Oil and water do mix

The merger last October of Norway's Statoil with domestic rival Norsk Hydro's energy division created the largest offshore oil and gas company in the world, as well as the biggest revenue-producing business in the Nordic region. Petter Kapstad, StatoilHydro's chief risk officer, talks to Rob Davies about the company's approach to enterprise risk management

petterkapstad-jpg

Fuelled by surging demand from the rapidly emerging Asian economic powers of China and India, as well as fears over supply constraints, the price of oil has almost doubled in the past year. The one-month futures price for Brent crude oil was $66.51 a barrel on May 14, 2007; on May 22, 2008, the price stood at $130.51. Furthermore, the likes of Goldman Sachs have predicted oil prices could touch $200 within the next two years.

StatoilHydro, the largest revenue-generating company in the Nordic

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here