual report to the parliament.

      In 1973 the company started work acquiring a presence in the petrochemical industry. This resulted in the development of processing plants in Rafsnes and, in partnership with Norsk Hydro, the Mongstad plant in 1980. In 1981 the company acquired, as the first Norwegian company, operator rights on the Norwegian continental shelf on the Gullfaks field. 1987-88 saw the largest scandal in the companies history, the Mongstad scandal that made the until then unassailable CEO Arve Johnsen withdraw.

      In the 1980s Statoil decided to become a fully integrated petroleum company and started building the Statoil fuel station brand. The stations in Norway originated as Norol stations while the stations in Denmark and Sweden were purchased from Esso in 1985, while the stations in Ireland were purchased from British Petroleum in 1992 and ConocoPhilips Jet in the mid '90s, then sold by Statoil to Topaz Oil in 2006. Statoil also built up a network of stations in part of Eastern Europe in the 1990s.

      In 1991 a controversy arose between Statoil and local environmentalists, mainly from Natur og Ungdom and Friends of the Earth Norway, who protested the building of a new research and development centre at Rotvoll in Trondheim, Norway, wetlands area close to the city with significant bird life. The controversy climaxed with civil disobedience by the environmentalists, but the centre was still built.[citation needed]

      The company was privatised and made a public limited company (allmennaksjeselskap) in 2001, becoming listed on the both the Oslo Stock Exchange and the New York Stock Exchange. At the same time it changed its name to Statoil ASA. The government retained 81,7% of the shares. Through further privatization in 2004 and 2005 the government's share was reduced to 70,9%.[18]

      The Statoil/Horton case refers to the company's use of bribes in Iran in 2002–2003 in an attempt to secure lucrative oil contracts in that country. This was mainly achieved by hiring the services of Horton Investments, an Iranian consultancy firm owned by Mehdi Hashemi Rafsanjani, son of former Iranian President Hashemi Rafsanjani. Horton Investments was paid USD 15.2 million by Statoil to influence important political figures in Iran to grant oil contracts to Statoil. The corruption scandal was uncovered by Norwegian paper Dagens Næringsliv on September 3, 2003.[citation needed]

      Wikinews has related news: Norway purchases Canadian oil sands company

      In 2007 Statoil bought a large area in the Athabasca oil sand field in Canada after purchasing North American Oil Sands Corporation for USD 2.2 billion. (In 2012, Statoil had 4 oil sand licences (oljesandlisensene ) as part of the Kai Kos Deh Seh project: Leismer, Corner, Hangingstone and Thornberry.[19])

      Hydro

      Main article: Hydro Oil & Gas

      In 1965 Hydro joined Elf Aquitaine and six other French companies to form Petronord to perform search for oil and gas in the North Sea. Hydro soon became a large company in the North Sea petroleum industry, and also became operator of a number of fields, the first being Oseberg.[citation needed]

      Hydro acquired in the late 1980s the Mobil service stations in Norway, Sweden and Denmark, changing their name to Hydro. In 1995 Hydro merged its stations in Norway and Denmark with the Texaco, creating the joint venture HydroTexaco. The service station chain was sold in 2006 to Reitangruppen. In 1999 Hydro acquired Norway's third largest petroleum company Saga Petroleum, who had major upstream operations primarily in Norway and the United Kingdom. The British operations were later sold.[citation needed]

      Merger

      The logo of StatoilHydro
      The New York Stock Exchange on June 20, 2011, on the 10th anniversary of when Statoil's shares were listed.

