Statoil to save another $1 billion in further cost-cutting push

Norwegian oil and gas giant Statoil will reduce its costs by another $1 billion during 2017. The oil company on Friday presented its annual report for 2016 where it said it expects to achieve an additional $1 billion in efficiency improvements in 2017 for a total of $4.2 billion. While oil prices in 2016 increased over $30 […]

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