Norway’s New Government May Sell $11 Billion of Statoil Shares

Norway’s New Government May Sell $11 Billion of Statoil Shares

Kristian Helgesen/Bloomberg

Statoil, which got almost two thirds of its production from Norway in the second quarter, aims to boost its production to 2.5 million barrels a day of oil equivalent in 2020 from around 2 million today.