Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Lundin has been granted consent to drill an exploration well in the Alta prospect in the Barents Sea.
Statoil and the Norwegian University of Science and Technology (NTNU) have signed an agreement on research funding for future energy solutions. The group, with a total budget of NOK 50million over the next four years, will look to build-up a research group which can help develop sustainable energy solutions. The first move will be to recruit a researcher who can guide the work and build up the research group based at NTNU in Trondheim.