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Statoil
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state owned enterprise, state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, petroleum company, operating in 36 countries with additional investments in renewable energy. In the 2020 Forbes Global 2000, Equinor was ranked as the 169th-largest public company in the world. the company has 21,126 employees. The current company was formed by the 2007 merger of History of Statoil (1972–2007), Statoil with the Hydro Oil & Gas, oil and gas division of Norsk Hydro. As of 2017, the Government of Norway is the largest shareholder with 67% of the shares, while the rest is public stock. The ownership interest is managed by the Ministry of Petroleum and Energy (Norway), Norwegian Ministry of Petroleum and Energy. The company is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo. The name ''Equinor'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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-2004 on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydro Oil & Gas
Hydro Oil & Gas is a defunct division of Norsk Hydro that operated within the oil and gas industry. On October 1, 2007 it merged with Statoil to form the new corporation StatoilHydro. Operations Hydro's main operations in petroleum were on the Norwegian continental shelf, but also operates in Angola, Canada, Russia and Libya. Hydro was the operator of 13 oil fields and had a production of 563,000 barrels of oil equivalents. Downstream Hydro also operated gas stations in Sweden under the brand name Hydro and operates in Norway and Denmark with the name HydroTexaco in joint venture with Chevron. In 2006 there were 460 stations in Norway and 550 in Denmark. Also the brands Uno-X and Rema Bensin were operated by this venture. History In 1965 Hydro joined Elf Aquitaine and six other French companies to form Petronord to perform search for oil and gas in the North Sea. Hydro soon became a large company in the North Sea petroleum industry, and also became operator of a number of f ... [...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-electri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anders Opedal
Anders Opedal (born 4. May 1968) is the incumbent chief executive officer, and former chief operating officer, of Norwegian oil and gas company Equinor. He joined the company in 1997 having previously worked for Schlumberger and Baker Hughes. He stepped down from the COO position and became Equinor's country manager in Brazil in January 2017. On 10 August 2020, Equinor announced Opedal's selection as the company's next chief executive officer, from 2 November 2020 onwards. Opedal holds an MBA from Heriot-Watt University Heriot-Watt University ( gd, Oilthigh Heriot-Watt) is a public research university based in Edinburgh, Scotland. It was established in 1821 as the School of Arts of Edinburgh, the world's first mechanics' institute, and subsequently granted univ ... and an engineering degree from NTH. References 1964 births Equinor people Norwegian business executives Chief operating officers Alumni of Heriot-Watt University Living people {{Norway-business-bio-stu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saga Petroleum
Saga Petroleum ASA was a Norwegian upstream petroleum company established in 1972 that was acquired by Norsk Hydro in 1999. In October 2007 it was made part of Statoil. The company was the only fully private oil company in Norway. It had partial ownership of 60 oil field licenses and was operator of 18. Saga had an international profile, including major operations on the British continental shelf as well as minor operations in Angola, Indonesia, Libya and Namibia. History Saga Petroleum was founded in 1972 as a private initiative based on a political wish to have three Norwegian oil companies. The company started up at the same time as Statoil and was part of the three-company model with one state owned company (Statoil), one semi-private company (Norsk Hydro) and one fully private company (Saga). The three Norwegian oil companies were to ensure that petroleum competence was established in Norway. Among the largest fields Saga operated were the Snorre oil field and the Tordi, Var ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norway
Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of Norway. Bouvet Island, located in the Subantarctic, is a dependency of Norway; it also lays claims to the Antarctic territories of Peter I Island and Queen Maud Land. The capital and largest city in Norway is Oslo. Norway has a total area of and had a population of 5,425,270 in January 2022. The country shares a long eastern border with Sweden at a length of . It is bordered by Finland and Russia to the northeast and the Skagerrak strait to the south, on the other side of which are Denmark and the United Kingdom. Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. The maritime influence dominates Norway's climate, with mild lowland temperatures on the se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stavanger
Stavanger (, , American English, US usually , ) is a city and municipalities of Norway, municipality in Norway. It is the fourth largest city and third largest metropolitan area in Norway (through conurbation with neighboring Sandnes) and the administrative center of Rogaland county. The municipality is the fourth most populous in Norway. Located on the Stavanger Peninsula in southwest Norway, Stavanger counts its official founding year as 1125, the year the Stavanger Cathedral was completed. Stavanger's core is to a large degree 18th- and 19th-century wooden houses that are protected and considered part of the city's cultural heritage. This has caused the town center and inner city to retain a small-town character with an unusually high ratio of detached houses, and has contributed significantly to spreading the city's population growth to outlying parts of Greater Stavanger. The city's population rapidly grew in the late 20th century due to its oil industry. Stavanger is known ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fornebu
Fornebu (local form ''Fornebo'') is a peninsular area in the suburban municipality of Bærum in Norway, bordering western parts of Oslo. Oslo Airport, Fornebu (FBU) served as the main airport for Oslo and the country since before World War II and until the evening of October 7, 1998, when it was closed down. Overnight, a grand moving operation was performed, so that the following morning, the new main airport, located inland at Gardermoen (OSL), opened for operations as the main airport, as opposed to previously having been a minor airport. As of 2001, the Fornebu area is being developed as a centre for information technology and telecom industry, as well as there being some housing project developments nearby. The new headquarters of Norway's telecom giant Telenor are located in the area. The peninsula is connected to Langodden and Snarøya, which are more established areas of private residences. Etymology The name ( Norse ''Fornabú(ð)'') originally belonged to an old far ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and develo ... [...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 between 1992 and 1996. The position has been held by seventeen people from five parties. No person has held the position for at least three years, resulting in one of the most volatile positions in the cabinet. Kåre Kristian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Norway
The politics of Norway take place in the framework of a parliamentary, representative democratic constitutional monarchy. Executive power is exercised by the Council of State, the cabinet, led by the prime minister of Norway. Legislative power is vested in both the government and the legislature, the Storting, elected within a multi-party system. The judiciary is independent of the executive branch and the legislature. Reporters Without Borders ranked Norway 1st in the world in the 2019 Press Freedom Index. Freedom House's 2020 Freedom in the World report classified Norway as "free," scoring maximum points in the categories of "political rights" and "civil liberties". Constitutional development The Norwegian constitution, signed by the Eidsvoll assembly on 17 May 1814, transformed Norway from being an absolute monarchy into a constitutional monarchy. The 1814 constitution granted rights such as freedom of speech (§100) and rule of law (§§ 96, 97, 99). Important amendmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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