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Statoil reduces capital budget by $2 billion following 4Q lo 
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Joined: Mon Aug 30, 2010 9:56 am
Posts: 20756
Post Statoil reduces capital budget by $2 billion following 4Q lo
OGJ Production News

Statoil ASA has reduced its organic capital expenditure to $18 billion in 2015 from $20 billion in 2014. The move comes on the heels of a fourth quarter in which the Norwegian multinational firm reported net losses of $1.18 billion, compared with a $1.98-billion gain in fourth-quarter 2013.



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Sat Feb 07, 2015 11:47 am
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