Statoil

Norway's Statoil sells remaining Canadian oil sands project

Norwegian energy group Statoil said it is selling its remaining oil sands project in Canada, a decision welcomed  Thursday by environmental groups.

Norway's Statoil reports quarterly net loss of 302 million dollars

Norwegian energy group Statoil on Wednesday said lower oil and gas prices contributed to a third quarter net loss of 302 million dollars and announced it would cut investments and exploration expenditures.