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Vår Energi
Vår Energi AS is a Norwegian oil and gas company headquartered in Stavanger, Norway. The company was established in 2018 following the merger between Eni Norway and Point Resources. Vår Energi AS is a publicly traded company listed on Oslo Stock Exchange with Eni as the largest stock holder. History The company was established in December 2018 as a result of the merger between Eni Norge and Point Resources AS. Eni Norge was a subsidiary of the Italian oil and gas company Eni, while Point Resources AS was owned by HitecVision, a private equity firm specializing in the energy sector. The merger created one of the largest independent oil and gas companies in Norway, with a production of approximately 300,000 barrels of oil equivalent per day. In August 2019, Vår Energi AS acquired ExxonMobil's upstream assets in Norway for a total of $4.5 billion. The deal included ownership interests in more than 20 producing fields in the North Sea, including the Grane, Snorre, and Fram f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stavanger
Stavanger, officially the Stavanger Municipality, is a city and municipalities of Norway, municipality in Norway. It is the third 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 know ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Norway
Norway, officially the Kingdom of Norway, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. The remote Arctic island of Jan Mayen and the archipelago of Svalbard also form part of the Kingdom of Norway. Bouvet Island, located in the Subantarctic, is a Dependencies of Norway, dependency, and not a part of the Kingdom; Norway also Territorial claims in Antarctica, claims the Antarctic territories of Peter I Island and Queen Maud Land. Norway has a population of 5.6 million. Its capital and largest city is Oslo. The country has a total area of . The country shares a long eastern border with Sweden, and is bordered by Finland and Russia to the northeast. Norway has an extensive coastline facing the Skagerrak strait, the North Atlantic Ocean, and the Barents Sea. The unified kingdom of Norway was established in 872 as a merger of Petty kingdoms of Norway, petty kingdoms and has existed continuously for years. From 1537 to 1814, Norway ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorption, a merger, a tender offer or a hostile takeover. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is the legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. Most countries require mergers and acquisitions to comply with antitrust or competition law. In the United States, for example, the Cl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Resources
A point is a small dot or the sharp tip of something. Point or points may refer to: Mathematics * Point (geometry), an entity that has a location in space or on a plane, but has no extent; more generally, an element of some abstract topological space * Point, or Element (category theory), generalizes the set-theoretic concept of an element of a set to an object of any category * Critical point (mathematics), a stationary point of a function of an arbitrary number of variables * Decimal point * Point-free geometry * Stationary point, a point in the domain of a single-valued function where the value of the function ceases to change Places * Point, Cornwall, England, a settlement in Feock parish * Point, Lewis, a peninsula in the Outer Hebrides, Scotland * Point, Texas, a city in Rains County, Texas, United States * Point, the NE tip and a ferry terminal of Lismore, Inner Hebrides, Scotland * Points, West Virginia, an unincorporated community in the United States Business and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oslo Stock Exchange
Oslo Stock Exchange () (OSE: OSLO) is a stock exchange within the Nordic countries and offers Norway's only regulated markets for securities trading today. The stock exchange offers a full product range including equities, derivatives and fixed income instruments. The Euronext consortium of European stock exchanges controls Oslo Stock Exchange as of June 2019. History Oslo Børs was established by a law of September 18, 1818. Trading on Oslo Børs commenced on April 15, 1819. In 1881, Oslo Børs became a stock exchange, which means securities were listed. The first listing of securities contained 16 bond series and 23 stocks, including the Norwegian central bank (Norges Bank). Oslo Børs cooperates with London Stock Exchange on trading systems. The exchange has also a partnership with the stock exchanges in Singapore and Toronto (Canada) for a secondary listing of companies. The stock exchange was privatized in 2001, and is, after the merger in 2007, 100% owned by Oslo Børs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy Sector
The energy industry refers to all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industry is a crucial part of the infrastructure and maintenance of society in almost all countries. In particular, the energy industry comprises: * the fossil fuel industries, which include petroleum industries (oil companies, petroleum refiners, fuel transport and end-user sales at gas stations), coal industries (extraction and processing), and the natural gas industries ( natural gas extraction, and coal gas manufacture, as well as distribution and sales); * the electrical power industry, including electricity generation, electric power distribution, and sales; * the nuclear power industry; * the renewable energy industry, comprising alternative energy and sustainable energy companies, including those involved in hydroelectric power, wind power, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrel (unit)
