Category Archives: Blog

Statoil Markets

Natural gas produced is exported via pipelines through the Gassled system from Norway to European markets (which Statoil has a 32.1% ownership in). The majority of gas produced, around 80% to 90%, is sold through long-term contracts to large European gas utility companies and suppliers. The remaining gas is traded on the spot market and […]


OPEC is an intergovernmental Organization that was formed in 1960. It was set up as a reaction to an international oil market dominated by ‘Seven Sisters’ multinational companies. Based on the ‘inalienable right of all countries to exercise permanent sovereignty over their natural resources in the interest of their national development’ The four founding members […]

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