Statoil ASA trading as Statoil and formerly known as StatoilHydro is a Norwegian energy company formed by the 2007 merger of Statoil with the oil and gas division of Norsk Hydro. The Government of Norway is the largest shareholder in Statoil with 67% of the shares. The ownership interest is managed by the Norwegian Ministry of Petroleum and Energy. Statoil is a fully integrated petroleum company with production operations in thirteen countries and retail operations in eight.