      The merger proposal was announced in December 2006.[20] Under the rules of the EEA the merger was approved by the European Union on May 3, 2007[21] and by the Norwegian Parliament on June 8, 2007.[22] Statoil's shareholders hold 67.3% of the new company, with Norsk Hydro shareholders owning the remaining 32.7%.[21] The Norwegian Government, the biggest shareholder in both Statoil and Norsk Hydro, holds 67% of the company.[23]Jens Stoltenberg, the Norwegian Prime Minister commented that he views the merger as "the start of a new era. We are creating a global energy company and strengthening Norway’s oil and gas industry."[24]

      It has been noted within the analyst community that a proposal will create an entity with much more competitive strength versus its much larger European rivals, including BP, Total and Shell, while also increasing the ability of the company to make strategic acquisitions, particularly in the Gulf of Mexico.[25] It is the ninth largest oil company in the world, and would be the 48th largest company in the world on the current Fortune Global 500 list with a revenue of NOK 480 billion.[26]

      The company's management team was initially to be led by President and CEO Helge Lund (who previously held the same posts at Statoil), with Eivind Reiten, the President and CEO of Hydro, acting as Chairman.[20] However, Eivind Reiten decided to resign as chairman three days after the merger because of a possible corruption case in Hydro's former oil division. The Vice-Chair and former Minister of Petroleum and Energy Marit Arnstad served as chairperson until 1 April, when Svein Rennemo took up the post on a permanent basis after resigning as the CEO of the Norwegian oil services company Petroleum Geo-Services (PGS).

      To reflect a merger of two companies and with regards of the minor partner, Hydro, it was decided that the joint company should be given a new name. An actual new name was not decided upon at the time of the merger, and StatoilHydro was created for temporary usage only. The firm announced its intention to revert to the name Statoil ASA, and this was approved by the Annual General Meeting in May 2009.[27] The name was changed on 2 November 2009[28]

      The Norwegian state's share of the company after the merge was initially 62,5%. As a parliamentary decision in 2001 said it was a goal that the government should own 67% of Statoil it was announced that the Norwegian government intended to increase its share. In 2009, it was announced that the Norwegian state had reached its goal of obtaining 67% of Statoil's share.[18]

      Divestment

      In early June 2011, Statoil ASA has divested 24.1% shares in Gassled joint venture for NOK 17.35 billion ($3.25 billion) to Solveig Gas Norway AS and still has 5% shares in the partnership.[29]

      Expansion of resources

      Two large oil reserves, estimated to contain 700 million to 1.5 billion barrels of recoverable oil equivalents, were announced in 2011 and 2012. This included a new discovery in the North Sea of 500 million to 1.2 billion barrels and a find in the Havis Prospect of the Barents Sea of 200 to 300 million barrels of oil.[30]

      In 2011, Statoil bought Brigham Exploration for $4.4 Billion to gain access to its oil shale operations in North Dakota's Bakken formation.[31] In 2012, Statoil sent 45,000 barrels of oil per day by rail cars from North Dakota.[32][33]

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      Corruption

      Trial against Statoil consultant and two accomplices in 2011

      A Statoil consultant and 2 others were tried in November 2011, for having received Norwegian kroner 7 million, in exchange for contracts and payments totaling Norwegian kroner "several tenfold" millions.[34]

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      Controversies

      Corrib gas project

      Main articles: Corrib gas project and Corrib gas controversy

      Statoil is a partner of Royal Dutch Shell in the Corrib gas project, which entails developing a natural gas field off the northwest of Ireland. The project has proved controversial with some Irish residents. In the summer of 2005, five men from County Mayo were jailed for contempt of court after refusing to obey a temporary court injunction forbidding them to interfere with work being undertaken on their land. The ensuing protests led to the Shell to Sea campaign that opposes the project.[citation needed]

      Wikinews has related news: North Sea oil spill is Norway's second worst

      Management of art collection

      The Statoil Art Programme, which was founded in the mid-1980s, has allegedly had its management breaching the ethical guidelines of International Council of Museums (ICOM), according to one of Aftenposten's resident critics of art/architecture, as of October 2010.[35]

      North Sea

      In March 2011, Statoil halted work on two North Sea oil field projects because of higher taxes in the U.K. budget.[36] In May 2011 they hired former MI6 chief John Scarlett as a strategic advisor.[37]

      Charges of unethical practices in Athabasca

      In 2012, a British company (Ecclesiastical Investment) announced that they were selling their stake in Statoil, as a result of perceived unethical practices related to Athabasca oil sands projects.[38]

