DOCSLIB.ORG

Annual Report 1984

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 1984 Den norske stats oljeselskap a.s Annual report and accounts 1984 s ‘V • •. \\\~ \ \‘\V \ V’ StøtølI Den norske stats oljeselskap a.s Contents The Board of Directors Company Assembly 4 Highlights Chairman: Inge Johansen, Managing Chairman: Per Magnar Arnstad, 6 Report of the Board of Director Managing Director Directors for 1984 Vice-Chairman: Vidkunn Hveding, Vice-Chairman: Evy Buverud 17 Profit and loss statement for Director Pedersen, Trade Union Secretary 1984 Fredrik Thoresen, Managing Director Odd Bakkejord, Trade Union 18 Balance sheet as of Thor Andreassen, Managing Director Secretary 31 December 1984 Benedicte Berg Schilbred, Grethe Westergaard-Bjørlo, Teacher 20 Comments Managing Director Aud-Inger Aure, Secretary 29 Articies of Association Kåre Ellingsgård, County Executive Egil Flaatin, Managing Director 30 Statoil’s sales of crude oil Atle A. Thunes, Project Manager Johan Nordvik, Mayor and refined products Gunnar Langvik, Section Manager Martha Sæter, Cierk 36 Survey of Statoil’s interests Bjøm Lian, Section Manager in licenses allocated Alternate Members Aina Jørgensen, Accountant 38 Exploration and delineation Jan Skaar, Director Ellen Qvigstad, Systems Manager wells in 1984 Gerd Schanche, Housewife Lars Bakka, Legal Counsel 39 Survey of the Group’s Erling Haug, Chartered Engineer activities in 1984 Margaret B. L. Sanner, Alternate members Executive Secretary Alv Jakob Fostervoll, Tor Ragnar Pedersen, County Governor Maintenance Worker Johannes Andreassen, Administration Geir S. Amland, Manager Department Manager Ragnhild Midtbø, Teacher Vidar Thomassen, Systems Engineer Auditor Anne Margrethe Blaker, Product Manager Endresen, Klette & Co., Inger Helen Førland, Senior Engineer State Authorized Auditors Anne Grete Tveiten, Planner Victor Jensen, Purchasing Consultant Jan Otto Askim, Operator Kristine Abelsnes, Librarian Organisation chart, March 1985 EXECUTIVE COMMIT~EE President A Johnsen Sen E~ec Vice Pres H Ager-l-lanssen Exec Vice Pres Exec V ce Pres Exec Vce Pres Exec Vice Pres J M Huslid J En M Bekkeheien J øsnevad SAFETY, OUALITY PUBLIC AFFAIRS ASSURANCE AND INFORMATION LEGAL AFFAIRS Manager 0 J Tveit Manager W H Olsen Manager J S Middelihon Asst Mgr T Vere Assi Manager H Lavik RESEARCH AND FINANCE AND PERSONNEL AND DEVELOPMENT ADMINISTRATION ORGAN IZATION Sen Vice Pres .1 øverli Sen Vice Pres E Eik Sen V~ce Pres K E Egeland Vce Pres T I Willumsen Vice Pres N Gjedrem TECHNOLOGY AND EXPLORATION AND TRANSPORT REFINING AND PROJECTS PRODUCTION MARKETING Sen Vice Pres T J Valde Sen Vice Pres Sen Vice Pres T Espedal Sen ce Pres J E Sandvlk Vice Pres 0 Rekdal Vice Pres T I Pedorsen Vice Pres 1< Killerud Vice Pres E øverland The front cover shows the Statfjord tanker M/T Polyviking riding rough seas on its way The Gullfaks A concrete gravity to Rotterdam to deliver a cargo of oil. base structure in Stavanger. 2 4. /0 7 -I ~- :;~ /- • i. / r — g’ — v ~ / •~ .:•~‘~ ~. •,.k •:/..~ ~ ( / ~ ., 1 ~ , g.- -~ ~ I ~ j ~j I-- I. (F,\ ~, :~ •~, .1.; :7 •~‘ :~ I: -~ i t .~ ig [g ts Amounts in millions of NOK Profit and loss statement The Statoil Group Statoti 1984 1983 1982 1984 1983 1982 Operating income 35644 26305 17495 32532 23909 14883 Operating protit 11 451 8641 5 747 11107 8458 5360 Financial costs 3748 1949 2332 3539 1813 2138 Profit before year end adjustments 7722 6709 3432 7563 6652 3235 NeI income 1174 1 368 402 1110 1 458 433 Balance sheet The Statoii Group Statoil 1984 1983 1982 1984 1983 1982 Current assets 5490 4456 3886 4184 3559 2943 Fixed assets 40475 28 134 19661 39415 27114 18706 Current liabihties 12 686 9 971 6 782 Il 628 9 246 6 202 Long-term liabilities 24869 15533 11529 23934 14592 10455 Untaxed reserves 4199 3338 2071 3805 3004 1824 Shareholders equity 4053 3588 3015 4232 3831 3168 Other highlights The Statoil Group Statoil 1984 1983 1982 1984 1983 1982 Investments 14210 9750 6 123 13992 9537 5928 Ordinary depreciation 1 869 1 272 859 1691 1 117 707 Shares 2944 2944 2944 2944 2944 2944 Total rate of return 30,7°/o 32.2% 32.1°/o Shareholders equity 38,8°/o 60,9°/o 29.8% Personnel The Statoil Group Statoil 1984 1983 1982 1984 1983 1982 Number of employees as of 31 Dec. 4855 3534 2933 3618 2300 1660 Salaries and social costs 1 239 812 617 909 536 366 • Definition page 25. •‘. 