Torgrim Reitan

Type: Person
Name: Torgrim Reitan
First reported Apr 09 2014 - Updated Apr 09 2014 - 1 reports

Statoil ASA : awards contracts for support services within HR

Statoil has decided to outsource certain tasks within the Human Resources (HR) function, and awards two new contracts to external suppliers.The number of full time positions in Statoil in Norway that will be affected is 69, in addition to 10 positions ... [Published 4 Traders - Apr 09 2014]
First reported Mar 24 2014 - Updated Mar 25 2014 - 1 reports

Statoil may delay investment decision at Snorre field in North Sea

It has been reported that Norway's Statoil may delay an investment decision on increasing recovery of oil and gas at major North Sea field Snorre as it seeks to bring down costs. According to a senior company executive, Statoil and partners planned to ... [Published Mbendi - Mar 24 2014]
First reported Mar 20 2014 - Updated Mar 20 2014 - 5 reports

Statoil Could Postpone Investment Decision On Snorre Project

Norway ’s Statoil may delay an investment decision on its Snorre project, in the aftermath of the tax hike last year and in relation to the clear need to reduce costs. The biggest energy company in the Scandinavian country will revise the project and ... [Published Natural Gas Europe - Mar 20 2014]

Quotes

"statoil asa has long experience of outsourcing. more than 60% of the services provided today by our internal business service provider is through  external suppliers.  we will use this experience  to look after our employees in the best way" says Reitan
The choice of platform was supposed to be decided in the first quarter of 2015, followed by an investment decision at a later time. "we have to revisit the project, look at concepts and make a new evaluation" Chief Financial Officer Torgrim Reitan has told reporters...
...last year to build a new drilling and processing platform at the field to extract an extra 300M barrels of oil and extend output until ~2040. "we have to revisit the project"  CFO Torgrim Reitan says without further explanation, but STO last year postponed its Johan Castberg oil project in the Barents Sea, citing among other...

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Statoil ASA : awards contracts for support serv... [Published 4 Traders - Apr 09 2014]
Statoil may delay investment decision at Snorre... [Published Mbendi - Mar 24 2014]
Statoil Could Postpone Investment Decision On S... [Published Natural Gas Europe - Mar 20 2014]
Statoil to review Snorre recovery project, as c... [Published Seeking Alpha - Mar 20 2014]
Statoil Reviews Snorre Recovery Project on Norw... [Published Washington Post - Mar 20 2014]
Statoil says may delay investment decision at S... [Published Reuters - Mar 20 2014]
Statoil mulls delay for Snorre recovery project... [Published World Oil - Mar 20 2014]
Statoil Reviews Snorre Recovery Project on High... [Published Washington Post - Mar 20 2014]
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