EXPLORATION

Statoil flags capex cuts

WITH its full year earnings of 163.1 billion Norwegian krone ($A29.5 billion) down from last year...

Statoil said its full year result was impacted by divestments and redetermination. Net income in the fourth quarter of 2013 was kr14.8 billion, up 14% on the kr13 billion in the same period in 2012....

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