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History Of Statoil (1972–2007)
Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro. Statoil was the largest petroleum company in the Nordic countries. In the 2013 Fortune 500, Statoil was ranked as the 39th -largest company in the world. While Statoil was listed on both the Oslo Stock Exchange and the New York Stock Exchange, the Norwegian state still held majority ownership, with 64%. The company's headquarters are located in Norway's oil capital Stavanger. The name Statoil was a truncated form of ''the State's oil (company)''. Statoil was one of the largest net sellers of crude oil in the world, and a major supplier of natural gas to the European continent, Statoil also operated around 2000 service stations in 9 countries. The company's CEO from mid-200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norsk Hydro
Norsk Hydro ASA (often referred to as just ''Hydro'') is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Norwegian state owns 34.3% of the company through the Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Hilde Merete Aasheim has been the CEO since May, 2019. Hydro had a significant presence in the oil and gas industry until October 2007, when these operations were merged with Statoil to form StatoilHydro (in 2009 changed back to Statoil, which is now called Equinor). History First steps with fertiliser Financed by the Swedish Wallenberg family and French banks, the company was founded on December 2, 1905 as Norsk hydro-elektrisk (lit. Norwegian hydro-el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arve Johnsen
Arve Johnsen (born 18 February 1934) is a Norwegian industrial executive and politician. He was educated in business administration with the degree ''siviløkonom'' from the Norwegian School of Economics and Business Administration in 1957 and in law with the degree cand.jur. from the University of Oslo in 1960. He was active in the Norwegian Labour Party and was appointed State Secretary to the Minister of Industry during the first cabinet Bratteli early in the 1970s. Johnsen was the first Chief Executive Officer of Statoil from the company was founded in 1972. He was forced to withdraw in 1987 due to the Mongstad scandal. He is a fellow of the Norwegian Academy of Technological Sciences The Norwegian Academy of Technological Sciences ( no, Norges Tekniske Vitenskapsakademi, NTVA) is a learned society based in Trondheim, Norway. Founded in 1955, the academy has about 500 members. It is a member of the International Council of Ac .... References 1934 births L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongstad Scandal
The Mongstad scandal was a crisis in the Norwegian oil company Statoil in 1987–88. The company exceeded the NOK 8 billion budget by NOK 6 billion in upgrading the oil refinery at Mongstad. Retrospectively the reasons for the overexpenditure were attributed to bad planning, technical miscalculations and bad project management. The executives in Statoil were also accused of inability to act and for withholding information from the Norwegian Ministry of Petroleum and Energy. At the time the incident aroused considerable media attention. The first warnings of a budget overspend came on 25 September 1987, when the over-expenditure was estimated at NOK 3,8 billion. On 20 November most of the board of directors had to resign. The board was led by chairman Inge Johansen and deputy chairman Vidkunn Hveding since 1984. The other board members who also resigned were Thor Andreassen (member since 1978), Fredrik Thoresen (member since 1984), Guttorm Hansen (member since 1986) and To ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gullfaks
Gullfaks is an oil and gas field in the Norwegian sector of the North Sea operated by Equinor. It was discovered in 1978, in block 34/10, at a water depth of 130-230 meters.Petterson, O., Storli, A., Ljosland, E., Nygaard, O., Massie, I., and Carlsen, H., The Gullfaks Field, 1992, in ''Giant Oil and Gas Fields of the Decade, 1978-1988'', AAPG Memoir 54, Halbouty, M.T., editor, Tulsa: American Association of Petroleum Geologists, , pp. 429-446 The initial recoverable reserve is , and the remaining recoverable reserve in 2004 is . This oil field reached peak production in 2001 at . It has satellite fields Gullfaks South, Rimfaks, Skinfaks and Gullveig. Platforms The project consists of three production platforms Gullfaks A (1986), Gullfaks B (1988), and Gullfaks C (1989). Gullfaks C sits below the waterline and the height of the total structure measured from the sea floor is , making it taller than the Eiffel Tower. Gullfaks C is the heaviest object that has ever been moved to anot ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Continental Shelf
The Norwegian continental shelf ( no, Den norske kontinentalsokkelen) (abbreviated as NCS) is the continental shelf over which Norway exercises sovereign rights as defined by the United Nations Convention on the Law of the Sea. The area of the shelf is four times the area of Norway mainland and constitutes about one-third of the Europe continental shelf. It is rich in petroleum and gas and it is the base of the petroleum economy of Norway The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country .... References External links Interactive Map over the Norwegian Continental Shelf live information, facts, pictures and videos. Norwegian Government "Continental shelf – questions and answers" Continental shelves of Europe Landforms of Norway Landforms of the North Sea Geology of the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mongstad
