Word: bbl
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Dates: during 2000-2009
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...country's oil business--Norway is the world's fifth largest exporter by volume--have helped bloat Norway's national pension fund to around $350 billion. But those good times couldn't last forever. With fields beginning to dry up, oil production has slid to 2.6 million bbl. a day this year, from 3.5 million six years ago, says John Olaisen, Oslo-based energy analyst at Carnegie, a Nordic investment bank. For Helge Lund, 44, formerly CEO of Statoil and now chief of the combined company, the message couldn't be clearer: "If we're going to grow the company...
...united front won't always be enough to eclipse StatoilHydro's biggest rivals. After the megamergers of the late 1990s--such as Exxon with Mobil and BP with Amoco--the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl. per day, but that's less than half the daily output...
...bbl., up from $60 two years ago and $15 in 1998. Demand remains high...
...During your presidency, your energy policies were not very popular. Would the country be in better shape if we had adopted the policies you endorsed? -Ronald McGee, Anchorage Yes, of course. When I was elected, we were importing 9 million bbl. of oil per day. Within just a few years, we ?reduced that to 7 million bbl. per day. Now we're back up to 13 million bbl...
...united front won't always be enough to eclipse StatoilHydro's biggest rivals. After the megamergers of the late 1990s - such as Exxon with Mobil and BP with Amoco - the Norwegian firm ranks as only the 10th largest in the world in production. StatoilHydro might churn out 1.9 million bbl per day, but that's less than half the daily output...