Statoil presents disappointing 2nd quarter result

The state-owned Norwegian oil company made USD 370.8 million less on operations in the 2nd quarter 2014, though CEO Helge Lund describes the result as solid.

BY OLE ANDERSEN

Norwegian Statoil achieved an operating profit of USD 5.15 billion in the 2nd quarter 2014, a decline of USD 370.8 million - corresponding to a 15 percent drop - compared to the same period 2013, according to the state-owned oil company's interim report, published Friday.

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Statoil presents disappointing 2nd quarter result

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Statoil breathes life into 31-year-old discovery

Statoil looking to save USD 5 billion with new cost reductions

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Dubai challenges Singapore as shipping's favorite city

John Fredriksen has increased his wealth by NOK 81bn this year

Cosco to build production chain for green methanol

Carsten Mortensen wants to build green reefer ship for banana export

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