Norwegian energy company Statoil takes control over the Martin Linge field in the North Sea following an agreement with French supermajor Total. Photo courtesy of Statoil March 20 (UPI) — After announcing it would remove “oil” from its name, Norwegian energy major Statoil said it’s now operating a legacy oil and gas asset in the North Sea. Statoil said Tuesday it completed a transaction with Total that gives it a 70 percent stake in the Martin Linge oil and gas field in the Norwegian waters of the North Sea. Total in November agreed to sell off its entire stake in a field estimated to hold 300 million barrels of oil equivalent. The Norwegian company said the field’s infrastructure was modern, costs would be low and production could extend into the 2030s. A May accident during construction of Martin Linge infrastructure at a South Korean shipyard left six people dead […]