Oil companies' cost reductions now starting to show

A rising oil price and large-scale cost reductions have significantly boosted earnings at oil companies such as Statoil, Shell, and Aker BP in the first quarter. Several of these firms are now gearing up to invest, but the good old days will never return, projects Nordea Markets.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

The past two weeks have brought interim reports from oil companies showing that the arrow seems to now be pointing in the right direction for the hard-pressed sector.

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Dong ends Hejre dispute with DKK 0.9 billion settlement
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Statoil thirsty for renewable investments as oil improves
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Shell books "strong first quarter"
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