Text around image?

With custom template.

http://docs.mintjoomla.com/en/cobalt/custom-templates-general

Hello Petter,
you might also have success with a custom CSS class...
you can enter a custom class name in the image field parameters.
See General Properties -> Field Class

Depending on your current site's template and framework, you might even try pre-made utility classes like...

For Joomla core Bootstrap v2:

pull-right

pull-left

For Yootheme UIKIT v2 and v3:
(adds margins, even has additional responsive classes)

uk-align-right

uk-align-left

Usually, floated stuff might need an additional "clearfix" on the surrounding or following container...
but for now I would give it a try without one. See what happens to the layout.

Hope this helps.