Mongstad is an industrial site in Vestland county, Norway. The site sits on the border of the municipalities of Alver and Austrheim, with most of the site in Alver. The site features an oil refinery for Equinor and other oil companies, including Shell. At Mongstad, Equinor has a crude oil terminal with a capacity of . The port at Mongstad is the largest in Norway, measured in tonnage. The refinery at Mongstad is modern, and has been extensively upgraded, with a capacity of 12 million tonnes of crude oil per year (230,000 barrels per day). The refinery is the largest in Norway, though medium-sized by European standards. It is owned by a company called Mongstad Refining, in which Equinor has whole ownership (since 2012). All the crude oil refined at Mongstad comes from the North Sea. The largest production is petrol, diesel, jet fuel, and light petroleum products. The heaviest components are used to make petrol coke, an important ingredient in anodes for aluminum production. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petrochemical Industry
The petrochemical industry is concerned with the production and trade of petrochemicals. A major part is constituted by the plastics (polymer) industry. It directly interfaces with the petroleum industry, especially the downstream sector. Companies The top ten global petrochemical companies based on the 2008 revenues – excludes state-owned companies: Countries and sites *Marun petrochemical complex Technology Conferences *Asia Petrochemical Industry Conference *International Petrochemical Conference by the AFPM Associations *American Fuel and Petrochemical Manufacturers (AFPM) *European Petrochemical Association *Gulf Petrochemicals and Chemicals Association Awards *Medal "For the Tapping of the Subsoil and Expansion of the Petrochemical Complex of Western Siberia" *Petrochemical Heritage Award See also *Aqueous Wastes from Petroleum and Petrochemical Plants ''Aqueous Wastes from Petroleum and Petrochemical Plants'' is a book about the composition and treatment of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Petroleum And Energy (Norway)
The Minister of Petroleum and Energy ( no, Olje- og energiministeren) is a councilor of state and chief of the Norway's Ministry of Petroleum and Energy. The current minister is Terje Aasland. The ministry is responsible for the government's energy policy, including management of Norway's energy resources, including the valuable deposits of petroleum and hydroelectricity. Major subordinate agencies and companies include the Water Resources and Energy Directorate, the Petroleum Directorate, Petoro, Gassnova, Gassco, Enova, Statnett and a partial ownership of Statoil. The position was created on 11 January 1978 as a response to the increased importance of oil on the Norwegian continental shelf. The position was merged with the Minister of Trade and Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Minister Of Industry
The Royal Norwegian Ministry of Trade and Industry (Norwegian: Nærings- og handelsdepartementet) was a Norwegian ministry responsible for business, trade and industry. On 1 January 2014 it was merged into Ministry of Trade, Industry and Fisheries. From 2013 it was led by Monica Mæland (Conservative Party), who continued as minister of trade, industry and fisheries from 2014 to 2018. History The Norwegian Ministry of Trade, Shipping, Industry, Craft and Fisheries was created on 1 October 1916. After this, the ministry underwent several name changes: to Ministry of Trade, Shipping and Industry on 1 July 1946, to Ministry of Industry, Craft and Shipping on 6 December 1947, to Ministry of Industry and Craft on 1 January 1955, to Ministry of Industry 1 January 1988, to Ministry of Industry and Energy on 1 January 1993 and to Ministry of Trade and Industry on 1 January 1997. Organisation The Ministry of Trade and Industry has six departments. The Press and Communications Division is par ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Storting
The Storting ( no, Stortinget ) (lit. the Great Thing) is the supreme legislature of Norway, established in 1814 by the Constitution of Norway. It is located in Oslo. The unicameral parliament has 169 members and is elected every four years based on party-list proportional representation in nineteen multi-seat constituencies. A member of Stortinget is known in Norwegian as a ''stortingsrepresentant'', literally "Storting representative". The assembly is led by a president and, since 2009, five vice presidents: the presidium. The members are allocated to twelve standing committees as well as four procedural committees. Three ombudsmen are directly subordinate to parliament: the Parliamentary Intelligence Oversight Committee and the Office of the Auditor General. Parliamentarianism was established in 1884, with the Storting operating a form of "qualified unicameralism", in which it divided its membership into two internal chambers making Norway a de facto bicameral parli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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