Statoil Shutting CHP Plant at Norway's Mongstad Refinery

GALWAY, IRELAND--February 27, 2017--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--Oil and gas company Statoil ASA (NYSE:STO) (Stavanger, Norway).is phasing out a combined heat and power (CHP) plant at its oil refinery in Mongstad, Norway, due to falling demand and rising costs.

Within this article: Details closure of CHP plant at Mongstad oil refinery, and ongoing CCS work.