Statoil thirsty for renewable investments as oil improves

The oil major is in a committed relationship with offshore wind turbines but might soon embark on an extracurricular love affair with solar panels, states the company after presenting a first quarter interim report full of success stories.

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Statoil awards oil contracts worth billions

Oil company Statoil has awarded three contracts to three different suppliers valued at a total NOK 8 billion. One of the agreements goes to Aker Solutions, which recently landed a large contract with Maersk Drilling.

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