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...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...
...forcing multibillion dollar companies to confront an unpleasant reality from the ground-up. The very source of KSG’s latest donation, Shell, illustrates the transformation of fossil fuel behemoths into supporters of future green energy research. Shell is by no means alone: Other giants like Exxon-Mobil and British Petroleum (BP) have also focused on research on more efficient energy sources and better policies. In fact, for several years now, BP has been cleverly marketing itself as “Beyond Petroleum...
...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 and Gazprom. How can a mid-size niche player from Norway possibly thrive in this new, hypercompetitive...
Still, a 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...
...floor beneath the North Pole last month, Greenland had been eyeing its own potential reserves of oil and gas surrounding the island. Shrimp processing is the biggest contributor to the territory's GDP today, but big oil could offer a much shorter path to self-reliance. In September, Exxon Mobil, Chevron and Denmark's Dong Energy joined the ranks of those who have been looking for oil off Greenland's west coast, and last month the U.S. Geological Survey released an estimate that an area off Greenland's northeast coast could yield the equivalent of 31.4 billion barrels...