Statoil Eyes Artic Oil Terminal As Norway Crude Biz Grows

Law360, New York (February 13, 2013, 3:25 PM EST) -- Energy giant Statoil ASA is set to build a floating terminal and new pipeline infrastructure on Norway's Arctic coast to process oil extracted from a pair of Barents Sea gas finds and bolster the country's budding oil and gas economy, the company said Tuesday.

The development will focus on oil from the Skrugard and Havis fields, expected to go operational in 2018. Under the plans it unveiled, Statoil will build a 175-mile pipeline to connect the Skrugard and Havis drilling to a new processing terminal in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.