4 Report of the Board of Directors for 1984 Introduction NOK 2 billion on previous estimates. Regular 1984 produced satisfactory results for the Statoil production is planned from January 1986. Group. The consolidated net income amounted to NOK 1,174 million compared to NOK 1,368 million Pipeline from Ula in 1983. Operating income increased by 35.5 per cent Statoil completed the installation and testing of the to NOK 35,644 million, which can be attributed pri 70 km long pipeline from the Ula field to Ekofisk in marily to increased production from the Statfjord June 1984. The pipeline is linked to the Norpipe field and a higher dollar rate than last year. transport system at the Ekofisk centre. Statoil owns the In total, the Statoil Group will be paying NOK pipeline. 9,473 million in taxes and royalties for 1984. Divi Ula is scheduled to come on stream in 1986. dends to the state, as owner, are proposed at NOK 717 million. Mongstad Statoil’s development projects, Gullfaks and Stat In spring 1984, the Storting approved the expansion pipe, are on schedule and within budget. Statoil has of refinery capacity at Mongstad from 4 to 6.5 million commenced work on the expansion of the Mongstad tonnes crude per year and the construction of a crude refinery and construction of a crude oil terminal on oil terminal with a capacity of 1.3 billion cubic metres an adjoining site. of crude. Statoil discovered new and interesting reserves of In the summer of 1984 a project team was establish oil and gas at Haltenbanken and Tromsøflaket last ed and commenced pre-engineering. Civil work at year. Mongstad started in November 1984 with the prepara In 1984 the Storting discussed several matters of tion of the site. The crude oil terminal is expected to importance to the company, hi particular Statoil’s be in operation in the autumn of 1988 and the future role. It was decided that the company will expanded refinery will be ready for production in the continue to bok after the state’s overall business spring of 1989. interests on the Norwegian continental shelf. The The new refinery will produce a high proportion of cash flow for each field is to be split between Statoil the more valuable light products, especially gasoline and the state. The Storting approved the transfer of and auto diesel. the Statfjord operatorship from Mobil to Statoil. The value added ol the consolidated companies ~ Retained for future value added LI Interest to borrowers Statoll development projects B Employees’ gross salaries and social benefits Gullfaks Dividends to the Governrnent Phase I comprises the Gullfaks A and B platforms, • Royalties, taxes and petrol tax, etc. two loading buoys and nine subsea production wells. Millions of NOK At the end of 1984, most of the modules for Gullfaks 20000 A were complete. In summer 1985 the gravity base structure will be towed to Stord, where the deck is ___________ 16000 under construction. The platform will be towed to the field one year later. Production is scheduled to start in summer 1987. • 12000 Detailed engineering of deck, modules, accommo dation, gravity base structure and pipelines for Gull faks B has proceeded during 1984. The construction of the concrete gravity base structure started in October. The Gullfaks B platform is less complex than Gull ::: faks A, because production from B will be piped to the A platform for processing. Output from the second platform is expected to start towards the end of 1988. 