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| Type | Fuel station |
|---|---|
Number of locations | 500 |
Area served | Sweden |
| Owner | StatoilHydro |
| Website | www |
Hydro was a chain of fuel stations throughout Sweden owned by Statoil. The chain had more than 500 stations, as well as some unmanned Uno-X stations. The company also operated in retailing natural gas, electricity and heating oil.[ citation needed ]
The Hydro chain was created in the late 1980s when Norsk Hydro bought the Mobil stations in Norway, Sweden and Denmark to transform itself to a vertically integrated petroleum company. The stations were rebranded Hydro in all three countries.[ citation needed ] In 1995 the Norwegian and Danish stations were converted to Hydro Texaco when Hydro merged its stations in the two countries with Texaco's stations. In 2007 the ownership of Hydro was transferred to StatoilHydro when Norsk Hydro's oil and gas division merged with Statoil. When StatoilHydro was renamed Statoil in November 2009, the use of the Hydro-brand was discontinued and ownership of the Hydro filling stations was transferred to St1.[ citation needed ]
The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country has a very high standard of living compared with other European countries, and a strongly integrated welfare system. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. According to United Nations data for 2018, Norway together with Luxembourg, and Switzerland are the only three countries in the world with a GDP per capita above US$70,000 that are neither island nations nor microstates.
Texaco, Inc. is an American oil subsidiary of Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron Corporation in 2001, at which time most of its station franchises were divested to the Shell Oil Company. It began as the Texas Fuel Company, founded in 1902 in Beaumont, Texas, by Joseph S. Cullinan, Thomas J. Donoghue, Walter Benona Sharp, and Arnold Schlaet upon the discovery of oil at Spindletop.
Statoil ASA was a Norwegian petroleum company established in 1972. It merged with the oil and gas division of Norsk Hydro in 2007 and was known as StatoilHydro until 2009, when the name was changed back to Statoil ASA. The brand Statoil was retained as a chain of fuel stations owned by StatoilHydro. Statoil was the largest petroleum company in the Nordic countries. In the 2013 Fortune 500, Statoil was ranked as the 39th -largest company in the world. While Statoil was listed on both the Oslo Stock Exchange and the New York Stock Exchange, the Norwegian state still held majority ownership, with 64%. The company's headquarters are located in Norway's oil capital Stavanger. The name Statoil was a truncated form of the State's oil (company).
Norsk Hydro ASA is a Norwegian aluminium and renewable energy company, headquartered in Oslo. It is one of the largest aluminium companies worldwide. It has operations in some 50 countries around the world and is active on all continents. The Norwegian state owns 34.3% of the company through the Ministry of Trade, Industry and Fisheries. A further 6.5% is owned by Folketrygdfond, which administers the Government Pension Fund of Norway. Norsk Hydro employs approximately 35,000 people. Hilde Merete Aasheim has been the CEO since May, 2019.
ICA Gruppen AB (publ) is a Swedish retailer with a focus on food and health. The group also owns a bank, real estate division and a pharmacy chain.
Eivind Kristofer Reiten is a Norwegian economist, corporate officer and politician for the Centre Party. He served as Minister of Fisheries from 1985-1986 and Minister of Petroleum and Energy from 1989-1990, before entering a career in business. Reiten served as the Director General (CEO) of Norsk Hydro between 2001 and 2009, after which he took up the chairmanship of Norske Skog. Eivind Reiten was also Chairman of StatoilHydro for four days until he resigned from his position after Norsk Hydro had been accused of corruption.
YX Energi, formerly known as Hydro Texaco, is a Norwegian and Danish gas station chain formed after the merge of the Hydro and Texaco gas station chains in 1995. In 2006 the company was bought by Reitangruppen and incorporated into their chain including the implementation of 7-Eleven brand on the service stations. Uno-X and Rema Bensin are low-cost brand names of YX.
