Statoil puts footprint in Alberta oil sands
Norwegian oil giant drawn by ‘long-term’ barrels in pouncing on privately held company with plans for bitumen production, upgrading
For Petroleum News
The Norwegian flag has been planted in the oil sands of northern Alberta, with Statoil making a bid to acquire high-flying North American Oil Sands for C$2.2 billion.
Statoil, which is due to complete a merger with domestic rival Norsk Hydro later this year, has consistently been high on the list of....
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