Statoil

Statoil Shelves Massive Oilsands Project

CP | Lauren Krugel, The Canadian Press | Posted 11.26.2014 | Canada Alberta

CALGARY - Statoil has put its Corner oilsands project on hold for at least three years as it grapples with rising costs.The decision means about 70 jo...

Big New Oil Find Off Canadian Shores

CP | Sue Bailey, The Canadian Press | Posted 11.26.2013 | Canada Business

ST. JOHN'S, N.L. - News of a major oil find off Newfoundland was welcomed Thursday in a province that leans heavily on offshore earnings although pote...

Statoil Strikes Black Gold Off Newfoundland

CP | The Canadian Press | Posted 08.19.2013 | Canada Business

ST. JOHN'S, N.L. - Statoil is evaluating a new discovery of high-quality oil off the coast of Newfoundland, about 500 kilometres northeast of St. John...

The Russians Are Coming Too

Diane Francis | Posted 12.29.2012 | Canada Politics
Diane Francis

Sovereign-owned or controlled enterprises (SOEs) from questionable countries have no business in the boardrooms of Canada or other free enterprise nations. This concern about SOEs is not just about China. Russia is another questionable regime with companies investing here and all over the world that are owned by The Kremlin or by oligarchs who answer to it.

Eastern Giant Joins The Feeding Frenzy In Alberta

CP | Mike Blanchfield, The Canadian Press | Posted 05.19.2012 | Canada Business

BANGKOK - Add one more Asian suitor to Western Canada's resource-rich energy sector: Thailand wants to buy a major natural gas asset there.The head of...

Energy Giant Pleads Guilty To Oil Sands Environmental Violations

CP | Bob Weber, The Canadian Press | Posted 10.17.2011 | Canada

EDMONTON - An Edmonton court has been told that Norwegian energy giant Statoil will admit to at least some environmental infractions in relation to it...

North Sea Oil Find Largest In 30 Years

CP | Posted 10.16.2011 | Canada Business

OSLO - Norway's Statoil received a huge boost in reserves when the company announced Tuesday that two previous North Sea oil discoveries are connected...