Oslo - Norwegian energy giant Statoil Hydro's second-quarter earnings were boosted by record-high oil and gas prices, the group said Friday.
Net income was 18.91 billion kroner (3.68 billion dollars), up 36 per cent on the corresponding business quarter in 2007.
Turnover increased 34 per cent to 170.6 billion kroner, the group said, noting that net operating income surged 74 per cent to 62.6 billion kroner.
"The second quarter result is primarily influenced by high oil and gas prices," Statoil Hydro chief executive Helge Lund said in a statement.
- The price for crude oil produced by the Organization
Vienna
