STAVANGER, Norway, April 29 (UPI) -- A stake in the U.S. natural gas sector helped Norwegian energy company Statoil post a sizable profit for the first quarter, President Helge Lund said Tuesday.
Statoil's net operating income of $8.5 billion was a 35 percent increase from the same time last year. Adjusted earnings were up 9 percent to $7.6 billion.