Norway to discuss impact of Statoil-Hydro merger
Norway's petroleum minister will meet with oil industry officials this month to discuss the impact of the planned $30 billion merger between Statoil and Norsk Hydro's oil and gas assets. The combined Statoil-Norsk Hydro will have a dominant position on the Norwegian continental shelf (NCS) and officials have voiced concern about weaker competition in the offshore oil and gas business in the wake of the merger…

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Jarle Petterson <jp