Norsk Hydro's US2.5-bil purchase of Spinnaker Exploration remains on track to close this year,the Norwegian company said Oct 28,two days after a partner in one of its target's Gulf of Mexico fields cut a production goal.Spinnaker stock had plunged 14% to US55.31/share Oct 27 after Murphy Oil,operator of the Front Runner field of which Spinnaker owns 25%,lowered its 2006 production outlook Oct 26 in part because of stagnant output at the field.
展开▼
