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UPDATE 2-Statoil shuts Asia product trade arm, no jobs cut

SINGAPORE, Nov 21 (Reuters) - Norway's StatoilHydro ASA said on Friday it was scaling down third-party oil product trading and would close its Singapore products department, confirming a Reuters report a day earlier.

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StatoilHydro signs large contract with Weatherford

StatoilHydro has signed an agreement with the oil service company Weatherford for the delivery of Liner systems to StatoilHydro operated fields. The contract runs through.. - Read more

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Universal: StatoilHydro signs large contract with Weatherford

SOURCE: UniversalNov 21, 2008 07:22 ETStatoilHydro signs large contract with WeatherfordOSLO, NORWAY--(Marketwire - November 21, 2008) - StatoilHydro has signed an agreement with the oil service company Weatherford for the delivery of Liner systems to StatoilHydro operated fields. The contract runs through to 2013 and is valued at approximately 185 million NOK per year. The new...

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$130M pegged for new oil exploration off Newfoundland

By far, the most significant bid is a partnership between Petro-Canada and Statoil Hydro Canada Ltd., which has pledged to spend $81.9 million over the next five years on a 19,430-hectare parcel, west of the existing White Rose oilfield.

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Wind farm in doubt after backer quits

One of the UK's largest wind farm projects is in doubt after the credit crunch has forced a backer to pull out. Statoil, the Norwegian oil giant, is now looking for a new joint venture partner to help develop the £700m offshore wind project off the Norfolk coast. If built, the 108 turbines would provide enough electricity for the homes of a city the size of Cambridge. Statoil's original...