Statoil Publishes Annual and Sustainability Report for 2012

Press Release
Friday, March 22, 2013

Statoil (OSE:STL, NYSE:STO) published the group's Annual and Sustainability Report for 2012 on its website, 22 March, as well as its US Annual Report and accounts on Form 20-F.


"During 2012, Statoil made good operational and strategic performance. We increased our production by 8% in 2012, in line with the target we announced in 2011, and financial results and cash flows were solid," writes chief executive Helge Lund in his introduction to the annual and sustainability report.

 

Statoil continued its strong exploration performance, adding more than 1.5 billion barrels in new resources in 2012, its best result in more than a decade. In addition the company secured access to new acreage that will be important for the long term development of Statoil.


"Safe, secure and efficient operations remain our key priorities. Over the past years we have made good progress and our strong performance continued in 2012. However, in January 2013 we experienced great sorrow. Five of our esteemed colleagues lost their lives in the terrorist attack on the In Aménas gas facility in Algeria. Our thoughts and sympathies are with everyone affected by this tragedy. Maximising learning from this incident will be a key priority for Statoil in 2013 and beyond," writes Lund.


Statoil's annual report presentation this year features an interactive feature which enables users to further analyse the company's performance in a range of dimensions. Our sustainability reporting is also integrated in the report. "This reflects our commitment to long-term, sustainable growth in line with the principles of the UN Global Compact," Lund writes.




 

 

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

London, Brazil Terminals Boost DP World Container Volumes

DP World , one of the world's biggest port operators, said on Thursday that its gross container volumes rose 10.7 percent from a year earlier in the first half of 2014.

Abu Dhabi Ports Shift Far More Breakbulk Cargo

Abu Dhabi Ports Company (ABPC) says that general cargo moving through Abu Dhabi’s commercial Ports has increased by 37% this year. ADPC’s commercial ports (Musaffah,

U.S. Naval Academy: New Superintendent

The U.S. Naval Academy (USNA) has held a change of command ceremony in Annapolis, Maryland, where Vice Adm. Walter E. "Ted" Carter Jr. relieved Vice Adm. Michael Miller,

Offshore

2545 Candidates Vie for 11 Positions in Maersk Drilling

2545, that is exactly how many applicants applied for the 11 MITAS engineer positions available in Maersk Drilling in 2014. The Maersk International Technology and Science Programme,

GDI Awards N-KOM US$110-M Contracts

Gulf Drilling International (GDI) Limited, a subsidiary of Gulf International Services (GIS), the largest oilfield service company in Qatar, has awarded two contracts

Statoil Awarded Licence Offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence.

Finance

Seadrill Bondholders: Majority Accept Conversion Offer

Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding

General Dynamics Reports 2Q 2014 Earnings

General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter

Trading Dutch Well Placed to Pursue Russia Sanctions

The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly

Energy

Semco and PV Join Forces for Rig Upgrade

Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia - Vung Tau Rig Services. The initiative

Statoil Awarded Licence Offshore Colombia

Statoil has been awarded interest in the COL4 licence offshore Colombia in the Caribbean Sea in the 2014 Colombia Licensing Round. Statoil will hold 33,33% in the licence.

Gazprom to Extend Gas Supplies from Kazakhstan

Astana hosted today a working meeting between Alexander Medvedev, Deputy Chairman of the Gazprom Management Committee and Uzakbai Karabalin, Minister of Oil and Gas of the Republic of Kazakhstan.

 
 
Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1737 sec (6 req/sec)