Statoil posts loss on short-term issuesNegative net income due to lower oil and gas prices and impairments offset by strong operational performance and cash generation Mike Ellerd Petroleum News Bakken
Statoil saw a net income loss of approximately $769 million (4.8 billion Norwegian kroner, NOK, based on an average quarterly exchange rate) in the third quarter. However, at the same time, the Norwegian state-owned integrated multinational saw its global production increase nearly 2 percent averagi....
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Third quarter stats In the Bakken
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