1982 1983 1984 Total recoverable reserves are estimated at 185 milli on tonnes of oil and 24 billion cubic metres of gas. On of the completed preassembied packages for the terminal at Kårste supplied by Rosen Statpipe berg Verft, Stavanger. The Statpipe system will transport gas from Statfjord and Gullfaks to Kårstø for wet gas separation. Dry gas The terminal photographed during winter time will be transported onwards together with gas from with most of the installations in position. Heimdal to Ekofisk. A substantial preassembied package being Construction of the Statpipe transport system is on placed on site at the terminal complex. schedule. The laying of 880 km of pipeline, including General Manager Egil Sæl cutting the cake at 840 km offshore, was completed in 1984. The two off the inauguration of the administration shore riser platforms were also completed last year. building at Kårstø. Klara Sand and Eivind At the end of the year approximately 2,500 people Helgesen lend a hand. were building the terminal at Kårstø. The southernmost part of the Statpipe system, Total investments in the Statpipe system are riser platform 2/4 R at the Ekofisk centre, estimated at NOK 18.5 billion, a reduction of almost during the past part of the installation work. 6 fl» --ti / v- -~ ~tr~ ~~‘-- —~r - 4. ~ —v / v— :./ ‘/ /Ç.-r l~ 4 Oil- I ~nt * -e -~ r Çit fjj5~ L - -_t - i-- - ~‘t0~ -‘ -v —~ 4 • a l~~l.~%: ~ • ~\~:‘~ -- L i —i. I_ tj-’L.~:4q -tI -: - ~ -*~- • i.-, I. / -I - Exploration and production All pieces in positions at the Statfjord field. Statfjord C followed by Statfjord A and Statfjord B. In the distance yo can Statfjord also see the installations on the British part of the shelf. Statoil’s operating income from Statfjord production in 1984 was NOK 16.6 billion and the operating profit was NOK 11.8 billion.
Load more

Recommended publications
  • Candidates Nominated to the Board of Directors in Gjensidige Forsikring ASA
    Office translation for information purpose only Appendix 18 Candidates nominated to the Board of Directors in Gjensidige Forsikring ASA Per Andersen Born in 1947, lives in Oslo Occupation/position: Managing Director, Det norske myntverket AS Education/background: Chartered engineer and Master of Science in Business and Economics, officer’s training school, Director of Marketing and Sales and other positions with IBM, CEO of Gjensidige, CEO of Posten Norge and Managing Director of ErgoGroup, senior consultant to the CEO of Posten Norge, CEO of Lindorff. Trond Vegard Andersen Born in 1960, lives in Fredrikstad Occupation/position: Managing Director of Fredrikstad Energi AS Education/background: Certified public accountant and Master of Science in Business and Economics from the Norwegian School of Business Economics and Administration (NHH) Offices for Gjensidige: Member of owner committee in East Norway Organisational experience: Chairman of the Board for all FEAS subsidiaries, board member for Værste AS (regional development in Fredrikstad) Hans-Erik Folke Andersson Born in 1950, Swedish, lives in Djursholm Occupation/position: Consultant, former Managing Director of insurance company Skandia, Nordic Director for Marsh & McLennan and Executive Director of Mercantile & General Re Education/background: Statistics, economy, business law and administration from Stockholm University Offices for Gjensidige: Board member since 2008 Organisational experience: Chairman of the Board of Semcon AB, Erik Penser Bankaktiebolag and Canvisa AB and a board member of Cision AB. Per Engebreth Askildsrud Born in 1950, lives in Jevnaker Occupation/position: Lawyer, own practice Education/background: Law Offices for Gjensidige: Chairman of the owner committee Laila S. Dahlen Born in 1968, lives in Oslo Occupation/position: Currently at home on maternity leave.
