£15bn merger creates world's largest offshore oil firm

Two major suppliers of oil and gas to the UK announced plans to merge their offshore operations in a £15bn (€22.3bn) deal today.

£15bn merger creates world's largest offshore oil firm
Mon, 18 Dec, 2006 - 14:54

Two major suppliers of oil and gas to the UK announced plans to merge their offshore operations in a £15bn (€22.3bn) deal today.

Statoil and Norsk Hydro said their merger will create the world’s largest offshore oil producer responsible for 80% of output in the Norwegian North Sea.

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CourtsBusinessHeathrowPlace: UKPlace: Norwegian North SeaPlace: NorwayPlace: North SeaPlace: BelgiumPlace: VesterledPlace: ScotlandPerson: prime ministerPerson: Jens StoltenbergPerson: Helge LundPerson: LundPerson: StoltenbergOrganisation: StatoilOrganisation: Norsk HydroOrganisation: UKOrganisation: HydroOrganisation: GasscoOrganisation: Statoil-HydroOrganisation: Royal Dutch Shell
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