Saga Petroleum ASA was a Norwegian upstream petroleum company established in 1972 that was acquired by Norsk Hydro in 1999. In October 2007 it was made part of Statoil. The company was the only fully private oil company in Norway. It had partial ownership of 60 oil field licenses and was operator of 18. Saga had an international profile, including major operations on the British continental shelf as well as minor operations in Angola, Indonesia, Libya and Namibia.
State's Direct Financial Interest (SDFI) is a portfolio of the Norwegian government's directly owned exploration and production licenses for petroleum and natural gas on the Norwegian continental shelf. The Norwegian government-owned company Petoro has managed the SDFI portfolio since 2001.
Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. By revenue, while under Statoil name, Equinor was ranked by Forbes Magazine (2013) as the world's eleventh largest oil and gas company and the twenty-sixth largest company, regardless of industry, by profit in the world. In the 2020 Forbes Global 2000, Equinor was ranked as the 165th-largest public company in the world. The company has about 20,200 employees.
Hydro Oil & Gas is a defunct division of Norsk Hydro that operated within the oil and gas industry. On October 1, 2007 it merged with Statoil to form the new corporation StatoilHydro.
Uno-X is a chain of unmanned fuel stations throughout Norway and Denmark. It is operated as the low-cost section of YX Energi. The chain was originally created as a low cost chain in Denmark in the late 1950s. The rights to use the name in Sweden were sold to Britain's Burmah Oil. In 1991 Norsk Hydro acquired the 330 outlets of the Danish operation and five years later it bought the Swedish Uno-X chain from Burmah.
Naturkraft is a Norwegian power company that operates one natural gas powered thermal power station located at Kårstø. It also holds a permit to build a second one at Kollsnes. The company is owned by Statoil and Statkraft, with 50% each.
Events in the year 2006 in Norway.
Braathens Helikopter A/S was a Norwegian helicopter airline based at Stavanger Airport, Sola, and Bergen Airport, Flesland. It used a fleet of seven Aérospatiale Super Pumas to serve offshore oil platforms in the North Sea. The customers were Phillips Petroleum, Norsk Hydro, Statoil, Amoco and British Petroleum, serving their oil fields Ekofisk, Oseberg, Gullfaks, Veslefrikk, Valhall, Ula and Gyda. Braathens Helikopter operated from 1989 to 1993, after which it was sold to and merged with the main competitor, Helikopter Service. Braathens Helikopter was owned by Ludvig G. Braathens Rederi and was a sister company of the airline Braathens SAFE.
Sture Terminal is an oil terminal at Stura in Øygarden municipality, 50 km (31 mi) northwest of Bergen, Norway. It receives oil and condensate from Oseberg, Veslefrikk, Brage, Oseberg Sør, Oseberg Øst, Tune and Huldra fields through 115 km (71 mi) Oseberg Transport System (OTS) and oil from Grane oil field through 212 km (132 mi) Grane oil pipeline.
Grane is an offshore oil field in the North Sea located 185 km (115 mi) west of the city of Haugesund on the western coast of Norway. It is Norway's first heavy crude oil production field and Statoil's largest heavy oil field in the Norwegian continental shelf. The oil from the field, located in Block 25/11 is transported to Sture terminal via Grane oil pipeline. The injection gas is imported to Grane oil field from the Heimdal, located just north the field.
Vale is an offshore gas field in the North Sea located 16 kilometres (9.9 mi) north of the Heimdal gas field. The depth of the water in the field area is 115 metres (377 ft). Vale is considered a satellite to Heimdal field and is connected to it by a pipeline. Estimated reserves at Vale stand at 2.5 billion cubic metres of natural gas and 21 million barrels (3,300,000 m3) of gas condensate. Vale gas field is expected to produce 1.6 million cubic metres per day of natural gas and 2,600 barrels per day (410 m3/d) of condensate.
The Nyhamna Gas Plant is a large and significant natural-gas processing plant in Aukra, Møre og Romsdal, Norway. As of January 2018, Norway was the world's third-largest natural gas exporter, after Russia and Qatar.