    [Show full text]
  • Mr. Thorleif Enger Elected New Telenor Chairman
    Mr. Thorleif Enger elected new Telenor Chairman The Corporate Assembly of Telenor ASA has elected Mr. Thorleif Enger (59) as new Chairman of the Board. Mr. Enger has been a member of the Board since October 2001. Thorleif Enger has a PhD in Structural Engineering from the University of Colorado, USA and today holds position as Executive Vice President and member of Norsk Hydro Corporate Management, in charge of Hydro Agri, the world's largest fertilizer company. Mr. Enger has been with Norsk Hydro since 1973 and has, among other things, been Project Director for the development of the Oseberg Field in the North Sea and has been responsible for Norsk Hydro's domestic and foreign oil and gas acitivities. From 1970 to 1973 he was employed by Shell Development Company in Houston, Texas. Mr. Thorleif Enger succeeds Mr. Tom Vidar Rygh, who resigned as Chairman in December 2002 when he accepted the position as head of the investment bank Enskilda Securities AB in Sweden. The Board of Telenor ASA after this consist of: Thorleif Enger, Chairman à shild Bendiktsen, Deputy Chairman Hanne de Mora Jørgen Lindegaard Bjørg Ven Einar Førde Per Gunnar Salomonsen (employee representative) Irma Ruth Tystad (employee representative) Harald Stavn (employee representative) A high resolution picture of Mr. Thorleif Enger is available at: http://www.telenor.no/pressesenter/_gfx/trykk_tenger.jpg Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life.
    [Show full text]
  • The Supervisory Board of Gjensidige Forsikring ASA
    The Supervisory Board of Gjensidige Forsikring ASA Name Office Born Address Occupation/position Education/background Organisational experience Bjørn Iversen Member 1948 Reinsvoll Farmer Agricultural economics, Agricultural Head of Oppland county branch of the Norwegian University of Norway in 1972. Landbrukets Farmers' Union 1986-1989, head of the Norwegian sentralforbund 1972-1974, Norges Kjøtt- og Farmers' Union 1991-1997, chair of the supervisory Fleskesentral 1974-1981, state secretary in board of Hed-Opp 1985-89, chair/member of the board the Ministry of Agriculture 1989-1990 of several companies. Chair of the Supervisory Board and Chair of the Nomination Committee of Gjensidige Forsikring ASA. Hilde Myrberg Member 1957 Oslo Senior Vice President MBA Insead, law degree. Chair of the board of Orkla Asia Holding AS, deputy Corporate Governance, chair of the board of Petoro AS, member of the board of Orkla ASA Renewable Energy Corporation ASA, deputy board member of Stålhammar Pro Logo AS, deputy chair of the board of Chr. Salvesen & Chr Thams's Communications Aktieselskap, member of the boards of Industriinvesteringer AS and CGGVeritas SA. Randi Dille Member 1962 Namsos Self-employed, and Economies subjects. Case officer/executive Chair of the boards of Namsskogan Familiepark, Nesset general manager of officer in the agricultural department of the fiskemottak and Namdal Skogselskap, member of the Namdal Bomveiselskap, County Governor of Nord-Trøndelag, boards of several other companies. Sits on Nord- Namsos national recruitment project manager for Trøndelag County Council and the municipal Industribyggeselskap and the Norwegian Fur Breeders' Association, council/municipal executive board of Namsos Nordisk Reinskinn own company NTN AS from 1999.
