• Statoil. The Power of Possible

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  • Jim Yong Kim - Ending påoverty and ensuring sustainability are the defining challenges of our time

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  • Statoil has stored 25% of the 80 million tonnes of CO2 captured and stored worldwide

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  • A sustainable future is really about avoiding waste - Helge Lund

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  • We are committed to creating lasting value for communities.

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  • Statoil aims to be recognised as the most carbon efficient oil and gas producer - Hege Marie Norheim

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  • Hywind - our full-scale prototype for a floating wind turbine

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Can an oil and gas company be part of a sustainable energy future?

Oil and gas will be an important part of the energy mix for decades to come. Statoil actively works to reduce climate emissions, put a price on carbon, and benefit societies around the world. We are determined to develop resources responsibly and create lasting value for communities. Our industry is needed to be part of the solution. Statoil aims to be recognised as the most carbon-efficient oil and gas producer, committed to creating lasting value for communities.

The world needs more energy

  Did you know...?

  • No. 1
    Statoil is ranked No.1 on the 2014 Global 100 Index of the world’s most sustainable energy companies, and number four of all corporations. (Source: Corporate Knights, 2014.)
  • 20 times
    The world will need new oilfields equal to 20 times daily Norwegian oil production in 2035 – even in a low-carbon scenario
  • Efficient gas
    Gas has only half the CO2 emissions of coal – and carbon capture for gas can take gas into the next hundred years

Our response — carbon

Even in a low-carbon world, we will need oil and gas, because world energy demand is increasing significantly. Production from existing oil fields is declining by 6% a year, so new fields are urgently needed just to replace capacity. We are the world’s most carbon-efficient oil producer — and we intend to keep it that way.  At the same time, we’re investing in renewables and low-carbon technology.

  • In a sustainable world, the world will need much more gas than today
  • Power generation should be switched from coal to gas
  • Gas helps intermittent renewables by being a base load supply
  • Gas with carbon capture (CCS) has a place in the long-term energy mix
  • Oil is vital for transport, for food production, for plastics and products we all use every single day.
  • More oil must be found and produced to compensate for existing fields’ declining production
  • The Norwegian continental shelf leads on carbon-efficient oil and gas production
  • Cleaner gas: in the long run gas needs to be decarbonised as well.
  • Energy efficient oil: much of our technology development is focused on energy efficiency, minimising emissions intensity, and subsea operations
  • Renewables: we have already made major investments in offshore wind farms in the UK that will supply over 500,000 homes

Our response — communities

In Statoil, we are committed to creating lasting value for communities. Responsible businesses ensure that natural resources bring benefits to society, and our experience from Norway provides a solid foundation.

We will continue to engage with communities affected by our activities to earn acceptance and legitimacy with people and governments, whether in Norway, Brazil, West and East Africa, North America or wherever we operate.

  • We have developed 5 important promisesfor our community relations which include resource efficiency, protection of local environments, local opportunities, human rights and transparency.
  • Aim for outstanding resource efficiency
    We share the land, the water and the ecosystems around us with society. We resources efficiently, and reuse or recycle as appropriate.
  • Prevent harm to local environments
    We apply high standards to waste management, emissions to air and impact on ecosystems – wherever we work.
  • Create local opportunities
    We help transform the natural resources of a country and community into revenue, competencies, infrastructure and jobs.
  • Respect labour and human rights – so no-one is adversely affected by what we do without access to recourse.
  • Be open and transparent – so people can see what we do, particularly which revenues we create, and our environmental performance.

Our sustainability approach

Click on the areas below to find out more:

Statoil aims to be recognised as the most carbon efficient oil and gas producer, committed to creating lasting value for communities

  Did you know

  • 90%
    Oil-based fuels will continue to account for 82% of energy used in road transport until 2040. (Source: IEA)
  • 20 million tonnes
    Statoil has stored 25% of the 80 million tonnes of CO2 stored worldwide so far
  • Wind power in deep waters
    Statoil has developed Hywind, one of the world’s first full-scale floating wind turbine, which can withstand 19-meter waves