Statoil Presents 2013 Performance Reports

Posted by Michelle Howard
Friday, March 21, 2014
Chief executive Helge Lund

Statoil presented on its website the company’s annual and sustainability reports for 2013, along with the US Form 20-F report.

“Our 2013 operational performance was good; with safety improvements, production as expected and strong project execution. We delivered leading exploration results and strengthened our reserve base,” states CEO Helge Lund in his introduction to the annual and sustainability reports.

Statoil recorded in 2013 the best exploration results in the industry measured in conventional volumes. The Bay du Nord discovery off the coast of Newfoundland in Canada was the world's largest conventional oil discovery by volume in 2013. In total we added 1.25 billion barrels of oil equivalent from exploration. A record high international production of 723,000 barrels of oil equivalent per day, divestments that generated revenues of more than $4 billion and a reduction in the serious injury frequency from 1.0 per million hours worked in 2012 to 0.8 per million hours worked in 2013, number among the several positive features during the previous year.

“The year was marked by the terrorist attack on In Amenas on January 16, 2013, in which forty innocent people, including five highly esteemed Statoil employees, lost their lives. The investigation report published in September 2013 revealed the need for improvements in several areas within security. We have established a specially designed security improvement program that is now well underway in implementing the report’s recommendations and ensuring they are integrated in the company’s day-to-day security efforts,” added Lund.

The sustainability report forms part of our annual reporting.

“Our sustainability reporting reflects our commitment to long-term, sustainable growth in line with the principles of the UN Global Compact.”

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NORDEN’s Dry Cargo Head Bonderup Resigns

Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company.

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Finance

Baltic Index Up for Eighth Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session,

Asia-N.Europe Box Rates up 77 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 77.4 percent to $1,206 per 20-foot container (TEU) in the week ended on Friday,

Euronav Share Buyback

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,

Energy

India's Iran Oil Imports Surge in June

India's Iran oil imports rose about 39 percent in June year on year, preliminary data obtained by Reuters shows.   In the first half of 2016 India's Iran oil

Asia Tankers-VLCC Rates Expected to Soften

MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs)

Euronav Share Buyback

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,

Maritime Security

Gulf of Guinea Piracy: More Prevalent and Sophisticated

Stuart Edmonston, Head of Loss Prevention at UK P&I Club, together with Hellenic War Risks and Terra Firma Risk Management, highlights the growth of piracy in the

Maritime Piracy: More "sophisticated and prevalent” around Gulf of Guinea

While the matter of maritime piracy has seemingly subdued from its high profile peaks of a few years ago, Stuart Edmonston, Head of Loss Prevention at UK P&I Club,

US Provides $100 Mln in Port Security Grants

Homeland Security Secretary Jeh Johnson announced final allocations of $275 million for six fiscal year 2016 U.S. Department of Homeland Security (DHS) competitive preparedness grant programs,

Maritime Safety

Gulf of Guinea Piracy: More Prevalent and Sophisticated

Stuart Edmonston, Head of Loss Prevention at UK P&I Club, together with Hellenic War Risks and Terra Firma Risk Management, highlights the growth of piracy in the

ClassNK Sets up Industry's first Digital Archive Center

ClassNK has established ClassNK Archive Center (NKAC), the maritime industry’s first onshore digital archive center that fully complies with IMO Goal-based ship

Maritime Piracy: More "sophisticated and prevalent” around Gulf of Guinea

While the matter of maritime piracy has seemingly subdued from its high profile peaks of a few years ago, Stuart Edmonston, Head of Loss Prevention at UK P&I Club,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1616 sec (6 req/sec)