    [Show full text]
  • 0 STATOIL Den Norske Stats Oljeselskap A.S - Statoil - Was Founded in 1972
    DEN NORSKE STATS O L J ESE [S K A P A.S ANNUAL REPORT AND ACCOUNTS NINETEEN HUNDRED AND NINETY-FIVE 0 STATOIL Den norske stats oljeselskap a.s - Statoil - was founded in 1972. All its shares are owned by the Norwegian state. The company’s object is, either by itself or through participation in or together with other companies, to car,y out exploration, production, trans portation, refining and marketing of petroleum and petroleum-derived products, as well as other business. Net operating revenue for the group in 1995 totalled NOK 87 billion. At 3’l December, it had some 14 000 employees. Statoil is the leading player on the Norwegian continental shelfand the biggest petrol retail er in Scandinavia. It also ranks as one of the world’s largest net sellers ofcrude oil and is a substantial supplier II of natural gas to continental Europe. The group has pur sued a gradual expansion outside Scandinavia in recent years. Statoil is responsible for managing the govern I ment’s directfinancial interest in partnerships engaged in exploration for as well as development, production and fransport ofpefroleum on the Norwegian continental shelf ‘p. Statoil operates in the following countries: Norway • Sweden • Denmark • Germany • Poland • Estonia Latvia • Lithuania • UK • Ireland • Belgium • Russia • Thailand Vietnam • Malaysia • Singapore • Azerbaijan • Kazakhstan Angola • Namibia • Nigeria • USA • Venezuela • China ______L 1995 Statoil made the biggest oil discovery off Denmark for 18 years as operator on the Sin structure, which is estimated to hold 145 million barrels of commercially-recoverable oil. Statoil took over as production operator on the Heidrun field, which has a daily output of 220 000 barrels of oil.
    [Show full text]
  • Download Bios of Tone H Bachke and Jørgen C. Arentz Rostrup
    Tone H. Bachke Tone H. Bachke, born 1972, has more than 20 years of business experience in an international context. In Telenor, she has held the position as SVP and Head of Group Treasury upon joining the company in September 2018. She has a broad range of management positions in several companies and across industries, including CEO of Implenia Norge AS, CFO of Kistefos AS, as well as various management positions in Aker Solutions, including SVP and CFO of Aker Process Systems. She also serves on the Board of Directors for Veidekke ASA. Education: Bachke holds a degree in economics and business administration from Norwegian School of Economics (NHH). Jørgen C. Arentz Rostrup Jørgen Rostrup, born 1966, has more than 20 years’ business experience in an international context. For the past years as CFO for Telenor Group, Jørgen has been instrumental in setting a solid course for the company of growth and modernisation. Through Telenor’s operational excellence measures, a sharper focus on what creates value, and a dedication to uncovering efficiencies over time, the company is today one of the best-positioned global telcos. Prior to joining Telenor Group in 2016 as CFO, he served as President of Yara North America, Inc. Rostrup has held a broad range of management positions in two of Norway’s leading companies, including Country Manager for Yara Ghana Ltd., CFO in Norsk Hydro AS, Executive Vice President Energy in Hydro and CFO for Hydro’s Norwegian oil and gas activity. Rostrup has also served on several boards, including positions within the private equity and investment banking area.
