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Statoil profits up in first quarter

Norway’s Statoil has recorded a net operating income for the first quarter of 2012 of Nkr 57.9 billion (US$9.99 billion) on the back of increased production and higher gas prices.

Expectations: The increased production rates were in line with company predictions, chief executive Helge Lund said.
Expectations: The increased production rates were in line with company predictions, chief executive Helge Lund said.
Published 8 May 2012, 06:06Updated 11 October 2016, 07:49
Europe