It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

Hydro And Statoil Fusion - Worlds Largest Offshore Operator

page: 1
2

log in

join
share:

posted on Dec, 18 2006 @ 04:14 AM
link   


Norwegian companies Hydro and Statoil are merging their oil and gas activities and creates the world's largest offshore operator. A name for the new company has not been made yet. This is a historic event!


Arctic Tanker

Illustration: Håkan Sjøstrøm


Hydro: Oil and gas activities to merge with Statoil

Dec. 18, 2006



The Board of Directors of Hydro and Statoil have agreed to recommend to their shareholders a merger of Hydro's oil and gas activities with Statoil, creating the worlds largest offshore operator with a strengthened platform for future growth.


Statoil press release

18-12-2006



The new company will have a combined production of 1.9 million barrels per day in 2007 and proven oil and gas reserves of 6.3 billion barrels of oil equivalents.

A new name for the merged company will be selected as part of the integration process.

This is big! This will be the start of a new era for Norway.



© Norsk Hydro


source


Key characteristics of the new company:

  • Strengthened production and development portfolio – in Norway and internationally
  • Presence in nearly 40 countries
  • Extensive exploration program and acreage
  • Proven technology and project execution skills
  • World-class gas value chain
  • Integrated refining and marketing, with substantial trading positions
  • Commitment to renewable energy, carbon capture and sequestration


  • Links:
    Hydro (in english...)
    Statoil (in english...)

    Btw, this is breaking news...

    [edit on 2006/12/18 by Hellmutt]




    posted on Dec, 22 2006 @ 05:09 AM
    link   
    [color=FFAEB9]The name of the new company is:


    Statoil


    [color=FFAEB9]They will keep the Statoil name. Wise choice!




    edit: Celebrating with a Statoil commercial






    [edit on 2006/12/22 by Hellmutt]



    new topics
     
    2

    log in

    join