    [Show full text]
  • Hydro's Approach to Sustainability
    Copyrighted material. Reproduction or distribution without written permission of the presenter is prohibited. HYDRO’S APPROACH TO SUSTAINABILITY Hans Erik Vatne CTO, Norsk Hydro 1 About the Presenter • Hans Erik Vatne, PhD – Senior Vice President and Chief Technology Officer – Head of Corporate Technology Office, Norsk Hydro – BoD, NTNU Faculty of Natural Sciences – BoD, Research Council of Norway Portfolio Board • [email protected] • Twitter: @HansErikVatne 2 Contents • Introduction: • Hydro’s approach to sustainability – Hydro in brief – Bauxite and alumina – Global sentiment – Primary aluminium – Hydro’s sustainability targets – Casthouse area and recycling – Product development 3 4 Building industries that matter A leading industrial company with basis in renewable energy and aluminium • Global provider of aluminium raw materials, products and solutions and of renewable energy • First-class operations within renewable energy, raw materials, primary aluminium metal, rolled products, extruded solutions and recycling • 34,000 employees at 140 locations in 40 countries • Market cap ~USD 9 billion (as per January ‘21) • Annual revenues ~USD 15 billion (2020) • Included in Dow Jones Sustainability Indices, Global Compact 100, FTSE4Good 4 Introduction Strong increase in sustainability, environment and climate awareness Action and improvement needed on waste, recycling and emissions (CO2) to defend aluminium’s position 5 Sustainability challenges and opportunities in the aluminium value chain 6 Hydro’s 2030 sustainability targets
    [Show full text]
  • Two New Members Elected to the Board of Telenor ASA
    Two new members elected to the Board of Telenor ASA The Corporate Assembly of Telenor has elected two new members to the Board of Telenor ASA. They are Ms. Liselott Kilaas and Mr. John Giverholt. Liselott Kilaas (44) has a M.Sc. from the University of Oslo and an MBA from International Institute for Management Development (IMD) in Lausanne and today heads the Business area Communication and Security Systems of Zenitel in Norway. She has previously held leading positions in the oil industry, PA Consulting Group and Stento AS. John Giverholt (51) has a B.Sc. from the University of Manchester, England and is a state authorized public accountant in Norway. He is presently Chief Financial Officer of Ferd AS and has previously held leading positions in Arthur Andersen, Actinor, Norsk Hydro, DnB and Orkla. Ms. Bjørg Ven becomes new deputy chairman as Ms. Ã shild Bendiktsen leaves the Board. The Board of Telenor ASA will then consist of: Thorleif Enger, Chairman Bjørg Ven, Deputy Chairman Hanne de Mora Jørgen Lindegaard Einar Førde John Giverholt Liselott Kilaas Per Gunnar Salomonsen (employee representative) Irma Ruth Tystad (employee representative) Harald Stavn (employee representative) Photos and more information about Board members: https://www.telenor.com/about/group/management/board_of_directors/ Further information: Head of the Corporate Assembly, Ms. Mona Røkke, tel: (+47) 928 98 470 Telenor Group is one of the world's major mobile operators. We keep our customers connected in our markets across Scandinavia and Asia. Our more than 30,000 employees are committed to responsible business conduct and being our customers' favourite partner in digital life.
    [Show full text]
  • Subsea Brochure Final.Pdf
    — INSUBSEA® Power and Automation Expanding capacity, extending lifespan and reducing cost for oil and gas fields — ABB Energy Industries abb.com/oilandgas © Copyright 2020 ABB. All rights reserved. Specifications subject to change without notice. 9AKK107045A3106 2 INSUBSEA® POWER AND AUTOMATION 3 — — We are making a world of Table of contents difference by enabling safe, smart and sustainable operations through innovative & integrated solutions that digitalize, automate 04 Challenges facing the offshore & electrify the industry. ABB has sector been a leading innovator in 05 Pre-studies to front-end engineering and design developing the next generation of 06 Subsea power subsea technologies for our energy 07 Long step-out system customers. 08 Direct electrical heating 09 Subsea power distribution system 10 Subsea automation 11 Going the distance 12-13 Global references 4 INSUBSEA® POWER AND AUTOMATION 5 — — Challenges facing the offshore sector Pre-studies to front-end engineering and design “Subsea to market” is a future vision whereby the — — ABB’s specialists have a thorough understanding entire processing plant – production, separation Benefits Challenge of the power requirements for subsea and storage – is relocated to the sea bed, from applications such as boosting and separation, which oil and gas is piped directly to onshore • Minimizes capital and operating expenditures Today’s projects need to be completed on- and add high-value expertise to both system and tanks. through lower project investment and schedule, on budget and without any risks to application engineering. Analyzing the system maintenance personnel or future production. usage under both steady state and dynamic Fully powered and automated subsea oil and gas • Improves recovery rates conditions reduces any risks associated with production facilities, moves platform workers to • Extends life of aging assets — equipment dimensioning.
