Giant impairment sends Statoil into the red

Impairments and low oil and gas prices send Statoil's 3rd quarter result into the red.

BY KASPER BRØNDGAARD ANDERSEN, ENERGIWATCH

Like most of the oil industry, Statoil has its hands full right now.

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Cosco and CMA CGM expect further pressure on major European ports

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Congestion in Asian ports is now as bad as during Covid

The Port of Singapore has not seen such pressure from high container volumes since the pandemic as nervous shippers move forward the peak season.

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Less than one percent of the container fleet is currently idle

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Giant impairment sends Statoil into the red

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Statoil divests billion-dollar assets to Wintershall

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Ex-Statoil CEO sets a new European salary record

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

14 arrested at demonstration in front of Maersk headquarters

Jobs