Increasing gas sales, higher prices, and lower operating costs helped Statoil finish the first three quarters of the year with a significant step forward on its top as well as bottom line, shows the company's first quarter interim report published Thursday.
The Norwegian oil major saw its profit grow to USD 1.064 billion against USD 611 million in the same quarter, while revenue increased 54 percent compared to the first quarter 2016.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from EnergyWatch
Cobod to help GE make turbines taller
The Danish 3D printing company has signed an exclusive deal with GE, which recently bought a stake in the company.
UK to levy tax on electricity producers' windfall profits
Chancellor of the Exchequer seeks to introduce a new tax, which could affect owners of wind farms.
Siemens Gamesa sends factories into hibernation, sacks employees
Two US factories will be closed over the summer, and several workers will be laid off. A patent case with GE is to blame, along with low demand.
Ørsted CEO: "Renewable energy is now a security policy issue"
Economic warfare against Russia has prompted Europe to raise its ambitions and purge itself of fossil fuel energy, and this agenda suits the Ørsted CEO perfectly.
RWE criticizes Repower EU
The German utility is concerned that elements of the new EU plans will end up curtailing the roll-out of hydrogen and that Repower EU could potentially run counter to the entire purpose of emissions trading.
Industry specialist and architect - Energy & Utility 
Project Developer 
Senior Market Director, Offshore wind 
Team Manager 
Commercially Oriented Senior Product Manager 
Senior Risk Analyst 
We are looking for advisers who will help shape the green transition and develop the business area "Sustainable Energy" 
Head of Secretariat - The Indo-Danish Centre of Excellence for Offshore Wind and Renewable Energy 
Data analyst / data scientist to develop the Danish electricity distribution network and support green transformation of Denmark 
Specialist who can develop our GIS systems 
Strategic project manager for the green transition 
Pipeline Manager 
Head of Purchasing and Logistics - with commercial mind-set