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Statoil – opportunities and the risk of entering new foreign markets in the context of the economic, political, cultural aspects and dimensions of Hofstede’s national cultures

Wiącek Alicja

Energy Policy Studies

2019

No. 1 (3)

3--16

Equinor (formerly Statoil) deals in the exploration, production, transport, refining and sale of crude oil and petroleum products. Recently, the oil industry has experienced the deepest crisis since at least the nineties. Despite the resignation of many important investors, it should be remembered that the population is growing, the world is also demanding energy. Therefore, despite instability in the oil market, Equinor wants to develop its operations. Of course, the company has place an emergency plan for "worse times", which is why it is developing towards renewable energy sources. It also does not cease operations at all stages from exploration to production in the oil sector. Therefore, the purpose of this work is to present new mining areas for Statoil.