    [Show full text]
  • Annual Report 2019 .Pdf 18MB
    Annual Report Statkraft AS 2019 CONTENT 3 Introduction 3 Statkraft at a glance 6 The Board of Directors 7 The Corporate Management 8 Letter from the CEO 9 Report from the Board of Directors 12 Strategy – Powering a green future 16 Financial performance 20 Segments 25 Risk management 29 Sustainability 31 Sustainability management 33 Statkraft’s contribution 35 Social disclosures 41 Environmental disclosures 45 Economic disclosures 49 Corporate Governance 59 Statements 59 Group Financial Statements 59 Financial Statements 64 Notes 129 Statkraft AS Financial Statements 129 Financial Statements 133 Notes 150 Auditor’s Statement 155 Sustainability Statement 170 Auditor’s Statement 176 Declaration from the Board of Directors and CEO 177 Key figures and Alternative Performance Measures Statkraft is a leading renewable energy company with activities on three continents within hydro, wind and solar. Through our market activities and production assets we create value for our owner, our customers and the societies we operate in. Statkraft at a glance USA Statkraft has 4.000 employees Peru Brazil in 16 countries Chile Europe’s largest producer of renewable energy EBIT underlying Net profit Cash flow from operations 17.6 11.3 12.0 NOK BILLION NOK BILLION NOK BILLION ROACE Net interest-bearing debt Dividend paid in 2019 16.3 16.0 8.5 PER CENT NOK BILLION NOK BILLION Norway Sweden The Netherlands United Kingdom Ireland Germany France Spain Nepal Albania Turkey India Power generated in 2019 Share renewable energy Investments in 2019 61 93 7.4 TWH PER CENT NOK BILLION Standard & Poor's Fitch Ratings' long-term rating long-term rating A- BBB+ 59% Norway 27% Europe 14% Outside Europe 5 ANNUAL REPORT 2019 | STATKRAFT AS 6 The Board of Directors From the left: Vilde Eriksen Bjerknes, Mikael Lundin, Ingelise Arntsen, Asbjørn Sevlejordet, Thorhild Widvey, Peter Mellbye, Bengt Ekenstierna, Hilde Drønen and Thorbjørn Holøs Thorhild Widvey Peter Mellbye Hilde Drønen Born 1956, Norwegian Born 1949, Norwegian Born 1961, Norwegian Chair of the board, member since 2016.
    [Show full text]
  • Aker Solutions Prospectus
    PROSPECTUS AKER SOLUTIONS HOLDING ASA to be renamed AKER SOLUTIONS ASA (A public limited liability company organised under the laws of Norway) Listing of the shares in Aker Solutions Holding ASA under its new name Aker Solutions ASA on the Oslo Stock Exchange The information contained in this prospectus (the “Prospectus”) relates to the listing on Oslo Børs (the “Oslo Stock Exchange”) of all ordinary shares (the “Shares”), each with a par value as at the day of listing of NOK 1.08, in Aker Solutions Holding ASA, a public limited liability company organised under the laws of Norway and to be renamed Aker Solutions ASA on the date of completion of the Demerger (as defined below) (“New Aker Solutions” or the “Company”). This Prospectus serves as a listing prospectus as required by applicable laws in Norway. This Prospectus does not constitute an offer or solicitation to buy, subscribe or sell the securities described herein, and no securities are being offered or sold pursuant to this Prospectus in any jurisdiction. On 12 August 2014, the general meetings of the company currently named Aker Solutions ASA (“Existing Aker Solutions”, to be renamed Akastor ASA (“Akastor”) on the date of the completion of the Demerger (as defined below)) and New Aker Solutions approved a demerger plan (the “Demerger Plan”) in respect of, and resolved to carry out, a demerger (the “Demerger”) pursuant to which all shares in Aker Solutions Holding AS — a wholly owned subsidiary of Existing Aker Solutions that owns or will acquire the group of entities carrying out the business discussed in Section 11 “Business Overview” (the “New Aker Solutions Business”) — and certain other assets, rights and liabilities primarily relating to the New Aker Solutions Business as further discussed in Section 5.2 “The Demerger; Admission to Trading of the Shares—Allocation of Assets, Rights and Liabilities in the Demerger”, will be transferred to New Aker Solutions.
