EUROPE

Statoil earnings down for Q2

DIVESTMENTS, seasonal effects and lower gas prices have hit Statoil's second quarter 2014 earnings.

Statoil earnings down for Q2

Adjusted earnings were 32.3 billion Norwegian krone ($A5.5 billion), down 15% compared to the second quarter last year. The net adjustments of Kr300 million are primarily related to gains and impairments....

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