Unformatted text preview: plier of natural gas to Europe. The
new company is the ninth largest oil company in the world and the 48th
largest company in the world on the current Fortune Global 500 list with a
revenue of NOK 480 billion. It has about 31,000 employees in 40 countries.
It is listed on the Oslo Stock Exchange (ticker: STL) and New York Stock
Exchange (ticker: STO). Statoil's shareholders hold 67.3% of the new
company and Norsk Hydro shareholders own the remaining 32.7%. The
Norwegian government, the biggest shareholder in both Statoil and Norsk
Hydro, holds 62.5% of the company.
The operated fields of StatoilHydro are Glitne, Gullfaks, Heidrun,
Huldra, Kristin, Kvitebjørn, Mikkel, Norne, Ormen Lange, Sleipner, Snorre,
Snøhvit, Statfjord, Sygna, Tordis, Troll, Veslefrikk, Vigdis, Visund, Volve
and Åsgard. The company also has processing plants at Kolsnes, Kårstø,
Mongstad, Tjeldbergodden and Melkøya. In addition to the Norwegian
continental shelf, StatoilHydro operates oil and gas fields in Algeria,
Angola, Azerbaijan, Brazil, Canada, China, Iran, Libya, Nigeria, Russia, the
US and Venezuela. StatoilHydro is looking currently for possibl...
View Full Document
- Summer '14
- European Union, ........., Peak oil, The European Gas and Oil Market