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Norwegian oil company Statoil ASA says its first-quarter profits more than doubled, with increased production and rising oil prices offsetting a weak natural gas market.
Statoil said Wednesday that net profit for the January through March period jumped to 11.1 billion kroner ($1.84 billion) from 4 billion kroner in 2009. Quarterly revenue rose to 129 billion kroner from 113 billion kroner a year earlier.
The Stavanger-based group says a 48 percent increase in oil prices and higher oil and natural gas output offset a drop of 35 percent in natural gas prices.
Statoil is the main oil producer on the Norwegian continental shelf, and has about 30,000 employees in more than 40 countries.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
Inside look at NUMC's aging infrastructure President and CEO of Nassau University Medical Center Thomas Stokes explains the problems caused by the aging infrastructure within the hospital. Newsday Associate Editor Joye Brown reports.
