Statoil (STO +1.4%) is scolded by Norway regulators for failing to report a leak of pollutive...

|About: Statoil ASA (STO)|By:, SA News Editor

Statoil (STO +1.4%) is scolded by Norway regulators for failing to report a leak of pollutive chemicals on the seafloor beneath its Njord field until more than two years after it was discovered. ~3,400 metric tons of chemicals and oily water leaked into the reservoir of the Norwegian Sea field during 1999-2006 from an injection well; STO was aware of the findings in 2011, but it didn't report them before last month.