EXPLORATION

Statoil flags capex cuts

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

Statoil flags capex cuts

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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