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Home>Statoil Profit Hit Beyond Norway's Shores

Statoil Profit Hit Beyond Norway's Shores

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Tue, 28 Jul 2015

By Kjetil Malkenes Hovland OSLO-- Statoil ASA's ambitious expansion in oil production beyond Norwegian shores is increasingly yielding an unwanted byproduct: losses. The state-run oil and gas company posted a 16% drop in second-quarter profit on Tuesday, hit by the continuous slide in oil prices as
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