Friday, June 10, 2016

REFILE-UPDATE 1-BP and Det norske agree $1.3 bln Norwegian oil merger

OSLO/LONDON, June 10 (Reuters) - Oil companies BP and

Det norske have agreed to merge their Norwegian

businesses in a $1.3 billion share deal to cut costs, increase

profitability and challenge Statoil's Norwegian

offshore dominance.

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