Gem of the day

Conditions for offshore drilling and exploration in the Arctic are difficult - and even more so when your peers set the bar so laughably low for competence.

So what's Statoil's strategy, given that they intend to have a "strong focus" in the region?

"Memoranda of Understanding with various reputable institutions have been signed to learn and widen our expertise. Agreements range from UNEP Grid Arendal, Murmansk and Arkhangelsk Oblast to the Sami University College in Kautokeino and others."

This kind of tactical engagement for reputation must be what CEO Helge Lund is hoping will make his statement a reality:

"We see no long-term conflict between the interests of our owners and society’s expectations."

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