What was remarkable about the most recent lease sale in the Western Gulf of Mexico? Not the number of blocks receiving bids, nor the total dollar volume of winning bids. It was the lopsided nature of the bidding, which showed Norwegian heavyweight Statoil
Statoil, which placed $139 million in winning bids, didn't just open fire in a scattershot manner. Compared to BP's
Royal Dutch Shell
Statoil was outbid on some blocks by Norsk Hydro
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Fool contributor Toby Shute doesn't own shares in any company mentioned. Norsk Hydro is a Motley Fool Income Investor recommendation. The Motley Fool's disclosure policy has serious firepower.