Bloomberg | Statoil Greenlights Key $6 Billion Norway Arctic Oil Project ... Bloomberg Norway's crude output has dropped by half since 2000, and successive governments have pushed the Barents to make up for the decline of North Sea fields. Source: Statoil. Statoil ASA gave the final go-ahead to a flagship Arctic oil project after ... Statoil, partners to spend 49 billion kroner on new Arctic oil field Statoil announces giga-investment in northernmost ever oil field |