Press Esc to close

WorldOil

CONTENT PREVIEW

For full content view: Log in Now!

  • Oil and gas in the capitals


    Øysten Noreng, Contributing Editor, North Sea

    The oil industry wave of mergers and acquisitions first hit Norway in 1999, when Norsk Hydro, assisted by Statoil (the country’s two major oil companies), swallowed Saga, the third one. Mergers and acquisitions were, at the time, commonplace in the global oil industry. This case was exceptional, however, in two ways. First, the three parties were essentially upstream firms, Saga being exclusively E&P. Second, the two initiating companies were wholly or majority government-owned. This showed that some forces that drive private industry restructuring also apply to state capitalism. This thesis is confirmed spectacularly by the merger of Statoil and Norsk Hydro’s oil and gas division, which, in some ways, is the former’s acquisition of the latter. Remarkably, the operation has been run by the state’s oil companies without the government—the owner and the regulator—being informed until the last stage. Nevertheless, the outcome is a large company—the world’s largest offshore operator.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial


2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!

Subscribe


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.


If you are already a paid subscriber and do not have access, please email CustomerService@worldoil.com.

WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

ENERGY EVENTS

Upcoming Events