State-controlled Norwegian energy firm Statoil is studying overseas acquisitions to reduce its focus on Norway and Tullow Oil is among targets it is studying, Bloomberg reported late on Thursday, quoting unnamed company sources. The firm is considering deals involving payment in shares that could dilute the government's shareholding, as the new Conservative-led government is seeking to cut the state's stake from 67 percent to 51 percent, it said.It added that in the past Statoil has looked at potential deals with firms like Anadarko Petroleum Corp., EOG Resources Inc. and BG Group Plc, but a deal with a firm so large would make it difficult for the government to keep a majority stake.Statoil declined to comment.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. Shares of APC traded higher by 0.05% or $0.04/share to $79.08. In the past year, the shares have traded as low as $73.60 and as high as $98.47. On average, 4163740 shares of APC exchange hands on a given day and today's volume is recorded at 4591728.
EOG Resources, Inc.(EOG) explores , develops, produces and markets crude oil and natural gas primarily in producing basins in the United States of America , Canada, The Republic of Trinidad and Tobago (Trinidad), the United Kingdom , The People's Republic of China (China), the Argentine Republic (Argentina) and, from time to time, select other international areas. Shares of EOG traded higher by 0.13% or $0.22/share to $167.00. In the past year, the shares have traded as low as $112.05 and as high as $188.30. On average, 1896060 shares of EOG exchange hands on a given day and today's volume is recorded at 1769668.
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