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Unformatted text preview: In 1981, the company acquired, as the first Norwegian company,
operator rights on the Norwegian continental shelf for the Gullfaks field. In
2001, Statoil was privatised and became a public limited company, and
was listed on both the Oslo Stock Exchange and the New York Stock
Exchange. At the same time, it changed its name to Statoil ASA. The
Government still retained a majority ownership in the company. In 2007,
Statoil bought a large area in the Athabasca oil sand field in Canada after
purchasing North American Oil Sands Corporation for USD 2.2 billion. The
platform Troll, located in the North Sea, had a production capacity of 1,300
billion cubic metres of natural gas. In 2006, Statoil was approved to
undertake the world's largest project to implement carbon sequestration as
a means to mitigate carbon emissions to the atmosphere.
Norsk Hydro ASA was a Norwegian aluminium and renewable
energy company. The company was founded on December 2, 1905 as
Norsk hydro-elektrisk Kvælstofaktieselskab (Norwegian hydro-electric
nitrogen limited) with the financial support of the Swedish Wallenberg
family and French banks. In 1965, Hydro jo...
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This document was uploaded on 03/30/2014.
- Summer '14