Statoil ASA isn’t wedded to a target for production that it affirmed today as Norway’s biggest energy company seeks to balance the need to replace dwindling North Sea reserves with its obligation to create value for shareholders.
Statoil ASA, Norway’s largest energy producer, sees no need to write down the value of its portfolio of oil and gas assets in the U.S., Chief Executive Officer Helge Lund said in an interview today in Houston.
Statoil ASA , Norway’s largest oil and natural gas company, may target offshore Ghana as it seeks to expand its production abroad to counter dwindling crude output from the North Sea, its chief executive officer said.
An al-Qaeda-linked group demanding that France end its offensive against militants in neighboring Mali vowed to kill foreign workers held captive in the southern Algerian desert unless troops surrounding them pulled back.
Statoil ASA Chief Executive Officer Helge Lund said Norway’s largest oil and natural-gas company will refrain from investing in Mexico for now as the business environment for the sector is still unclear.