Statoil ASA, the Norwegian government-controlled oil and gas business, was widely acknowledged as one of the very best performing National Oil Companies (NOCs). Statoil was set up in the year 1972 after oil was detected on Norwegian continental shelf (NCS). The Norwegian government possessed 67% of Statoil as well as the company was enlisted on the Oslo and New York Stock exchanges. In the year 2014, Statoil was confronting with serious outcomes.
The organization’s petroleum and gas generation wasn't growing, and international performance lagged behind Norwegian results. The company had recently declared it was going to back off its 2020 creation targets and cut back on capital expenditure.
Statoil's Evolving Strategy case study solution
PUBLICATION DATE: December 15, 2014 PRODUCT #: TB0377-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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