May 2 (LNGJ) - Norwegian energy company Statoil suffered a 58 percent plunge in first-quarter net profit to 6.4 billion crowns ($1.1Bln) compared to 15.4Bln crowns in the first quarter of 2012. Statoil said its earnings were affected by a variety of issues, including LNG production disruptions at the Hammerfest plant and financial provisions related to Statoil's agreements with the Cove Point LNG terminal in the US.
LNG impacts Statoil earnings
Written by John McKay
Thursday, 02 May 2013
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Last modified on Thursday, 02 May 2013 08:29
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