Statoil
A PEST(LE) analysis of:
By: Erik Bruun-Olsen & Simen Stockinger
Statoil ASA is a Norwegian Renewable Energy, Oil and Gas company, where the government of Norway is the main shareholder with 67 % of the shares. Statoil was established as a wholly state-owned company on 14th of July in 1972, and it was ranked as the 13th biggest Oil and Gas Company in the world by Fortune Magazine.
Statoil is today a considerable international company, with 22.000 employees in 36 countries all over the world and it is Europe’s second largest natural gas supplier. The company manages the whole value chain from exploration and development of oil and gas fields to operations of production platforms and retailing of oil and gas products.
Statoil merged with Norsk Hydro and gas division 1th October 2007, and was given the temporary name, “Statoil Hydro”. The company changed its name back to Statoil ASA on November 1, 2009.
PEST model:
STATOIL ASA
STATOIL ASA
Political:
The political environment in which a firm operates has a major impact on its operations and profitability, and is mainly influenced by the political forces in an industry or country.
The political environment will have a large impact on Statoil’s opportunities for international growth and investment choices as it operates under demanding political conditions worldwide. These forces will especially determine its chances of getting access to resources and establish relationships with host governments and NOC’s (National Oil Company).
Control over oil and gas fields are becoming increasingly political. This is due to the profits of such reserves is extremely high. This means that each country want control over their own resources. For Statoil, which operates in 36 countries, this may mean that countries will nationalize their resources to domestic firms.
Developing countries with unstable dictatorship or a history of sudden nationalization are examples of political risks may be obvious. Or more
By: Erik Bruun-Olsen & Simen Stockinger
Statoil ASA is a Norwegian Renewable Energy, Oil and Gas company, where the government of Norway is the main shareholder with 67 % of the shares. Statoil was established as a wholly state-owned company on 14th of July in 1972, and it was ranked as the 13th biggest Oil and Gas Company in the world by Fortune Magazine.
Statoil is today a considerable international company, with 22.000 employees in 36 countries all over the world and it is Europe’s second largest natural gas supplier. The company manages the whole value chain from exploration and development of oil and gas fields to operations of production platforms and retailing of oil and gas products.
Statoil merged with Norsk Hydro and gas division 1th October 2007, and was given the temporary name, “Statoil Hydro”. The company changed its name back to Statoil ASA on November 1, 2009.
PEST model:
STATOIL ASA
STATOIL ASA
Political:
The political environment in which a firm operates has a major impact on its operations and profitability, and is mainly influenced by the political forces in an industry or country.
The political environment will have a large impact on Statoil’s opportunities for international growth and investment choices as it operates under demanding political conditions worldwide. These forces will especially determine its chances of getting access to resources and establish relationships with host governments and NOC’s (National Oil Company).
Control over oil and gas fields are becoming increasingly political. This is due to the profits of such reserves is extremely high. This means that each country want control over their own resources. For Statoil, which operates in 36 countries, this may mean that countries will nationalize their resources to domestic firms.
Developing countries with unstable dictatorship or a history of sudden nationalization are examples of political risks may be obvious. Or more