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 Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Marad Visits TX Maritime Technology & Training Center

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD),

ISS Announces CEO Transition

Captain Claus Hyldager yesterday decided to step down as the Chief Executive Officer of Inchcape Shipping Services (“ISS”).    The current Chief Financial Officer,

CME Lifts Force Majeure for all Illinois River Grain Terminals

CME Group has lifted its declaration of force majeure at all Illinois River terminals that are regular for Chicago Board of Trade corn and soybean futures delivery,

Finance

Asia to Northern Europe Shipping Rates Jump 177%

Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday,

FURUNO of Japan Increases Investment in ENL

ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

Energy

S.Africa Considering Ship-Based Power Generation

South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.

Asian Nations Call for Stop to South China Sea Land Work

Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining

Koole Expands Rotterdam Operations

Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP.   The companies have a long-standing relationship.

Maritime Security

Southeast Asia Turns into a Piracy Hot Spot

According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015.

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

Asian Nations Call for Stop to South China Sea Land Work

Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining

Maritime Safety

Southeast Asia Turns into a Piracy Hot Spot

According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015.

Marad Visits TX Maritime Technology & Training Center

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD),

Asian Nations Call for Stop to South China Sea Land Work

Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Port Authority Ship Repair Ship Simulators Winch
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: 0.1942 sec (5 req/sec)