EnergyWatch

Statoil sells dirty business at a huge loss

The Norwegian oil giant bids farewell to its controversial oil sands projects in Canada and takes significant write-downs.

Photo: Greepeance

Statoil's decade-long oil venture in the Canadian oil sands is over.

The company has revealed in a press release that it has sold out of its assets in the expensive and environmentally destructive oil production.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vattenfall secures public funding for hydrogen venture in the UK

By producing hydrogen directly from turbines, the utility wants to reduce energy loss and save money. The company has just received state subsidies to develop the first turbine of this kind in the UK, providing a much more efficient solution than other alternatives, says CEO Anna Borg.

Further reading

Related articles

Latest News

See all jobs