Norway’s oil and gas industry was rocked by two large mergers in the past week, as Eni’s local subsidiary agreed to merge with domestic player Point Resources and Neptune Energy acquired the Norwegian arm of Germany’s VNG.
Eni Norge and HitecVision-backed Point will together become the country’s fourth-largest oil and gas producer after Equinor (formerly Statoil), state-owned Petoro and France's Total, with annual output of about 180,000 barrels of oil equivalent per day from 17 fields.
