Value creation from technology and collaboration

Statoil is determined to shape the future of energy, to find low-carbon and low-cost solutions in a world that’s changing from geopolitical, climate and market perspectives. Interestingly, Statoil has found that emissions-efficient oilfield solutions are, often, also the most economically viable.

Statoil and GE formed the Powering Collaboration partnership, which was an open challenge where people could suggest any innovations. Ideas coming from the challenge have already materialized into 20 projects that are looking for competitive and effective CO2 solutions.

While the current outlook may be gloomy, Statoil maintains its spending on R&D, with a firm belief that new ideas are crucial for transforming the industry.

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