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And outside Norway, the competition is fierce. As the world's demand for energy swells, petroleum-pumping countries like Russia and Venezuela "are asserting a higher degree of national control over [oil and gas] developments and leaving less room for non-national companies to participate," says Peter Mellbye, StatoilHydro's...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

But what the Norwegian firm lacks in size, it could well make up for in expertise. Many onshore reserves, which are relatively easy to exploit, are being depleted. So Big Oil is being forced offshore into increasingly complex projects, often at great depths and in harsh conditions. "Each barrel of...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

The author knows a thing or two about velocity, having competed in speed skiing, a demo event at the 1992 Olympics. (His personal best: 135 m.p.h., or 217 km/h.) A business consultant with a master's degree in organizational management, Poscente admires swiftness in companies as well as individuals. Google...

Author: /time Magazine | Title: Business Books | 10/11/2007 | See Source »

Not everyone is as bullish. "Overall there has been a slowdown to golf communities," says Doug Main, director of national golf practice for Deloitte Financial Advisory Services in Atlanta. He adds that "the tide has dropped a little even in [the high-end] markets. That doesn't mean there aren...

Author: /time Magazine | Title: Tiger's New Lair | 10/11/2007 | See Source »

No wonder there's a catch-up movement afoot, with training being a focal point. "It's a very good area for someone to get into," says Cliff Johnson, director of public affairs for NACE International, an 18,000-member group that helps set standards within the industry. NACE also...

Author: /time Magazine | Title: Pipe Dream | 10/11/2007 | See Source »

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