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Norway Acts to Boost National Shipping

Business

Category: Government

The Norwegian Government implemented a new salary scheme for seafarers from July 1 which means that companies employing Norwegian seafarers on Norwegian International Ship Register (NIS) vessels will be reimbursed all added salary taxes. Two years ago, the government implemented a new regime for Norwegian cadets, and in combination with the net salary scheme, this […]

Source: Maritime Executive

Published: July 23, 2017


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Norway’s Hydro in $3.2 billion deal for aluminum firm Sapa

Business

Category: Chemicals / Metals

Norwegian metals firm Norsk Hydro has agreed to take full ownership of aluminum products maker Sapa by buying a 50 percent stake from conglomerate Orkla, the companies said on Monday. The transaction values Sapa at 27 billion Norwegian crowns ($3.24 billion) on a debt-free basis. