Statoil

A PEST(LE) analysis of: By: Erik Bruun-Olsen & Simen Stockinger Statoil ASA is a Norwegian Renewable Energy, Oil and Gas company, where the government of Norway is the main shareholder with 67 % of the shares. Statoil was established as a wholly state-owned company on 14th of July in 1972, and it was ranked as the 13th biggest Oil and Gas Company in the world by Fortune Magazine. Statoil is today a considerable international company, with 22.000 employees in 36 countries all over the

A PEST(LE) analysis of: By: Erik Bruun-Olsen & Simen Stockinger Statoil ASA is a Norwegian Renewable Energy, Oil and Gas company, where the government of Norway is the main shareholder with 67 % of the shares. Statoil was established as a wholly state-owned company on 14th of July in 1972, and it was ranked as the 13th biggest Oil and Gas Company in the world by Fortune Magazine. Statoil is today a considerable international company, with 22.000 employees in 36 countries all over the

concept from the research and study of Statoil 's success on implementing beyond budgeting. The purpose of this research is to help Manitoba Hydro management team to understand the value of the beyond budgeting. Furthermore, an analysis of whether or not Manitoba Hydro should go beyond budgeting will be provided. Based on the analysis, a recommendation will be provided to address what change management need to be in place at Manitoba Hydro in order to

Identification of Statoil Objectives The over-arching or primary objectives of Statoil can be deduced from its main economic operations. The company was founded in a prime location, Norway, in order to engage in the exploitation of oil; which involves searching and mining oil in all areas within its realm of influence. The firm is also mandated with refining and distribution of oil; thus enabling it to become a supplier of oil within Norway and in other locations where there is a demand. These

However "report or explain" approach (GRI 2011) shall make the things easier for reporting especially for multinational such as BP and Statoil. For some companies collecting the data can be expensive process and although information technology is growing and spreading fast the best of it may not be available to all organizations. In this regard BP and Statoil are well positioned with access to advance technology and this is not the case for such enormous organizations. Another disadvantage is Sustainability

(RTL), we, as independent consultants, have undertaken an analysis of five culturally diverse companies in order to diversify investment risk. We have analysed Australia’s BHP Billiton, Austria’s OMV, Canada’s Suncor, China’s Sinopec and Norway’s Statoil in order to recommend a potential investment for the Board of Directors . Recently, the oil and gas industry has experienced dramatic drop in oil prices with companies facing 50% decline in revenues in 2015 . However, declining oil production in

Beyond Budgeting To. Arc Productions Management From: John Jill, CMA November 28, 2014 As part of Arc Production’s strategic development, this report will provide an analysis of the organization’s current management model and determine whether a new beyond budgeting model should be adopted. Included is an analysis of an organization that has adopted the beyond budgeting model and outlines the characteristics of the organization’s beyond budgeting approach.  Also included is a recommendation

Identification of Risk 8 5. SUMMARY 10 5.1. Summary Report 10 6. References 11 EXECUTIVE SUMMARY Description of the Project The Asterix field lies in 1,360 meters of water in the Norwegian North Sea on Block 6705/10 in PL 327B. The field is operated by Statoil, holding a 70% interest; Petoro holds 25%; and Norske Shell the remaining 10% interest. Drilled by the Transocean Leader, the 6705/10-1 well reached a vertical depth of 3,775 meters below sea. The reservoir is located in Upper Cretaceous reservoir

imports, and the country could possibly become a net exporter of energy in a few years. Such developments could change the geopolitical balance of the world's great powers. Statoil (NOR) Statoil`s shale reservoirs and reservoirs with dense rocks is an important growth area which increases their long-term reserve base. Statoil`s background as a pioneering company and with their technological expertise forms a good basis for high strategic ambitions in shale. Statoil's oil and gas operations in shale

and for many energy companies it is preferable to halt Arctic projects than to abandon cheaper projects, where returns are guaranteed (Financial Times, 2015). Statoil announced that it would delay the development of the Johan Castberg field this year (Statoil, 2015). Chevron has also delayed plans to drill in the Beaufort Sea, while Statoil, Dong Energy and GDF Suez have handed back their licences in Greenland. Last year due to western sanctions against Moscow, Exxonmobil had to pull out of its joint