SOURCE: Industrial Info Resources

Industrial Info Resources

July 05, 2011 03:30 ET

Statoil Switches Wind Energy Focus From Onshore to Offshore, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - Jul 5, 2011) - Researched by Industrial Info Resources Europe (Galway, Ireland) -- Norwegian oil and gas company Statoil ASA (NYSE:STO) (Stavanger, Norway) has signed two agreements for the sale of a major part of its onshore wind development portfolio. The sale is part of Statoil's strategy to focus wind energy investment in offshore projects to better utilise the group's core expertise in developing renewable energy.

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