Statoil Holds $10 Billion in U.K. Expansion After Tax Jump

Statoil ASA, Norway’s biggest energy producer, put on hold a $10 billion plan to develop the Mariner and Bressay fields in the U.K. and said it will be less likely to buy British assets after a tax increase.

Statoil was developing the Mariner and Bressay heavy oil fields off the U.K. and had scheduled production to start by