In this thesis, we extend the construction of the formal (affine) Demazure algebra due to Hoffnung, Malagón-López, Savage and Zainoulline in two directions. First, we introduce and study the notion of formal Demazure lattices of a Kac-Moody root system and show that the definitions and properties of the formal (affine) Demazure operators and algebras hold for such lattices. Second, we show that for the hyperbolic formal group law the formal Demazure algebra is isomorphic (after extending the coefficients) to the Hecke algebra.

In this thesis, we compute minimal presentations in terms of generators and relations for the oriented cohomology rings of several semisimple linear algebraic groups of ranks 1 and 2 over algebraically closed fields of characteristic 0. The main tools we use in this thesis are the combinatorics of Coxeter groups and formal group laws, and recent results of Calm\`es, Gille, Petrov, Zainoulline, and Zhong, which relate the oriented cohomology rings of flag varieties and semisimple linear algebraic groups to the dual of the formal affine Demazure algebra.