Norway Offshore Oil Seen Luring Smaller Fry as Big Fish Retreat

  • Some majors may leave as crude rout forces refocus, Hitec says
  • BP’s Det Norske merger is sign of deals ahead, Statoil says

An employee looks out across the North Sea natural gas and oil field from the Troll A offshore gas platform, operated by Statoil ASA, near Bergen.

Photographer: Chris Ratcliffe/Bloomberg

Norway’s offshore oil industry, the largest in western Europe, has long been dominated by international companies and state champion Statoil ASA. With the two-year collapse in crude prices, there are signs that will change.

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