EnergyWatch

Statoil will take bigger risks in Norway in the hunt for new oil discoveries

Statoil is intensifying its search for new oil fields both on the Norwegian shelf and globally, reports Norwegian media Dagens Næringsliv. The company plans to take bigger risks and hopes to break from the trend of small discoveries.

Statoil intensiverer jagten på ny olie i Norge og nye kæmpefund som Johan Sverdrup (billedet). Photo: PR-foto: Statoil

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Statoil books best quarter in four years

The stable and recently rising oil price has spelled good news for Norwegian giant Statoil, which emerged from the first quarter with strong revenue. (Article updated)

Ørsted takes over British battery project

The Danish utility wants to join the club of battery owners in the UK and will now follow in the footsteps of firms such as Centrica, EDF and E.on, as the firm plans to have a 20 MW project near Liverpool.

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