COMPANY NEWS: Statoil, Norsk Hydro to merge in $30 billion deal

01/01/2007
The boards of Norway’s Statoil ASA and Norsk Hydro ASA have agreed to merge their oil and gas operations in a deal valued at about $30 billion, creating the world’s largest offshore operator.In other recent company news: OAO Gazprom signed a protocol with Royal Dutch Shell PLC, Mitsui & Co. Ltd., and Mitsubishi Corp. to bring Gazprom into the Sakhalin Energy Investment Co. Ltd. (SEIC) as the leading shareholder. Gazprom will acquire a 50% stake plus one share in SEIC for $7.45 billion. The announcement was expected (OGJ Online, Dec. 12, 2006). TransCanada Corp. plans to acquire ANR Pipeline Co. and ANR Storage Co. and an additional 3.55% interest in Great Lakes Gas Transmi...
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