Oslo  - Norwegian energy giant Statoil Hydro's fourth-quarter net income has dropped 67 per cent on the previous year, the group said Tuesday, citing a drop in oil prices.

The stronger US dollar rate also impacted earnings, the state-controlled group said, reporting net income for the quarter of 2.0 billion kroner (291 million dollars) compared to 6.2 billion kroner for the corresponding quarter 2007.

Net operating income increased 22 per cent to 37.8 billion kroner, while turnover was up 3 per cent to 150 billion kroner.

The US Citizenship and Immigration Services (USCIS) on Tuesday revealed that an estimated