Norwegian oil history
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Norwegian oil history

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Published by Wigestrand in Stavanger .
Written in English


Book details:

Edition Notes

StatementTorbjørn Kindingstad ; Fredrik Hagemann (editor) ; English translation: R.E. Gooderham ; [picture editors: Egil Hagir, Leif Berge and Øyvind Wigestrand].
Classifications
LC ClassificationsHD
The Physical Object
Pagination343 p. :
Number of Pages343
ID Numbers
Open LibraryOL19203238M
ISBN 108291370435

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The Norwegian state’s participating interest was split in two: one part linked to Statoil and one to the State’s Direct Financial Interest (SDFI) in the petroleum industry. The SDFI system means that the Norwegian state owns holdings in a number of oil and gas fields, pipelines and onshore facilities. Norway’s geological expertise was negative to oil and gas deposits, but this could not stop the enthusiasm after the gas discovery in the October , Phillips Petroleum sent an application to the Norwegian authorities, for exploration in the North Sea. The history of the oil and gas industry in Norway is a saga of wise political decisions, world-class industrial development and huge value creation. Highlights from almost 50 years of oil operations in Norway are presented below. Published: The oil and gas industries play a dominant role in the Norwegian economy, providing a source of finance for the Norwegian welfare state through direct ownership of oil fields, dividends from its shares in Equinor, and licensure fees and taxes. The oil and gas industry is Norway's largest in terms of government revenue and value-added.

  Phillips has found the largest sub-sea oil basin in history. And everything is about to change. Norway’s oil was never owned privately, the state kept it, . In , Norway was the eighth largest crude oil exporter in the world (at 78Mt), and the 9th largest exporter of refined oil (at 86Mt). It was also the world's third largest natural gas exporter (at 99bcm), having significant gas reserves in the North Sea. Norway also possesses some of the world's largest potentially exploitable coal reserves (located under the Norwegian continental shelf) on. Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in is primarily a petroleum company, operating in 36 countries with some investments in renewable revenue, while under Statoil name, Equinor was ranked by Forbes Magazine () as the world's eleventh largest oil and gas company and the twenty-sixth.   In Norway: History. The earliest traces of human occupation in Norway are found along the coast, where the huge ice shelf of the last ice age first melted betw and oldest finds are stone tools dating from to bce, discovered in. Read More.

Norway acquired a new freedom of domestic affairs. (Norway remained in a union with Sweden until ) In this situation the emerging ideas of nation states fascinated Norwegian intellectuals. Norway had been an independent state during the middle ages, and one assumes that a certain sense of national identity was even older. The.   John A. Yilek's HISTORY OF NORWAY fills a need for an accurate, readable, and up-to-date history of Norway in English. This book is the first of its kind in over 70 years. I had been looking for a good history of Norway in english for years. Yilek's HISTORY OF NORWAY (Wasteland Press, pages, $) was the answer to my s:   Norway, which has produced oil and gas since the s, uses income from petroleum taxes, state stakes in offshore fields and dividends from Equinor ASA to plug budget deficits, with a self.   Before oil was discovered, the Act of 21 June was already in place for managing the Norwegian continental shelf. This legislation has since been updated several times, most recently in .