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Maritime News - 2018 Jul 26

26 Jul 2018

Equinor Q2 Core Earnings Lag Forecasts

© Bo B. Randulff, Roar LIndefjeld / Equinor

Norwegian oil and gas firm Equinor said on Thursday second-quarter adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields.The company formerly known as Statoil also said it was too early to follow peers, such as Shell and Total , with share buyback programmes as it had investment plans to fund."We did not feel it was natural in the second quarter (to launch buybacks) because we have big projects and increased working capital.

26 Jul 2018

Saudi Arabia Halts Red Sea Oil Exports after Tanker Attacks

Saudi Arabia said on Thursday it was suspending oil shipments through a strategic Red Sea lane after Yemen's Iran-aligned rebels attacked two tankers in the waterway…
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