A barrel is one of several units of volume applied in various contexts; there are dry barrels, fluid barrels (such as the U.K. beer barrel and U.S. beer barrel), oil barrels, and so forth. For historical reasons, the volumes of some barrel units are roughly double the volumes of others; volumes in common use range approximately from . In many connections, the term is used almost interchangeably with ''barrel''. Since medieval times, the term as a unit of measure has had various meanings throughout Europe, ranging from about 100 litres to about 1,000 litres. The name was derived in medieval times from the French , of unknown origin, but still in use, both in French and as derivations in many other languages, such as Italian, Polish, and Spanish. In most countries, such usage is obsolescent, having been superseded by SI units. As a result, the meaning of corresponding words and related concepts (vat, cask, keg etc.) in other languages often refers to a physical co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ExxonMobil
Exxon Mobil Corporation ( ) is an American multinational List of oil exploration and production companies, oil and gas corporation headquartered in Spring, Texas, a suburb of Houston. Founded as the Successors of Standard Oil, largest direct successor of John D. Rockefeller's Standard Oil, the modern company was formed in 1999 following the merger of Exxon and Mobil. It is Vertical integration, vertically integrated across the entire oil and gas industry, as well as within its chemicals division, which produces plastic, synthetic rubber, and other chemical products. As the largest U.S.-based oil and gas company, ExxonMobil is the List of largest companies in the United States by revenue, seventh-largest company by revenue in the U.S. and List of largest companies by revenue, 13th-largest in the world. It is the largest investor-owned oil company in the world. Approximately 55.56% of the company's shares are held by institutions, the largest of which as of 2019 were The Vanguard ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Grane Oil Field
Grane () is an offshore oil field in the North Sea located west of the city of Haugesund on the western coast of Norway. It is Norway's first heavy crude oil production field and Statoil's largest heavy oil field in the Norwegian continental shelf. The oil from the field, located in Block 25/11 is transported to Sture terminal via Grane oil pipeline. The injection gas is imported to Grane oil field from the Heimdal, located just north the field. Ownership The Grane field is operated by Statoil, with Statoil holding 38% of the stake, Petoro – 30%, ExxonMobil – 25.60%, and ConocoPhillips – 6.40%. Technical features The field lies in of water at total depth of . The reservoir is nearly and has an average pay thickness of with an average porosity of 33% and permeability of 5–10 Darcies. The reservoir consists of sandstones of Heimdal formation of Paleocene age, Lista Formation and has high viscosity. Development history Norsk Hydro and partners started development ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Snorre Oil Field
Snorre is an oil and gas field in the Tampen area in the southern part of the Norwegian Sea. The sea depth in the area is . Snorre has been operational since August 1992. It was the first field developed by Saga Petroleum. A ''Plateosaurus'' knucklebone, specimen PMO 207.207, was discovered in 1997 at while drilling the Snorre oil field. In May 2023, the Hywind Tampen floating offshore wind farm started supplying power to the Snorre platform. Production Snorre A platform in the south is a floating steel facility for accommodation, drilling and processing. Snorre A has also a separate process module for production from the Vigdis field. A subsea template with ten well slots, Snorre UPA, is located centrally in the field and connected to Snorre A. Oil and gas from Snorre A is piped to the nearby Statfjord A platform for final processing. Snorre B platform is located in the northern part of the field and is a semi-submersible integrated drilling, processing and accommodatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Equinor
Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian multinational energy company headquartered in Stavanger, Norway. 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. In 2023, the company was ranked 52nd in the same list. 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 Share (finance), 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 F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goliat Field
Goliat field is an offshore oil field in the Norwegian sector of the Norwegian Sea. It is located northwest of Hammerfest. The license, awarded in 1997, is owned by Vår Energi AS (operator, 65%) and Equinor ASA (35%). Oil was discovered in 2000. The field development concept was approved by the Government of Norway on 8 May 2009. The field will be developed by using Goliat FPSO, a floating production storage and offloading unit. Goliat field has two main formations (Kobbe and Realgrunnen) and two minor formations (Snadd and Klappmyss). Recoverable reserves are . The production, which was expected to start in summer 2015 on Goliat oil platform An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed. Many oil platforms w ..., could only begin in April 2016. Goliat is the northernmost sea oil platform ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