      Arctic

      See also: Arctic shrinkage, Arctic methane release, and Petroleum exploration in the Arctic

      Rosneft and Statoil made the Arctic exploration deal in May 2012. It is the third deal Rosneft has signed in the past month, after Arctic exploration agreements with Italy's Eni and US giant Exxon Mobil.[39]

      According to Greenpeace the Arctic is under threat from both climate change and increased oil drilling. Arctic oil drilling is a dangerous, high-risk enterprise and an oil spill under these icy waters would allegedly have a catastrophic impact on one of the most pristine, unique and beautiful landscapes on earth.[40][41]

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      Environmental record

      Statoil and Shell were planning on building a gas-fired powerplant in Norway that would infuse CO2 underground or beneath the seabed, but they discarded the plan due to economic reasons.[42]

      Statoil has injected CO2 into the Utsira formation on the Sleipner gas field for environmental storage purposes since 1996. Natural gas containing approximately 8.5% CO2 is produced on the Sleipner Vest field. The gas is transported to the Sleipner Treatment platform, where the CO2 is removed. The gas is exported to the UK, Germany and Belgium, and the CO2 is injected into the Utsira formation.[43]

      The world's first operational deep-water floating large-capacity wind turbine is the Hywind, launched by Statoil in 2009.[44] The 2.3 MW turbine can be anchored in water 120–700 m deep. It will be tested off the coast of Norway for two years.[45][46] The 120-meter-tall tower with a 2.3 MW turbine was towed 10 km offshore into the Amoy Fjord, in 220-meter-deep water, off of Stavanger, Norway on 2009-06-06 for a two-year test run.[47] The unit became operational in the summer of 2009,[48] and was formally inaugurated on 8 September 2009.[49][dated info]

      The Hydrogen Technologies division, located in Notodden in the county of Telemark, is widely regarded[by whom?] as a world leader in alkaline electrolysis technology, used to generate hydrogen and oxygen from water.[citation needed] When powered by clean, renewable energy sources, hydrogen represents an alternative energy storage medium that could one-day fill the void created when the world's fossil-fuel reserves have been fully depleted.[citation needed]

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      Sponsorship

      Statoil sponsors talents in art, education and sports through the program Morgendagens helter (Tomorrow's heroes).[50]

      Two musical prizes are included in the program.[51] As of 2013, the grant for both awards is of 1 million Nkr (about USD 166 000). The Statoil classical music award has been awarded since 1999. The Statoil stipend to a Norwegian pop/rock artist or group has been awarded since 2008 during the by:Larm festival and is meant to stimulate an international career.[52][53]

      The program also includes an art prize, Statoils kunstpris, that has been awarded every second year since 2007 to a talented artist in Norway. The grant is 500,000 Nkr (about US 83 000) which makes it Norway's largest prize of its kind.[54]

      Sponsorship for sports included support for football and skiing. Sponsorship for education focuses on natural sciences and included a yearly competition for high school students in Norway where Statoils realfagspris is awarded.[55]

      Statoil was an official sponsor of the FIS Nordic World Ski Championships 2011 that was held in Oslo.[56]

