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StatoilHydro
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a 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 Statoil with the 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 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'' was adopted in 2018 and is formed by combining ''equi'', the root for words such as ''equity'', ''equality'', and ''equilibrium'', ... [...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] |
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] |
Renewable Energy
Renewable energy is energy that is collected from renewable resources that are naturally replenished on a human timescale. It includes sources such as sunlight, wind, the movement of water, and geothermal heat. Although most renewable energy sources are sustainable, some are not. For example, some biomass sources are considered unsustainable at current rates of exploitation. Renewable energy often provides energy for electricity generation to a grid, air and water heating/cooling, and stand-alone power systems. Renewable energy technology projects are typically large-scale, but they are also suited to rural and remote areas and developing countries, where energy is often crucial in human development. Renewable energy is often deployed together with further electrification, which has several benefits: electricity can move heat or objects efficiently, and is clean at the point of consumption. In addition, electrification with renewable energy is more efficient and therefore ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Industry (Norway)
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] |
Stortinget
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 parliament, ... [...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] |
State Owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norwegian Language
Norwegian ( no, norsk, links=no ) is a North Germanic language spoken mainly in Norway, where it is an official language. Along with Swedish and Danish, Norwegian forms a dialect continuum of more or less mutually intelligible local and regional varieties; some Norwegian and Swedish dialects, in particular, are very close. These Scandinavian languages, together with Faroese and Icelandic as well as some extinct languages, constitute the North Germanic languages. Faroese and Icelandic are not mutually intelligible with Norwegian in their spoken form because continental Scandinavian has diverged from them. While the two Germanic languages with the greatest numbers of speakers, English and German, have close similarities with Norwegian, neither is mutually intelligible with it. Norwegian is a descendant of Old Norse, the common language of the Germanic peoples living in Scandinavia during the Viking Age. Today there are two official forms of ''written'' Norwegian, (literally ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oslo
Oslo ( , , or ; sma, Oslove) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of in 2019, and the metropolitan area had an estimated population of in 2021. During the Viking Age the area was part of Viken. Oslo was founded as a city at the end of the Viking Age in 1040 under the name Ánslo, and established as a ''kaupstad'' or trading place in 1048 by Harald Hardrada. The city was elevated to a bishopric in 1070 and a capital under Haakon V of Norway around 1300. Personal unions with Denmark from 1397 to 1523 and again from 1536 to 1814 reduced its influence. After being destroyed by a fire in 1624, during the reign of King Christian IV, a new city was built closer to Akershus Fortress and named Christiania in honour of the king. It became a municipality ('' formannskapsdistrikt'') on 1 January 1838. The city fu ... [...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] |
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