StatoilHydro, the second largest natural gas supplier to Europe and Chesapeake Energy Corporation, the largest US natural gas producer, today announced the signature of a strategic agreement to jointly explore unconventional gas opportunities worldwide.
Under these agreements StatoilHydro will initially acquire a 32.5% interest in Chesapeake’s Marcellus shale gas acreage covering 1.8 million net acres (7,300 [...]

Hilde Merete Aasheim is leaving StatoilHydro ASA for a position as executive vice president for Aluminium Metal in Norsk Hydro ASA.
Ms Aasheim has held the position as executive vice president for corporate staffs and services since the establishment of StatoilHydro on 1 October 2007.
Hilde Merete Aasheim headed the efforts related to the integration process between [...]

State-controlled StatoilHydro ASA has recently told the press that a 37 percent rise in second-quarter profit Friday because of an increase in oil and gas prices and higher production.
The company, based in the western Norwegian city of Stavanger, said profit for the April to June period came to 18.77 billion kroner ($3.7 billion), up sharply [...]

Aluminum and energy group Norsk Hydro ASA told the press that its profit dropped 87 percent in the second quarter on falling sales and higher costs.Net profit was 786 million kroner ($155 million), down from 5.95 billion kroner in the same quarter last year.
Sales dropped 4 percent to 23.98 billion kroner ($4.72 billion) from 25.04 [...]

Norwegian oil company StatoilHydro ASA says it has halted oil and gas production on a North Sea platform after a fire broke out.
The operator says the fire was soon extinguished on the Oseberg A platform on Sunday afternoon and there was no need to evacuate personnel. The rig is situated 80 miles northwest of the [...]

StatoilHydro ASA says oil production resumed at the 160,000 barrel per day Statfjord A platform about 125 miles off Norway’s coast, four days after an oil leak forced a partial evacuation and shutdown.
Most of the platform’s 217 crew members were evacuated to nearby platforms by helicopter on Saturday when an oil storage tank began leaking [...]