statoil

As a publicly listed company, Statoil was not a political entity like some other national oil companies, he said.

He has locked himself in with his dream of a better world and a jerry can from the Statoil station around the corner.

Statoil also seems to have been drawn by the prospect of working with Sinochem in the future.

No wonder then that Statoil, Norway's NOC, is generally thought to be the best of the lot.

Statoil would not speculate on whether it would be hurt by fallout from the prize.

Statoil ASA, the Norwegian oil company, said it had shut its office in the Libyan capital, Tripoli.

The bank's only such investment is in Statoil of Norway, because of its renewables focus.

"Hopefully, Statoil, Vetco and other cases like this will get other countries' attention, " said Nickerson.

Norway, after all, was a rich, efficiently administered country long before Statoil produced its first drop of oil.

Statoil could be an attractive partner because of its experience developing the big Marcellus Shale formation in the US north-east.

Also at stake could be planned co-operation between Statoil, the Norwegian oil and gas group, and Chinese energy companies.

It is one of three projects in which Statoil has a stake in Brazil.

The Norwegian oil and gas company Statoil admitted bribing an Iranian official in exchange for lucrative oil and gas rights in Iran.

The result for Statoil has been considerable energy and cost savings, as well as environmental, health and safety benefits.

Statoil still trades at a discount to the value of its assets.

China's state-owned Sinochem Group bought a 40% stake in the Peregrino field off the coast of Brazil from Statoil for $3. 07 billion in May.

In response, Norway's Statoil allowed an element of spot pricing (around 25% of oil-indexed contracts) for three years.

The price of the Statoil deal wasn't disclosed, but Reuters valued it at $80 million.

And Statoil, a large Norwegian oil and gas company, performs a similar trick at two places in the North Sea.

The oil sands have drawn, among others, France's Total and Statoil of Norway.

Mr Lund declined to comment on the Nobel dispute but insisted Statoil was "continuing to work with Chinese companies in China" .

Statoil will retain a 60 per cent stake in the project and continue as its operator.

Statoil ASA sank 5. 9 percent after Norway's biggest oil and gas company cut its production forecast.

Statoil had paid $2 billion for the entire project in 2007.

Core Technology and Innovation Strategy of Statoil Norway

Statoil China AS Beijing Representative Office