Sache COMP/M.4919 – STATOILHYDRO/ CONOCOPHILLIPS
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Sydhavna (Sjursøya) – an Area with Increased Risk
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Case No COMP/M.4919 – STATOILHYDRO/ CONOCOPHILLIPS
EN This text is made available for information purposes only. A summary of this decision is published in all Community languages in the Official Journal of the European Union. Case No COMP/M.4919 – STATOILHYDRO/ CONOCOPHILLIPS Only the English text is authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 8 (2) Date: 21/10/2008 COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 21/10/2008 C(2008)6125final PUBLIC VERSION COMMISSION DECISION of 21/10/2008 declaring a concentration to be compatible with the common market and the EEA Agreement (Case No COMP/M.4919 - STATOILHYDRO/ CONOCOPHILLIPS) COMMISSION DECISION of 21/10/2008 declaring a concentration to be compatible with the common market and the EEA Agreement (Case No COMP/M.4919 STATOILHYDRO / CONOCOPHILLIPS) (Only the English text is authentic) (Text with EEA relevance) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to the Agreement on the European Economic Area, and in particular Article 57 thereof, Having regard to Council Regulation (EC) No 139/2004 of 20 January 2004 on the control of concentrations between undertakings1, and in particular Article 8(2) thereof, Having regard to the Commission's decision of 13 May 2008 to initiate proceedings in this case, After consulting the Advisory Committee on Concentrations, Having regard to the final report of the Hearing Officer in this case2, Whereas: 1. INTRODUCTION (1) On 14 March 2008, the Commission received a notification pursuant to Article 4 of Regulation (EC) No 139/2004 ("the Merger Regulation") of a proposed concentration by which the undertaking StatoilHydro ASA ("SH", Norway) acquires within the meaning of Article 3(1)(b) of the Merger Regulation the Scandinavian 1 OJ L 24, 29.1.2004, p. -
Uno-X Gruppen Annual Report 2016
UNO-X GRUPPEN ANNUAL REPORT 2016 The most efficient and most value driven fuel and lubricant company in the Nordic region Key Figures Amounts in NOK million OUTLETS 2016 2015 Number of Uno-X outlets per 31 December 421 432 Number of YX outlets per 31 December 210 207 RESULT 2016 2015 Operating revenue incl. excise duties 16 088 16 778 Excise duties -7 653 -7 244 Operating revenue 8 435 9 534 Operating profit 602 372 FIFO effect 76 -173 Profit before taxes 583 378 Profit for the year 442 276 PROFITABILITY 2016 2015 Operating margin 7,1 % 3,9 % Cash flow margin 8,9 % 5,4 % Return on assets 17,0 % 11,0 % Return on equity 33,0 % 20,0 % BALANCE SHEET 31.12.16 31.12.15 Non-current assets 1 476 1 325 Current assets 2 256 2 094 Equity 1 280 1 387 Non-current liabilities 321 328 Current liabilities 2 131 1 704 Total capital 3 732 3 419 Equity ratio 34,3 % 40,6 % CASH FLOW 2016 2015 EBITDA before FIFO 677 690 EBITDA after FIFO 753 517 Net investment in fixed assets 306 216 Cash at 31 December 79 237 Current borrowings at 31 December 166 - Net interest-bearing debt (receivables) at 31 December 68 -239 For definitions of key figures, see page 56. 2 | Uno-X Gruppen Annual Report 2016 Contents Key Figures .................................................................. 2 10 years in the Reitangruppen family ........................... 4 Directors’ Report.......................................................... 8 Consolidated Financial Statements ............................ 14 Income Statement ������������������������������������������������������������������15 Balance Sheet - Assets �����������������������������������������������������������16 Balance Sheet - Equity and liabilities ......................................17 Equity .....................................................................................18 Statement of Cash Flow ����������������������������������������������������������19 Notes to the Financial Statements ...........................................20 Financial Statements ................................................ -
Energy Policies of IEA Countries Norway
Please note that this PDF is subject to specifi c restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/about/copyright.asp Energy Policies of IEA Countries Norway 2011 Review Energy Policies of IEA Countries Norway Norway has a unique twin role as a major oil and gas producer and a strong global advocate of climate change mitigation. As the third-largest exporter of energy in the world, it contributes to global energy security by providing reliable supplies to consuming countries. At the same time, the Norwegians highly value environmental sustainability and the country is taking climate policy very seriously. Norway also manages its petroleum resources and revenue in a commendable way, setting a model for other countries. The challenge now for the government is to stimulate further increases in natural gas and petroleum production from safe and environmentally sustainable operations. Norway’s large potential for hydropower generation is an asset, as European electricity markets are integrating and variable renewable energy generation is set to increase. More cross-border interconnections are needed to realise the full potential of hydropower for balancing variations in demand and supply in the regional market. Increased interconnections would also improve electricity security in Norway in times of low hydropower availability. Gas-fi red power plants should also be considered for use for the same purpose. In order to meet its ambitious targets to reduce greenhouse gas emissions, Norway needs to step up efforts at home. Although the dominance of low-carbon electricity in the energy mix limits the scope for domestic measures, large potential for emission reductions remains in oil and gas production, manufacturing and transport. -
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UNO-X GRUPPEN Annual Report 2015
UNO-X GRUPPEN Annual Report 2015 Uno-X supports MOT’s work for a safe and caring youth environment Key Figures Amounts in NOK million TURNOVER/OUTLETS 2015 2014 Turnover incl. excise duties 16,875 18,154 Excise duties -7,244 -6,702 Turnover ex. excise duties 9,631 11,452 Number of Uno-X outlets per 31 December 432 435 Number of YX outlets per 31 December 207 199 RESULT 2015 2014 Revenue 9,534 11,259 Operating profit 372 223 FIFO effect -173 -198 Profit before taxes 378 227 Profit for the year 276 167 PROFITABILITY 2015 2014 Operating margin 3.9 % 1.9 % Cash flow margin 5.4 % 3.2 % Return on assets 11.0 % 6.5 % Return on equity 20.0 % 11.8 % BALANCE SHEET 31.12.15 31.12.14 Non-current assets 1,325 1,224 Current assets 2,094 2,351 Equity 1,387 1,381 Non-current liabilities 328 320 Current liabilities 1,704 1,874 Total capital 3,419 3,575 Equity ratio 40.6 % 38.6 % CASH FLOW 2015 2014 EBITDA before FIFO 690 560 EBITDA after FIFO 517 362 Net investment in fixed assets 216 210 Cash and cash equivalents at 31 December 237 123 Current borrowings at 31 December - 150 Net interest-bearing debt (receivables) at 31 December -239 24 For definitions of key figures, see page 66. 2 | Uno-X Gruppen Annual Report 2015 Contents Key Figures .................................................................................................................................. 2 About Uno-X Gruppen .................................................................................................................. 4 Directors’ Report ........................................................................................................................