EUROPE

Statoil takes a hit

STATOIL'S net operating income has fallen almost 50% to 34.3 billion Norwegian krone ($A6.3 billi...

Back in the second quarter of 2012 the Norwegian oil major reported net operating income of NOK62 billion. Adjusted earnings were NOK38 billion for the second quarter, down from NOK45.8 billion in the...

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