Norway’s energy merger is driven by growth potential

The merger of Statoil with Hydro’s oil and gas business could be seen as a typical European move to create a national champion for Norway.

But the deal also looks forward to a time when other oil groups will be looking to huddle together for support. Observers, including Lord Browne, chief executive of BP, have argued that a fall in the price of oil would set off a wave of mergers as the industry consolidated.
Gulf News