Search results for: eldar-saetre

298 results

A list of search results

  • 20 October 2017

    Statoil’s chief executive Eldar Sætre has agreed to continue in his position after he turns 62 in February next year, waving his right to retire at the age of 62. 

  • 20 October 2017
    Business & Finance

    Statoil’s board of directors and Chief Executive Officer Eldar Sætre have agreed that Sætre remains the company’s CEO after he turns 62 in February 2018, and will not use his contractual right to retire at that age.

  • 23 November 2015

    The energy world is going through a period of change and oil and gas industry is facing a tough reality with an estimated 20 percent fall in global upstream investments, Statoil CEO Eldar Sætre said.

  • 17 April 2015

    Statoil and several other oil companies and nations joined together today to commit, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. CEO Eldar Sætre represented Statoil at the signing at the World Bank in Washington together with Norwegian foreign minister Børge Brende. “Meeting the target […]

  • 28 July 2015

    Norwegian oil and gas giant Statoil has reported net income of NOK 10.1 billion ($1.2 billion) in the second quarter of 2015, compared to NOK 12 billion ($1.5 billion) in the same period in 2014.  “In the second quarter, Statoil delivered encouraging operational performance with good production growth and high regularity, whilst continuing to reduce cost. […]

  • 25 June 2015

    Norwegian oil and gas giant Statoil has announced adjustments to the company’s structure and operating model. Statoil recently said it will be laying off up to 1,500 employees by the end of 2016 in an effort to “standardise, simplify and increase efficiency across Statoil”. According to Statoil, the aim is to become a more cost efficient […]

  • 23 November 2015

    Global challenges and new opportunities in the energy market will create a turning point for the industry, Statoil CEO Eldar Sætre said on Monday at the Statoil Autumn Conference 2015. In his speech to the Norwegian Prime Minister and other guests at the annual Autumn Conference, Eldar Sætre emphasized the fact that the energy world […]

  • 10 January 2018
    Authorities & Government, Project & Tenders, Research & Development

    Norway’s Statoil could participate in the country’s first floating wind tender under the condition that there are sufficient long-term subsidies, the company’s Chief Executive Eldar Saetre told Reuters.

  • 20 October 2017

    Eldar Sætre, CEO of the Norwegian oil company Statoil, will continue as CEO after he turns 62 in February 2018, and will not use his contractual right to retire at the age of 62. “It has been a wish from the board of Statoil that Eldar Sætre continues as CEO. As CEO, Eldar has successfully implemented […]

  • 20 October 2017
    Business & Finance

    Statoil’s board of directors and chief executive officer Eldar Sætre have agreed that Sætre will continue as CEO after he turns 62 in February 2018. Eldar Sætre will thus not use his contractual right to retire at the age of 62.  “It has been a wish from the board of Statoil that Eldar Sætre continues […]

  • 22 April 2015

      Statoil CEO Eldar Sætre has called for more standardization across the oil and gas industry, saying that is the key to lowering costs in the tough market of low oil prices. Sætre, appointed CEO of Norway’s biggest oil company after Helge Lund left for BG Group, said: “Some say that the secret to happiness […]

  • 12 May 2015
    Business & Finance

    Norway’s Statoil has appointed new Chief Financial Officer (CFO), and launched business area for New Energy Solutions (NES). In addition, three new Executive Vice Presidents (EVPs) are appointed as members of the Corporate Executive Committee (CEC). CFO Torgrim Reitan is appointed EVP for Development & Production USA (DPUSA) after Bill Maloney decided to not prolong […]

  • 28 October 2015

    Norwegian oil and gas giant Statoil has reported a net loss of NOK 2.8 billion ($330.7 million) in the third quarter of 2015, mainly due to net impairment charges and provisions. Statoil narrowed its losses when compared to the same period last year and a net loss of NOK 4.8 billion ($566,1M), but in the previous […]

  • 12 October 2012
    Business & Finance

    On October 11, SOCAR President Rovnag Abdullayev met with Statoil delegation led by executive vice presidents Lars Christian Bacher and Eldar Saetre. Welcoming the guests, Abdullayev emphasized that SOCAR and Statoil have a longstanding successful cooperation. Talking about the energy projects carried out in the country, SOCAR President said Azerbaijan supported South Corridor project that […]

  • 15 March 2018
    Business & Finance

    Statoil’s board of directors has proposed to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company. The name Equinor is formed by combining “equi”, the starting point for words like equal, equality and equilibrium, and “nor”, signalling a company proud of its Norwegian […]

  • 4 February 2015

    Statoil’s board of directors has appointed Eldar Sætre as new president and CEO.

  • 4 February 2015

    Statoil’s board of directors has appointed Eldar Sætre as new president and CEO.

  • 12 October 2012

    SOCAR President Rovnag Abdullayev met with Statoil delegation. They talked about energy projects carried out in Azerbaijan and expressed confidence in successful development of joint oil and gas projects. Welcoming the guests, Mr. Abdullayev emphasized that SOCAR and Statoil have a longstanding useful cooperation. Statoil delegation was led by executive vice presidents Lars Christian Bacher […]

  • 4 February 2015
    Business & Finance

    Statoil’s board of directors has appointed Eldar Sætre as new president and CEO. Sætre has been acting as president and CEO since October, and assumes the role with immediate effect. He has 35 years’ experience from Statoil and the oil- and gas industry. “Eldar Sætre was our first choice. The industry and company are facing […]

  • 27 April 2016

    Norwegian oil giant Statoil returned to profit in the first quarter of 2016 as it managed to partly offset the effects of the low oil price environment with cost cuts and impairment reversals.  Statoil’s net profit for the quarter was $607 million, compared to a $4,578 million loss in the same quarter the year before. The […]

  • 13 February 2015
    Project & Tenders

    Statoil and its partners have today submitted the Plan for Development and Operation (PDO) for Johan Sverdrup, Phase one, to the Ministry of Petroleum and Energy, Norway.  According to Statoil, the hand-over from Statoil’s chief executive officer Eldar Sætre to Minister for Petroleum and Energy Tord Lien took place today. “This is a great day. We […]

  • 17 November 2014
    Business & Finance

    “The scale of the climate challenge requires us not only to ask how we can do more, but how we can achieve the most. Climate change doesn’t stop at borders – and neither should our solutions,” says Statoil CEO Eldar Sætre at the Statoil Autumn Conference. “We need a global approach that stimulates technology innovation,” […]