Norway's Statoil and Norsk Hydro merge to create world leader
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The chief executive of Norsk Hydro Eivind Reiten and Statoil chief executive Helge Lund shake hands during a press conference in Oslo.Comment
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Crude oil rebounded from its biggest drop in three years as 7 percent of Norway&#39;s production remained shut down. Statoil ASA, Norway&#39;s top oil company, has no estimate for when pumping will resume, a company spokesman said today.
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Utility giant Suez SA and state-owned Gaz de France agreed Sunday to new terms for a long-stalled merger that would create a global energy behemoth minority-owned by the French state, an official said.
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French energy group Suez and state-owned Gaz de France announced their merger Monday, creating the world&#39;s fourth biggest energy company by market capitalisation.
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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.
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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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Statoil said today that it had agreed to buy Norsk Hydro for about $28 billion in stock.
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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 world's longest underwater pipeline is due to begin feeding gas from Norway to the UK.
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London: NRI business tycoon Lakshmi N. Mittal-owned Ispat International on Monday emerged as world&#39;s largest steelmaker as it announced its merger with The Netherlands-based LNM Holdings and US International Steel Group to form Mittal Steel Corporation.
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Three of Malaysia's largest palm oil producers are to merge, Malaysia's Deputy Prime Minister said Thursday, a fusion that could potentially create the world's biggest biofuels company and its largest publicly-traded palm oil entity.
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Crude oil rose after Statoil ASA, Norway&#39;s biggest oil company, said a ``good deal&#39;&#39; of work remains before some 7 percent of the nation&#39;s output can restart.
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Norway's Aksel Lund Svindal is crowned super-combined World Cup champion in front of his home crowd.
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France is brokering an 80 billion euro ($108 billion) merger of Gaz de France, the state-owned natural gas company, with the energy business of the private utility Suez.
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OSLO, Aug 18 (IPS) - Norway is using its oil expertise to help similarly  oil-rich, yet often poor and corrupt states that want to pass on  more of their vast revenues to their citizens.
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"Through the merger, we have gained a stronger global portfolio and a better position for future growth."  OSLO, Norway : Norway's new state-controlled oil company StatoilHydro ASA on Wednesday said it expects oil production to increase 16 percent by 2012 after declining in recent years. via International Herald Tribune
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ROTTERDAM - Dutch-Indian steel group Ispat International announced on Monday that it had agreed to merge with Dutch LNM Holdings and US International Steel Group to form the world&#39;s largest steelmaker, which would be known as Mittal Steel.