Norway to Examine Competition Conditions in Oil Industry
OSLO, July 20 (Reuters) - Norway's competition watchdog will look into whether competition rules are being infringed in the country's oil industry, the industry ministry said on Wednesday.
The ministry has asked the competition authority to provide a "general description" of competitive conditions for oil companies and their suppliers to answer a question from a member of parliament, it said.
The question from the lawmaker is whether oil firm Statoil , which is responsible for 60 percent of Norway's oil and gas output, misuses its dominant position over suppliers, the ministry said.
"It is natural to prepare a political discussion about competition conditions on the Norwegian continental shelf on a good factual basis, both on the competition situation and whether us politicians can, or should, do something about it," Industry Minister Monica Maeland said in a statement.
The statement did not say how long this would take.
Statoil was not available for immediate comment.
Last month, BP and independent oil firm Det norske agreed to merge their Norwegian business in a $1.3 billion all-share deal, partly to counter Statoil's dominant position in the sector.
(Reporting by Gwladys Fouche; Editing by Mark Potter)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Operates 32 Offshore Rigs
- BP: 2017 'Massive' Year for Global Upstream Projects (Dec 07)
- BP Seeks Stake In Cairn Energy Senegal Assets (Nov 20)
- Officials: BP, Eni Interested In Developing Iraq's Majnoon Oilfield (Nov 20)
Company: Statoil more info
Operates 1 Offshore Rigs
- Sharp Fall In Applications For Norway's Arctic Oil Permits (Dec 05)
- Statoil Greenlights $6B Flagship Arctic Oil Project (Dec 05)
- Partners to Invest in New Gas Module at Troll C Platform (Nov 07)
Company: Det norske oljeselskap ASA more info
- Norway to Examine Competition Conditions in Oil Industry (Jul 20)
- SMOE Delivers Ivar Aasen Field's Platform Deck to Det norske (May 24)
- Oil Firm Det Norske Repeats 2016 Guidance, 1Q In Line (Apr 29)