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      References

      1. ^ a b c d e "Annual Report 2010". Statoil. Retrieved 13 April 2011. 
      2. ^ a b This is who we are Statoil.com, retrieved 14 May 2013
      3. ^ "The Global 2000". Forbes. 2013-05-28. 
      4. ^ Offshore247 (2007-05-10). "StatoilHydro signature unveiled". Retrieved 2007-06-20. 
      5. ^ "The Norwegian state". Statoil. Retrieved 2011-10-21. 
      6. ^ Statoil ASA (Norwegian) Store norske leksikon, retrieved 14 May 2013
      7. ^ Statoil Buys Anadarko Projects for 2.1 Billion, CNBC.com, 4 March 2008
      8. ^ Doubled Reserves in Peregrino, Statoil Press News & Media - 2007
      9. ^ Statoil Reports Oil And Gas Discovery Just North Of Norne, Scandinavian Oil & Gas Magazine, 7 April 2010
      10. ^ Noble Energy Announces Status of Deep Blue Exploration Well PR Newswire 11 May 2010
      11. ^ http://www.worldoil.com/Major_oil_discovery_in_the_Barents_Sea.html
      12. ^ Damian Kahya (2011-10-13). "Statoil doubles estimated size of North Sea find". bbc.co.uk. Retrieved 2011-10-21. 
      13. ^ "Norway's Biggest Oil Find Since ‘80s Sends Lundin to Record". businessweek.com. 2010-12-30. Retrieved 2011-10-21. 
      14. ^ million.http://www.newswire.ca/en/story/1181481/petrofrontier-corp-announces-statoil-to-fully-fund-a-us-50-million-2013-2014-exploration-program-in-the-southern-georgina-basin
      15. ^ http://www.heritageoilplc.com/our-operations.aspx
      16. ^ [1] Statoil opens for new ownership structure, Statoil.com, Published 2010-02-03, 08:31 CET. Updated 2010-02-03, 15:52 CET
      17. ^ Koranyi, Balazs (2012-04-18). "Canada's Couche-Tard to buy Statoil Fuel for $2.8 billion". Reuters. 
      18. ^ a b Eirin Larsen (13 May 2013): – Staten bør selge seg ut av Statoil (Norwegian) NRK, retrieved 14 May 2013
      19. ^ Hilde øvrebekk Lewis (2012-02-20). "Statoil Vil for more oil sands" (in Norwegian). Aftenposten. 
      20. ^ a b Norsk Hydro (2006-12-18). "Hydro's oil and gas activities to merge with Statoil". Retrieved 2007-06-20. [dead link]
      21. ^ a b EU Business (2007-05-03). "EU regulators approve Statoil, Norsk Hydro merger". Retrieved 2007-06-20. 
      22. ^ Ocean Resources (2007-06-11). "Okays Statoil-Hydro Merger". Archived from Norwegian Parliament the original on 2007-11-22. Retrieved 2007-06-20. 
      23. ^ Statoil (10). "Top 20 shareholders". Retrieved 2010-09-17. 
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      25. ^ Wall Street Journal (2006-12-19). "Statoil, Norsk Hydro Create an Energy Behemoth". The Wall Street Journal. Retrieved 2007-06-20. 
      26. ^ E24 (2006-12-19). "Blant verdens 50 største". Retrieved 2007-10-18. 
      27. ^ "Annual general meeting held in StatoilHydro ASA" (Press release). Hugin. 19 May 2009. Retrieved 2009-05-19. 
      28. ^ "StatoilHydro becomes Statoil" (Press release). Statoil. 2 November 2009. Retrieved 2009-11-24. 
      29. ^ "Statoil to divest in Gassled". Reuters.com. 2011-06-06. Retrieved 2011-10-21. 
      30. ^ Adams, Beckett (2012-01-10). "Massive Oil Deposit Discovered in Arctic Region". The Blaze. Retrieved 2012-01-11. "Norway’s Statoil said Monday it has discovered a large oil reserve in the Barents Sea, its second major oil find in the Arctic region in less than a year. The state-controlled oil company said a well drilled in the Havis prospect in the Barents Sea proved both oil and gas at an estimated volume of between 200 million and 300 million barrels of recoverable oil equivalents. Last April, Statoil said it had discovered between 150 million-250 million recoverable barrels of oil equivalents in the nearby Skrugard prospect. The company has received a huge boost to its reserves in the past year. In August, it announced the biggest find in the Norwegian continental shelf in 30 years with a massive discovery of 500 million to 1.2 billion barrels of oil in the North Sea." 
