Statoil's profit more than halved in Q3

Dipping oil prices continue to plague Norwegian oil giant Statoil, with its adjusted earnings before tax dropping by 60 percent in Q3 to USD 436 million. The company is cutting back on investments.

BY KATRINE GRØNVALD RAUN & SØREN SPRINGBORG

Norway's Statoil has seen a significant drop in adjusted earnings after tax, which came to USD 436 million in the third quarter of the year - a drop of 60 percent compared with the same period of 2014 when it bagged more than USD 1 billion, the interim report, published Wednesday morning, shows.

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Statoil's profit more than halved in Q3

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Statoil may slash 2000 jobs in Norway

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Front page now

Ukraine's grain exports halves in one year

Navigare Capital cashes in from sale of several ships

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

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

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

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

Shanghai to set up first pan-Pacific green corridor with Los Angeles

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

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs