Norwegian oil companies plan merger
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Norwegian oil companies Statoil ASA and Norsk Hydro ASA announced plans Monday to merge their offshore oil and natural gas units in a deal they said would create the world's largest offshore oil operator.
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U.S.-based Alcoa may face a rival for global dominance if a tentative merger of two Russian aluminum companies and a major Swiss commodity trader comes to fruition.
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Crude oil prices retreated Monday as Norwegian officials ordered striking oil workers to resume their work, reducing market&#39;s fears over disruptions in Norwegian oil supplies.
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WARSAW : Poland intends to buy compressed natural gas from Norway until a planned pipeline between the two countries is completed, Polish Prime Minister Marek Belka said.
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A merger of Norway's two largest companies is to create the world's leading offshore oil and gas operator with a market value of almost Â£50bn.
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A long-anticipated merger may soon come true.
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LONDON/AMSTERDAM  - Oil major Royal Dutch/Shell  Group RD.AS plans to move to a unified corporate  structure, ditching a century-old dual-ownership system blamed  for contributing to a reserves overbooking scandal.
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NEW YORK : World oil prices raced to new record highs and then skidded as the Norwegian government announced it would intervene to end industrial strife in the huge oil sector.
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Norwegian petroleum companies Statoil ASA and Norsk Hydro ASA elbowed into the global fray for oil yesterday with a plan to form a state-controlled giant that would be the world's largest offshore oil producer.
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The threat of a lock-out by Norwegian shipowners which would halt production at the world&#39;s third-biggest crude producer has sent oil prices to record highs.
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SAN FRANCISCO (CBS.MW) -- Russian President Vladimir Putin approved a plan Tuesday to merge state oil company Rosneft into Gazprom, a move that would end restrictions on foreign ownership in the giant gas company, according to published reports.
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Nova Chemicals Corp., Canada&#39;s largest chemical maker, agreed to merge its European styrenics polymers business in a 50-50 joint venture with BP Plc, Europe&#39;s largest oil company.
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The Norwegian Shipowners Association threatened on Monday to lock out more oil and gas rig workers, a move analysts said could result in a near shutdown of the third-largest petroleum exporter&#39;s production and drive world oil prices even higher.
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Norway's Norsk Hydro and Statoil have agreed to merge the two groups' oil and gas activities to create a national champion, the companies said on Monday.Comment
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Privately-owned Dutch steelmaker LNM Group said Monday it plans to merge its two main divisions, Ispat International NV and LNM Holdings NV, and then take over U.S.-based International Steel Group Inc.
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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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Transocean Inc. and the GlobalSantaFe Corporation said today that they would seek to consolidate their lead in a fast-growing market.