      31. ^ Statoil Buys Brigham Exploration for $4.4 Billion Cash to Gain Oil Shale
      32. ^ "Statoil Using Rails to Ease Bottleneck"
      33. ^ "Statoil to begin transporting Bakken crude from North Dakota by rail to overcome limited pipeline capacity; more than 1,000 cars for unit trains" picture
      34. ^ Ånestad, Morten (2011-10-6). "Falske fakturaer i fleng". Dagens Næringsliv. p. 17. "Forholdet de er tiltalt for skal ha foregått over 7 år, fra 2003 til 2010. Tilsammen skal hovedmannen, en innleid Statoil-konsulent, ha mottatt over syv millioner kroner i bestikkelser. Motytelsen var kontrakter og utbetalinger på flere titall millioner kroner fra Statoil til et selskap de to andre er knyttet til. — To av tre erkjenner straffeskyld. — Saken er den største korrupsjonssaken siden Statoils Horton-sak" 
      35. ^ Aftenposten, 2010-10-24 page 15: From the article "Diskutabel kunstvirksomhet"(Translation: Debatable art-activities) by Lotte Sandberg: "... Dobbeltrollen strider mot ICOM(det internasjonale museumsforbundets) etiske regelverk"
      36. ^ Statoil halts North Sea oil projects, Rowena Mason, The Telegraph, 30 March 2011
      37. ^ Spy chief behind 'dodgy dossier' gets top Iraq oil job, Daniel Martin, The Daily Mail, 23 May 2011
      38. ^ http://www.aftenposten.no/okonomi/Etisk-fond-trekker-seg-ut-av-Statoil-6783966.html
      39. ^ Rosneft and Statoil in Arctic exploration deal 6 May 2012
      40. ^ The Arctic is under threat from both climate change and increased oil drilling
      41. ^ The dangers of Arctic oil
      42. ^ "Statoil, Shell shelve Draugen field CO2 injection | Environment". Reuters. 2007-06-29. Retrieved 2011-10-21. 
      43. ^ Technology as a driving force in climate policy (Bjørn-Erik Haugan, Cicerone, Number: 6. pp.8-9. 2005) [3]
      44. ^ Ramsey Cox (February/March 2010). "Water Power + Wind Power = Win!". Mother Earth News. Retrieved 2010-05-03. 
      45. ^ Madslien, Jorn (5 June 2009). "Floating wind turbine launched". BBC News. Retrieved 2009-06-05. 
      46. ^ "Hywind floating wind turbine". StatoilHydro. 2009-05-15. Retrieved 2009-06-05. 
      47. ^ Patel, Prachi (2009-06-22). "Floating Wind Turbines to Be Tested". IEEE Spectrum. Retrieved 2009-06-25. 
      48. ^ Madslien, Jorn (2009-09-08), Floating challenge for offshore wind turbine, BBC News, retrieved 2010-03-28 
      49. ^ "Technip and StatoilHydro Announce Inauguration of World's First Full-Scale Floating Wind Turbine". OilVoice. 2009-09-13. Retrieved 2009-03-28. 
      50. ^ Kunstnerforbundet (20 November 2009): Statoils nominasjonsutstilling kunstnerforbundet.no, retrieved 15 May 2013
      51. ^ Fred Olav Vatne (19 November 2012): Millionen som deler musikk-Noreg (Norwegian) NRK, retrieved 15 May 2013
      52. ^ Nina Berglund (20 February 2012): Bernhoft wins Statoil stipend News in English, retrieved 12 May 2013
      53. ^ Guro Havrå Bjørnstad: Vant en million kroner - igjen (Norwegian) Dagbladet, retrieved 12 May 2013
      54. ^ Thea Steen (2 November 2011): Her er de nominerte til Statoils kunstpris 2011 (Norwegian) Dagbladet, retrieved 15 May 2013
      55. ^ Ragnhild Lunner (11 May 2012): Her er vinnerne av Statoils realfagspris (Norwegian) Teknisk Ukeblad, retrieved 14 May 2013
      56. ^ "Oslo 2011 enjoys great sponsor interest, Statoil". FIS 23 December 2009 article accessed 25 December 2009.
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      Coordinates: 58°53′30.48″N 5°43′2.82″E / 58.8918000°N 5.7174500°E / 58.8918000; 5.7174500

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      Last modified on 20 June 2013, at 02:22