Statoil reported its Q2 15 adjusted earnings with net profit at NOK7.2bn (vs. NOK9.9bn a year ago), 30% above expectations. On an IFRS basis, net income came in at NOK10.1bn thanks to the gain from divestments. Production reached 1.87mbpd in Q2 15, up 4% yoy (and 7% on a same basis), driven by the Norwegian Continental Shelf (NCS) +7%. For the 2014-16 period, organic growth for the group is expected to be around 2% CAGR. By division: 1) E&P Norway: production is up 7% to 1.15mbpd thanks t