    [Show full text]
  • Energy/Power Systems Generation Residential Backup to Traditional Power • Basic Materials • Information Technology Sources
    technologyscanning Energy/Power Fuel Cell Technology Systems Fuel cell technology combines hydrogen and oxygen to generate Generation electricity and pure water. This technology is virtually silent and produces The technology findings here relate no pollution. Fuel cells can be used to to alternative means of power power vehicles, homes, factories, and creation, conservation or offices. They are modular in design , conversion against traditional gas, making them versatile in configuration. Courtesy: Nuvera Fuel Cells coal-produced electric, or nuclear- based power. This area of Fuel Cells Engineering Framework sustainable energy technology is at and Road Map the forefront of a number of Pacific Northwest National industries including housing. Laboratory, Material Resources Group, is establishing a systems engineering framework for the development of fuel cells. They are defining barriers and mapping a plan for advanced fuel cell Technology Scanning development. Nuvera intends to work with leading One of PATH’s major research support Contact: services is PATH Technology Scanning. organizations around the world to Technology Scanning tells us about Bernie Saffell demonstrate and test the commercial technology developments in other Pacific Northwest National Laboratory viability of small-scale power modules. industries, from other nations, from federal Richland, WA laboratories, and from other building The demonstrations will be designed to sectors. PATH looks for breakthroughs in Phone: 509-372-4565 increase overall awareness and perception
    [Show full text]
  • Financial Report 2015 Frontpage, Main Image: on the Farm Finca La Cascada, in Los Farallones in Colombia, Diego Moncada Is the Farm Coordinator on a Coffee Plantation
    Financial Report 2015 Frontpage, main image: On the farm Finca la Cascada, in Los Farallones in Colombia, Diego Moncada is the farm coordinator on a coffee plantation. He works closely with technical engineer in Yara, Juan Fernando Buitrago on improving and increasing his crop. Here they are discussing the soil quality and the next fertilizer, as the crop is in development stage. Frontpage, small image: Yara delivers environmental solutions to improve air quality in Hong Kong. Financial report 2015 Content Introduction 02 Leveraging scale and knowledge 04 Performance overview 06 CEO message 09 Segment introduction 10 Crop Nutrition 11 Industrial 12 Production 13 Supply Chain Chapter 01 14 Report of the Board of Directors Chapter 02 25 Governance and risk management Chapter 03 45 Financial review Financial statements 58 Consolidated financial statements 134 Financial statements for Yara International ASA Who we are Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while protecting the earth's resources, food and environment. Our fertilizers, crop nutrition programs and technologies a culture that promotes the safety of our employees, increase yields, improve product quality and reduce contractors and society. the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality Founded in 1905 to solve emerging famine in Europe, by reducing emissions from industry and transportation, today, Yara has a worldwide presence, with close to and serve as key ingredients in the production of a wide 13,000 employees and sales to about 150 countries. range of goods. Throughout our organization, we foster What we do Yara grows knowledge to improve life by delivering provider of nitrogen fertilizers and industrial applications, solutions for sustainable agriculture and the environment.
    [Show full text]