En Español

Very usefull links


News links




Dow Jones

Oil price



Views and News





Reuters - Statoil Q2 results slightly above expectations


Petroleumworld 07 28 2017

Norway's Statoil quarterly results on Thursday came slightly above expectations, with company lowering its guidance for exploration spending in 2017.

Statoil reported adjusted operating profit of $3.02 billion in the second quarter, against expectations of $2.97 billion and against $913 million during the same period a year ago.

"Higher prices for both oil and gas, solid operational performance with high production, a reversal of provisions in Angola of $0.754 billion and continued progress on improvement work contributed to the increase," the majority state-owned company said in a statement.

Statoil has reduced its guidance for exploration spending in 2017 to around $1.3 billion from the previous guidance of $1.5 billion, while it still planned to drill about 30 exploration wells as previous planned.

Reporting by Nerijus Adomaitis, editied by Ole Petter Skonnord from Reuters.

07 27 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

Round 2.2 & 2.3






Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.