3E Intelligence

Archives for Statoil

In a recent post, we drew attention to David Strahan’s controversial prediction that “Western big oil companies are heading for liquidation”. Today, even the conservative Wall Street Journal is asking questions about the future of big oil. According to the article written by Sacha Kumaria, senior advisor to the Center for Energy Studies at Cambridge… » read more

Posted by Willy De Backer

The highly praised Shell-Statoil CCS (carbon capture and storage) project in the Norwegian Sea (Draugen) is not financially viable. That is the result of a joint feasibility study undertaken by both energy groups. The two energy companies have therefore decided to bury the project. This is the second setback in a few months for one… » read more

Posted by Willy De Backer