Statoil Will Buy Rivalâs Energy Units to Create Worldâs Largest Offshore Operator
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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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Transocean Inc. , the world's largest offshore driller, said on Monday it would buy GlobalSantaFe Corp.  for nearly $18 billion in a no-premium deal, adding a fleet of shallow-water drilling rigs to its deepwater equipment.
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Russia's state-controlled natural gas giant OAO Gazprom said Wednesday it had obtained large stakes in two joint-venture projects to develop major gas and oil fields, the latest in its moves to become one of the world's largest energy companies.
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Exxon Mobil Corp  plans to start 25 new global projects in the next three years, adding about 1 million barrels of oil equivalent per day to its base volumes when they reach their peak, the world's largest publicly traded oil company said on Wednesday.
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Royal Dutch/Shell Group announced Wednesday that it would spend US$1.8 billion on exploration and production in the North Sea, including building a pipeline to transfer gas from Norway to Britain.
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Kuala Lumpur - Malaysia&#39;s national oil and gas company Petronas on Tuesday announced its Petronas International unit has signed an agreement with Sasol to create South Africa&#39;s largest liquid fuels business.
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French energy group Suez and state-owned Gaz de France announced their long-awaited merger on Monday, creating the world&#39;s fourth biggest energy company by market capitalisation.
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MOSCOW -- Russia's biggest aluminum producer, OAO Rusal, plans to acquire rival Sual Group and the alumina assets of Swiss-based commodities trader Glencore International AG in a deal to create the world's biggest aluminum producer, a person close to the negotiations said yesterday.
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A flag carries the Statoil logo. The Norwegian oil company Statoil is to merge with the oil and gas activities of Norsk Hydro, creating the world's largest offshore production group, the two companies have ...Comment
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Country's largest utility to be created in a merger with Public Service Enterprise Group.
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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The Russian natural gas company Gazprom on Tuesday said it would buy one of the country&#39;s top oil companies, a move that would create a state-owned energy juggernaut.
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Transocean Inc. , the world's largest offshore driller, said on Monday it would buy smaller rival GlobalSantaFe Corp. , creating a $53 billion company with a presence in ultra-deepwater and deepwater drilling and additional growth from new rigs.
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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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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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The worldâs third-largest oil firm also said it planned to dispose of Â£5.6bn to Â£6.7bn of non-core businesses over the three years and would look at &quot;focused acquisitions&quot; to create value.
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Norwegian energy giants Statoil and Norsk Hydro unveil plans to merge their offshore oil and natural gas operations.