Word: coasts
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Quite an understatement. But for all the embarrassment of Reiten's early exit, StatoilHydro faces challenges that will linger long after this hubbub is over. StatoilHydro is operating in a market that has changed drastically since oil was first struck off the coast of Norway in the late 1960s. After waves of mergers in the U.S. and Europe, and with the growing dominance of nationally owned energy companies worldwide, the oil and gas industry is increasingly ruled by a handful of giants. Though StatoilHydro leads the world in offshore extraction, it's dwarfed by diversified behemoths like BP, Exxon-Mobil...
...based energy and metals company he was running, completed a $36 billion merger with Statoil, its beefier Norwegian rival, creating the world's largest offshore energy operator. Five days later, Reiten hosted his country's King and Queen in Nyhamna, a third of the way up Norway's west coast, at the official launch of a record-breaking gas production and processing project forged by Hydro to harness gas from 120 km away under the Norwegian...
...produced tomorrow contains a higher degree of R&D than a barrel produced yesterday," Reiten, a former Norwegian Minister for Petroleum and Energy, told TIME a couple of days before his resignation. With StatoilHydro's decades of experience operating in the tricky terrrain and climate off Norway's coast, the company could become the industry specialist at tackling the world's most difficult jobs...
...still unfamiliar--candidates. A recent Time poll shows Rudy Giuliani and Hillary Clinton leading their respective competitors nationally, but the race is still wide open. Bill Clinton has described campaigning for President as a job interview, with an application process consisting of unrelenting media scrutiny and a grueling coast-to-coast gauntlet of events and debates. Here we present the top-tier finalists...
...success Harvard hasn’t seen in years.What Amaker is going to do is bring in the best recruits in the Ivy League, hands down. He is already working on pursuing the top recruits in the nation. His name and talent precede him wherever he goes, from coast to coast. And as a result, by all accounts, he has so far been extremely successful—and he’s only in Year One.He will also open doors to the basketball world outside of Harvard, which only experience at programs such as Duke, Seton Hall, and Michigan...