Norwegian firms create oil giant
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Norwegian energy giants Statoil and Norsk Hydro unveil plans to merge their offshore oil and natural gas operations.
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Thee steel firms - Ispat, LNM and International Steel - join forces to create the world's largest producer.
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Norsk Hydro (NYSE:NHY)'s announcement that it is to merge its oil and gas business with that of fellow Norwegian group Statoil (NYSE:STO) helped send European equity markets higher on Monday, in spite of downside pressure from bank and technology stocks.
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Dutch steelmaker LNM Group says it&#39;s buying US-based International Steel Group to create one of the largest steel companies in the world.
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The world's largest offshore drilling contractor got bigger yesterday when Transocean said it will combine with GlobalSantaFe, creating a company able to drill globally in shallow or ultra-deep waters.
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The merger of Statoil with the gas and oil operations of Norsk Hydro will create a Norwegian powerhouse that produces 1.9 million barrels a day.
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London: Oil prices hovered below recent record highs today after intervention by the Norwegian government to end industrial strife in the worldâs third-biggest oil exporter took some heat out of feverish markets.
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The French state-owned company Gaz de France announced that it would merge with the utility Suez to create one of the worldâs largest energy groups.
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US oil prices hit fresh record levels after Norwegian ship owners threaten to cut off supplies from the world's third biggest exporter.
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Oil scaled a new high above $55 a barrel Monday as a threat by Norwegian ship owners to halt production from the world&#39;s third biggest exporter stoked fears of a winter supply crunch.
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Fresh from a new alliance with ConocoPhillips, Lukoil is trying to transform itself from a Russian oil company to an international oil giant.
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Directors at Gazprom, the largest natural gas company in the world, approved the creation of an oil holding company Friday, setting the stage for the creation of a state-controlled oil and gas giant and cementing the Russian government's influence in the politically important oil sector.
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Norway&#39;s Prime Minister Jens Stoltenberg  has appointed Aaslaug Haga as the country&#39;s new Petroleum and  Energy Minister, his office said on Friday.
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"It's very important to have the system of agreements in place. This gives us shorter lead times and assured deliveries when a project is sanctioned."  OSLO, Norway: State-controlled oil company Statoil ASA on Friday announced its intent to sign a framework contract for offshore systems worth up to as 25 billion kroner with Aker Kvaerner ASA and FMC ... via International Herald Tribune
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Norway's oil production faces a crisis in mid-November with a threat by oil sector groups to stage a lock-out to end industrial action which has weighed on the industry since July.
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LONDON -- Oil scaled a new high above $55 a barrel Monday as a threat by Norwegian ship owners to halt production from the world&#39;s third biggest exporter stoked fears of a winter supply crunch.
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Norway's natural gas production reached a new high in 2004, but falling oil output is putting pressure on the world's third-largest oil exporter to find new reserves, the Norwegian Petroleum Directorate said Thursday.