Norwegian oil and gas firm Statoil ASA (STL.OS STO) has seen an increased interest for renewables following the Fukushima nuclear disaster, but for green energy to compete with other investment opportunities and play a bigger role in the company's future, costs must come down.
It's still early days for the firm's renewable energy department, that became part of the newly set up business section Marketing, Processing and Renewable Energy in an organizational restructure on Jan. 1 moving from the former business unit Technology and Research.
On the same date, Stale Tungesvik, who has 26 years of experience.
