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BEHIND THE NEWS
PETROLEUM CHANNEL (BTNP) - BACK ISSUES
1999-2000
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P01

Tuesday, 17 August, 1999
State Unlikely to Part With
SDFI

  • Statoil Partial Privatisation Will be Approved
  • State Unlikely to Part With Much of SDFI
  • Modifications of SDFI Management Required

P02

Tuesday, 17 August, 1999
Aker Has MPE's Ear

  • Ministry Listening to Aker's Desire to Acquire Equity
  • How Will Existing Oil Companies React?

P03

Friday, 18 August, 1999
Olav Fjell Statoil CEO

  • Olav Fjell - Background Summary
  • New Statoil CEO Needs to Focus on Internal Improvement

P04

Monday, 23 August, 1999
Production Cuts May Continue

  • Government Considers Continued Production Cuts

P05

Thursday, 2 September, 1999
Hydro Protects Its Own Interests

  • Like Statoil, Hydro Takes Care of Its Own Interests
  • Principles of Diversity and Gradual SFDI Change Hitting Target
  • Other Crucial Issues Evaded

P06

Wednesday, 8 September,1999
Minister Using 16th Round as Bait

  • Minister Playing Norwegian and International Companies Against Each Other
  • Progress Party Off the Deep End

P07

Monday, 20 September, 1999
Keep SDFI, Says Trade
Union Leader

  • Trade Union Leader Says State Should Keep SDFI
  • Probably Final Farewell to Statoil's Wish to Take Over All

P08

Tuesday, 21 September, 1999
Purity Of Released Water Another Test Case

  • Institute Wants to Enforce Higher Purity of
  • Released Water
  • Demand Rests on Assumed Risk; No Evidence of Damage
  • The Difference Between the Tactical and the Principled Response

P09

Wednesday, 13 October, 1999
Investment And Framework Conditions

  • Onshore Investment Dependent on Offshore Investment
  • Apropos CO2 Tax: State TV Channel Joins Climate Sceptics

P10

Sunday, 31 October, 1999
Hormesis Challenges Zero Emission Policy

  • Low Exposure to "Toxic" Substances Often Beneficial, Possibly in General
  • Internationally Travelling Workshop Available
  • "Brownie Points" to be Earned by Introducing Hormesis Research in Norway?

P11

Friday, 5 November, 1999
Essensially No From Finance Ministry

  • Nothing on General Tax Level in Commission Mandate

P12

Monday, 8 November, 1999
SDFI Solution Still Not Complete

  • Media Speculation on SDFI Decisions Close, but Incomplete

P13

Tuesday, 16 November, 1999
New SDFI Cards Played

  • International Companies Unite on SDFI Statement
  • OLF/NORRET Showing Strength by Exposing Dissent
  • Statoil Offering Politicians to be Proxy Borrower of Unneeded Money

P14

Thursday, 25 November,1999
Gambling With The Future

  • Politicians and Companies Alike Gambling with Industry's Future
  • Candid Description of Reality and Risk/Reward Scenarios Called for
  • Companies must Declare a "Good Enough" Strategy - Statoil's Statfjord Plans Encouraging
  • MPE must Make Sure Ormen Award is not Misunderstood as Brownie Point Reward

P15

Wednesday, 8December,1999
A New  Statoil  a Major
Mistake

  • Creating a "New Statoil" would be a Major Mistake
  • Accepting Wrong Premises may Lead to Unfortunate Decisions

P16

Monday, 20 December, 1999
Ormen - Politics Or
Creativity?

  • Hydro to develop; Shell to operate.
  • A perfect  political  solution  to the Ormen Lange dilemma.
  • But is that all there is to it?

P17

Thursday, 23December,1999
Did It Feel So Bad?

  • OLF Stands Firm Against Costly Project - Did it Feel so Bad?
  • Statoil Dissents, Confirming Beliefs About Lack of Cost Consciousness

P18

Tuesday, 4 January, 2000
Compromise Facilitated

  • Labour Leader Says SDFI Must be Protected; Opens for Minor Reform
  • Minister Says Reform Should be Decided Now, Definite No to Full Statoil/SDFI merger
  • Both Statements Clarifying as Expected, Compromise Should Not be Difficult

P19

Tuesday, 11 January, 2000
Interesting Statoil Recruit; Our Advice

  • Stock Dealer Inge K. Hansen New Statoil Chief of Staff
  • Will He Understand Need to Purge Staffs Before Going to the Market?
  • Time for Statoil to Realise Ministry is its Best Ally

P20

Thursday, 13 January,2000
Rig Cost Drivers Identified

  • OLF/NPD Report Confirms Rig Cost Differential UK/Norway
  • No More Safety Bought by Higher Costs
  • Cultural Changes and Cost/Benefit Evaluations Needed in All Organisations

P21

Friday, 14 January, 2000
OLF Presents Compelling Case For Improvements

  • OLF Report: Convincing Reality Description
  • Actual Proposals Like Jumping the High Fence
  • Strategy Needs Additional Elements

