economy of norway news
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Exclusive: Tycoon Fredriksen sees tanker market weak for at least 2 years
Oslo :: Norway | 14 days ago
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Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire, he told Reuters on Wednesday. Oslo-born Fredriksen, estimated
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Oil and Gas Pose Challenge to Norway's Tech Startups
Oslo :: Norway | 21 days ago
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For those who follow Europe's tech scene, naming startups from the Nordic/Baltic region wouldn't be too hard. There are any number from Sweden (music streaming site Spotify AB, payment service Klarna AB, games maker Mojang AB)...The browser company
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What Norway did with its oil and we didn't
Trondheim :: Norway | 1 month ago
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EDT An oil drilling rig in Norway. (gigishots/Getty Images/iStockphoto) When oil was discovered in the Norwegian continental shelf in 1969, Norway was very aware of the finite nature of petroleum, and didn't waste any time legislating policies to
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Wideroe crew strike grounds flights in Norway
Oslo :: Norway | 1 month ago
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Norway The Norwegian airline Wideroe says its cabin crew has gone on strike after labor negotiations broke down, grounding all aircraft and stranding 11,000 passengers in Norway and northern Europe. The airline says 312 flight attendants went on
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World's top fish farmer angles for Oslo rival
Oslo :: Norway | 1 month ago
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Marine Harvest is leading a feeding frenzy in the seafood industry. The world's biggest fish farmer recently swallowed Morpol, a smoked-salmon specialist...But Marine Harvest's $1.7-billion (U.S.) hostile bid might need a little improving...Its
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U.S. Navy orders Kongsberg weapon stations
Kongsberg :: Norway | 1 month ago
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The U.S. subsidiary of Norway's Kongsberg Gruppen has received a U.S. Navy order for its M153 Common Remotely Operated Weapon Station. Navy's remotely operated Stabilized Small Arm Mount weapon systems program, will be produced by Kongsberg Protech
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Oil field shut after 'steam release'
Aberdeen :: United Kingdom | 1 month ago
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Nexen's Buzzard North Sea oil field shut down after 'steam release' Production at Buzzard was halted after an alarm was initiated on Monday evening Production at one of the UK's largest-producing North Sea oil fields is expected to resume within 24
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Will Statoil Help You Retire Rich?
Dar es Salaam :: Tanzania | 2 months ago
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Since we looked at Statoil last year , the company has stuck with its seven-point score for the third year in a row. The stock, however, has sputtered, losing about 5% of its value over the past year. Much of the reason for Statoil's weakness over
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Statoil sells Mozambique stake to Japan's Inpex
Oslo :: Norway | 3 months ago
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Norwegian oil group Statoil said Tuesday it had sold a 25 percent stake in an exploration licence off the coast of Mozambique to Japanese group Inpex. The financial details were not disclosed, but Statoil said it will retain a 40 percent stake in the
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Statoil Claims 15 Gulf of Mexico Oil Leases
Mexico City :: Mexico | 3 months ago
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has won 15 oil exploration leases in the Gulf of Mexico in an auction held by the U.S...The total amount bid for these leases was not confirmed, but Statoil reportedly bid $81.8 million (in cooperation with Samsung Offshore) to win one single lease
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