Statoil is a Norwegian state-owned Statoil is a major Norwegian oil and gas conglomerate and the largest crude oil producer in the North Sea, founded in 1972. On October 1, 2007, Statoil merged with Hydro to form the entity StatoilHydro.

Statoil has a portfolio of planar drilling, subsea equipment, oil and gas operations, and a portfolio of oil and gas operations. Subsea equipment, multi-surface flow of oil and gas, deepwater drilling, floating production, oil recovery, gas transportation and processing, and is the largest oil company in Norway. Norsk Hydro is committed to the energy, materials and food sectors, providing mineral fertilizers, oil, natural gas, aluminum, magnesium, petrochemicals and other products, and is one of Norway's largest industrial groups and an international enterprise.