P22

Friday, 14 January, 2000
Statoil-SDFI Merger Buried

  • Statoil Moves Back One Base, Joins Industry's Position
  • Commercialisation of SDFI Sensible Idea, but Wise to Move Slowly
  • Fjell Too Worried About MPE's Intentions

P23

Monday, 24 January, 2000
A Chicken Game

  • Centre, Labour in Chicken Game, Both Want to be Rear Party
  • Partial Privatisation Still on, but Could Move Much More Slowly
  • New Scares About MPE's Gas Solution
  • Surprises From Socialist Left Party

P24

Tuesday, 1 February, 2000
16th Round As Expected

  • Politicians Will Boast About Successful 16th Round
  • New Reminder that Industry Must Rethink its Strategy

P25

Monday, 14 February, 2000
What Kind Of Compromise?

  • Labour Agrees to 33% Partial Privatisation, Not Public Statoil
  • Unclear Guidelines Suggest Large Transfer of SDFI Gas Equity
  • NCS Competitiveness Ignored
  • Safeguard Says Change Must Enhance Community's Income
  • Compromise With Government May Go Astray

P26

Tuesday, 22 February, 2000
Statoil's Conflicting Signals

  • Statoil to Make Significant Cost Cuts, Also in Corporate Staffs
  • Statoil Signs Ethics Declaration
  • All Commendable, but are Signals Conflicting?

P27

Friday, 25 February, 2000
Parliament Believes We Are Sunset Industry

  • Prime Minister, Parliamentary Leaders Concerned About "End of Oil Age"

P28

Friday, 10 March, 2000
Stoltenberg Better for Petroleum Industry in Short Run

  • Frøiland, Therkildsen, Akselsen Mentioned as Possibilities for MPE Minister
  • Labour Important Anyway, Better Under Influence of Civil Service

P29

Friday, 17 March, 2000
Olav Akselsen to MPE - the Issues

  • Olav Akselsen New Minister
  • Parliamentary Report May Be Postponed Again
  • Modifications of SDFI Management Required

P30

Friday, 17 March, 2000
Akselsen Profile

  • Rapid Move From Left to Centre

P31

Wednesday, 29 March, 2000
For the Industry Only?

  • Kvitebjørn Major Problem for Ministry
  • Several Oil Companies Ignore Mandate of Allocation Committee

P32

Monday, 2 April, 2000
Akselsen On the Wrong Track

  • Akselsen: Statoil Privatisation Could Start With Alliance
  • Alliance With Gas Buyer Combined With SDFI Transfer A Mayor Mistake
  • Better Ways To Find European Gas Allies
  • A True Strategy for Industrial Growth

P33

Tuesday, 11 April, 2000
From the Family

  • Bjørg K Sandal From Phillips New MPE Deputy
  • Erlend Jahns Broli From the Energy Directorate Political Advisor

P34

Friday, 14 April, 2000
Major  Step  Forward

  • Several Very Encouraging Features With 16th Round
  • Important to Give All Applicants Full and Open Feedback

P35

Friday, 28 April, 2000
Not a Good Idea

  • ECON Says Mega-Merger Should be Considered; Suggests New Ministry
  • Why There is a Much Better Alternative
  • A Dangerous Paradigm: Nationalistic Monopoly (State) Capitalism

P36

Friday, 12 May, 2000
Jumping to Conclusions

  • No Gulf Stream Reversion, Says Report
  • Less Snow, More Rain in Norway if Earth Warms Up
  • Jury Still Out On Human or Solar Responsibility for Climate
  • Warming Beneficial, Says US Report
  • Why Not Consider "No Regrets" Projects?

P37

Wednesday, 24 May, 2000
Statoil and SDFI As Expected

  • Newspapers Closing In On Probable Government Proposals

P38

Thursday, 25 May, 2000
Promising from Statoil

  • Achievement Dependent Wages to Be Introduced in Statoil
  • Insiders Say Fjell is Wielding Knife Efficiently

P39

Monday, 29 May, 2000
Privatisation May Be Postponed

  • NRK Report On More Than 50% SDFI Transfer Probably Quite Wrong
  • High Risk That Labour Today Will Postpone Privatisation

P40

Tuesday, 6 June, 2000
End of Forced Marriages

  • Group Applications in 17th Round
  • Probably Speedier Turnover of Non-Producing Acreage
  • More Predictable Licensing Criteria, New Entrants Etc As Expected

P41

Tuesday, 13 June, 2000
Reading On and Between the Lines

  • Parliamentary Report Important Step Forward
  • Good on Details, Weak on Major Policy Discussion
  • Cost Efficiency Focus On and Between the Lines

P42

Wednesday, 21 June, 2000
Time for Dialogue

  • Tax Group Proposes Emulated Resource Rent System
  • Attractive System, Tough Implementation
  • Revenue Neutrality Requires Rate Reductions
  • Better for New Entrants & Companies Not In Tax Position
  • Most Adverse Effects for Norwegian Companies

P43

Wednesday, 28 June, 2000
Having the Cake, Eating it, and...

