Saudi Aramco is a national petroleum and natural gas company that is located in Dhahran, Saudi Arabia. The company is valued at a minimum of $1.25 trillion, making it one of the most valuable organizations in the world. Saudi Aramco owns the largest number of crude oil reserves (260 million barrels) and is also known for the highest daily oil production. The company has ownership of all energy resources in the Kingdom of Saudi Arabia and is responsible for operating/managing them. In the 2015 Forbes report, Saudi Aramco was ranked as the largest Oil and Gas Company in the world. The company also owns and operates the Master Gas System, which is the largest single hydrocarbon network in the world.
Italian multinational Eni S.p.A is headquartered in Rome and was the largest industrial company in Italy, by market capitalization, in 2013. The government of Italy owns 30.3% golden share in this oil and gas company that was founded in the February of 1953. Though the company operates in all major sectors of the oil and […]
The JX Nippon Oil & Energy Co. is one of oldest oil exploration companies located within the confines of Japan. The company was funded in 1888 as “Nippon Oil.” After merging with the former “Mitsubishi Oil,” the company operated under the legal name of “Nippon Mitsubishi Oil” until said name was changed to it current […]
Sætre was born in Vartdal, Norway. He has a master’s degree from Norwegian School of Economics, Bergen. He has been working for Statoil since 1980. He was one of the key influencers who developed the company and allowed its listing on the Oslo Stock Exchange and New York Stock Exchange in 1981, its historic privatization. He has been an executive board member since […]