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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The boards of key Norwegian oil companies Statoil ASA and Norsk Hydro ASA on Monday recommended the merger of their offshore oil and natural gas units.Comment
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A huge underwater oil field discovered late last year has the potential to transform Brazil into a sizable exporter and win it a seat at the table of the worldâs oil cartel.
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Business & money: Firm to explore in oil and gas sites in landmark agreement that could help plug Russian gap.
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Norwegian oil company Statoil said Friday it had set up the biggest liquefied natural gas (LNG) project in Europe in the Barents Sea.
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Public sector behemoth Oil and Natural Gas Corporation Ltd on Monday said it has acquired an offshore oil field in Western Australia.
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"The wells were not production-tested, but extensive data collection and sampling were carried out"  OSLO, Norway: Norsk Hydro ASA struck oil and natural gas reserves about 120 kilometers off the western Norway city of Bergen, the Norwegian Petroleum Directorate announced Monday. via International Herald Tribune
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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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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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What could be a major discovery of domestic oil in the Gulf of Mexico was announced today by a trio of companies led by Chevron Corporation.
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Tripoli sets outs transparent bidding process for foreign firms to woo investment for sanctions-hit oil sector. By Hassen Zenati - TRIPOLI.
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Statoil, NorwayÂs largest oil company, will pay $700 million for stakes in two oil and gas finds and one exploration prospect in deep waters of the Gulf of Mexico to offset an expected drop in domestic output. The company will buy 17.5 percent of the Caesar discovery and 12.5 percent each of the Big Foot find and the Big Foot North prospect from the Plains Exploration and Production Company of Houston, Statoil said. The discoveries are expected to increase production ÂsignificantlyÂ after 2010, Statoil said. It did not estimate the size of the reserves in the stakes.
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FAROE Petroleum, the Aim-listed oil and gas minnow, will today be awarded exploration rights from the Faroe Islands' second-round licensing for two new sites in the North Atlantic margin area.
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A consortium of foreign companies has resolved a dispute over Kazakhstanâs giant Kashagan oil field.
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Nexen Inc., a Canadian energy and chemicals company, agreed to buy the UK oil business of EnCana Corp. for $2.1 billion, giving it control of the biggest British oil discovery in more than a decade.
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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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E.On becomes the latest of the big energy firms to increase prices of gas and electricity.