  • ABB is Taking Over UMOE's Oil & Gas Operations
  • Speculations About Further Restructuring
  • LO Chief Demands New "Tax on Norwegian Ownership"

P44

Wednesday, 28 June, 2000
Call your Dad, Jens!

  • OLF has Completely Rejected Tax Group's Proposal
  • Government's Responsibility to Initiate a New Process

P45

Wednesday, 12 July, 2000
The Market at Work

  • Aker has acquired 26% of Kværner
  • "Røkke/ABB Strategy" Proves "Lund/Hermansen Strategy" Inferior

P46

Thursday, 3 August, 2000
Centre Back to Basics

  • Centre Leader Says No To Privatisation
  • First Major Break-Out From Centrist Alliance
  • Objectives: Gaining Profile and a Negotiating Chip
  • Effect: More Possible Scenarios

P47

Friday, 25 August, 2000
Small  Wolves  Only

  • New Holding Company Not a New Major
  • Statoil Not Against Privatisation In Case of No SDFI Transfer
  • No Change  of  Schedule For Parliamentary Report on Regulatory Issues

P48

Friday, 1 September, 2000
Miljøsok in the Norwegian Consensus

  • MILJØSOK Says Earlier Ambitions Too High
  • Pros and Cons of Norwegian Style Dialogue

P49

Tuesday, 19 September, 2000
Disobedience

  • Gasoline Actions All Over Europe
  • Why Activists are the Finance Minister's Friends
  • Beginning of the End to Green Paradigms?
  • The Ethics of Civil Disobedience

P50

Thursday, 28 September,2000
House-Cleaning

  • Kon-Kraft With High Ambitions
  • Industry Proposes Research Fund, We Have a Suggestion
  • OLF Effort to Recruit Young People
  • Åsgard Partners Bring Suit Against Statoil

P51

Wednesday, 11 October, 2000
Pipelines and Terminals

  • MPE Considers New Gas Pipeline Operator Company Including Terminals
  • What it is About, and Not

P52

Thursday, 12 October,2000
Gas and Self Interest - How Far?

  • Norway Accepts Shorter Grace Period for Gas Directive
  • What is the Relationship Between GFU and Upstream TPA?
  • Do We Truly Want to be European?

P53

Thursday, 2 November, 2000
A French Kiss?

  • Gaz de France Acquires 12% in Snøhvit
  • Hydro Offers Snøhvit Equity for Sale
  • Committee to Pass Parliamentary Report by 11 December
  • Agip Discovery Confirms Promising Exploration Theory

P54

Tuesday, 7 November, 2000
Theories Astray

  • OLF: Tax Proposal Would Kill Development
  • Aker: Returns on Human Capital Must be Sheltered
  • Shipowners: System OK With Lower Special Tax Rate and Better Shelter
  • Ministry Urged to Initiate New Petroleum Tax Study

P55

Monday, 13 November, 2000
The War Continues

  • Labour Compromise on Statoil Already Subject to Adverse Interpretations
  • Does "No Sale of the State's Shares" Open for the Stock Market?
  • Is "Very Predominantly" Less Than 90% of SDFI?
  • Solution Designed for Gaz de France?
  • No SDFI to Internationals
  • War Will Go On, Also In Parliament

P56

Friday, 17 November, 2000
Back on Track

  • Statoil/SDFI Proposals to Parliament Before Christmas
  • Government Intends to Go to Stock Market First
  • Tug-of-War About Sharing SDFI Between Statoil and Hydro
  • Conservative Doubts About New State Corporations

P57

Friday, 24 November, 2000
Sharing SDFI

  • 20% to Statoil, 10% to Hydro/Internationals?
  • Changes Possible both in Government and Parliament

P58

Friday, 8 December, 2000
Sinks, or Sink!

  • Failed Efforts to Put Kyoto Back on Track after Hague
  • Politicians Between a Rock and a Hard Place
  • New Scientific Middle Ground Could Provide an Escape
  • More Sinks Must be Allowed for Return to "No Regrets"
  • Jupiter & Saturn Conjunction May Reflect Max Point in Climate Variability

P59

Thursday, 14December,2000
Between Nothing and Almost Something?

  • Statoil/SDFI Proposals to be Presented Today
  • Only 20% of SDFI to Go, Little or Nothing to Internationals
  • What Says  Parliament - and EU?

P60

Monday, 18 December, 2000
Reiten

  • Eivind Reiten New Hydro CEO

P61

Wednesday, 20 December, 2000
As Expected

  • Statoil/SDFI Proposals Sent Parliament
  • Sanner Elected
P62
Wednesday, 27 December, 2000
No Sunset

  • Parliament Has Approved All Regulatory Improvements
  • New Checkpoint in June
  • No Sunset Industry, Says Committee
  • Committee and Minister Signal Disapproval of Tax Group's Report
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