Statoil

  www.statoil.com
  www.statoil.com
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2 people found this helpful  

Spending dollars saving pennies

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Mechanical Engineer in Stavanger (Norway)
Current Employee - Mechanical Engineer in Stavanger (Norway)

I have been working at Statoil full-time (more than 8 years)

Pros

Statoil have a relatively flat organization where one as an employee can handle projects quite on your own as long as you deliver and show results. I.e. leaders will not interfere too much which I appreciate. If you have a solid knowledge of your specific field and is secure on yourself, you can do a difference. My personal experience is that my closest manager gives me free reins with what I do.
Working hours are like in Norway good (regulated by law), and you can normally decide how you use your time. If you have a sick child, nobody will raise their eyebrows if you're home to take care of your child. So if you're a young professional starting in this industry, Statoil is a good place to get experience.

Cons

To much money is spent on wastless studies by external companies because project leaders don't have enough broad knowledge and thus don't trust internals with the required background. This leads to what I like to call decision paralysis requiring even more studies!
Statoil have a lot of technical requirements, which is typical for the oil industry. However there is a resistance to change these when knowledge shows that it should be done.
Now Statoil wishes to save money by saving pennies instead of saving dollars. This is done by taking away benefits we have had like fruit baskets (from a company for people with disabilities. Social responsibility?), food assortment in the cantina etc.
Restrictions to travel is another issue. To travel overseas needs approval by top management. I dare say on one occasion that with less restrictions, the company could had saved X. Not to talk about these studies...
One should bear in mind that Statoil being Norways largest company can't pay as much as foreign oil companies thus pays less because it would raise the average pay level in Norway. All very understandable. With this backdrop it will be less interesting to stay by the company when one have enough knowledge to seek better opportunities elsewhere.

Advice to ManagementAdvice

Start listening to individuals one by one over a coffee or something, and not from middle/top management.

Neutral Outlook
No opinion of CEO

71 Other Employee Reviews for Statoil (View Most Recent)

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  1. 2 people found this helpful  

    Not a good company if you are non-Norwegians

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Statoil full-time (more than 3 years)

    Pros

    Great place for a laid-back person. If you just want to enjoy the life and to have 1-year parental leave with 80% pay, come to Statoil and try to have lots of children.
    The Statoil values, "open, caring, hands-on, and courageous", sound very attractive to new talents.

    Cons

    1. Noticeable difference between Norwegian and non-Norwegian. If you do not know and do not want to speak Norsk, you will be one of the "mercenaries". If you are good, go to other majors - COP, Shell, or Chevron. They will pay and value you much more
    2. So many unprofessional behaviors, such as discrimintative language, social isolation are permitted as long as no physical conflicts are involved
    3. Heavy in decision making and process. The decision seems never to be made during the team discussion. It will be made in the coffee bar by a few Norsk-speaking folks
    4. No team-working or integration at all. Everyone builds the railway by himself/herself. Many times it is funny to see the train can not run through the railway
    5. Being competitive is a big 'no-no'. Inititiative of striving for improvement will be treated as a "threat" or "show-off"

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Solid ship headed into rougher weather

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Stavanger (Norway)
    Current Employee - Anonymous Employee in Stavanger (Norway)

    I have been working at Statoil full-time (more than 5 years)

    Pros

    Fantastic work/life balance, and company of high ethical integrity. CEO Lund is smart and sincere man with conservative values tempered by Scandinavian sense of humanity. Being a majority state owned company in social democratic Norway has contributed to a generous cushion of labour rights and entitlements. Statoil has developed leading world-class technologies and uses them both to optimize hydrocarbon recovery and find socially and environmentally responsible solutions to adverse effects of oil and gas production.

    Cons

    Statoil is a company in transition, like most other oil majors in one way or another. Norway and Statoil's generosity is often taken for granted by Norwegian employees. The company is wrought with cumbersome bureaucracy and too many internal stakeholders getting in the way of needed greater expediency. Management trying to streamline processes and trim fat to maintain global competitive edge and economic viability in face of tighter margins, but they frequently come across as blunt, callous and clumsy to Norwegian workforce, subsequently diminishing morale and loyalty. The company's turn away from developing renewable energy since the merger with Hydro in 2007 has disappointed many employees. Many also question the ethics of Statoil's investments in oil sands and shale gas and would at least like to see us take the lead in mitigating the environmental and social downsides of those pursuits. The decision and probable necessity to expand internationally is unfortunately contributing to Statoil losing its soul and becoming like many other mega multinational oil companies.

    Advice to ManagementAdvice

    Insist on cutting costs through even greater expediency. Don't waste time and resources on appeasing the consensus and likewise don't let clueless managerial tyrants waste the time, resources and creative energy of individuals and teams by insisting on tiresome non-necessities. Despite company's efforts to streamline processes, many still don't get it.

    Recommends
    Neutral Outlook
    Approves of CEO
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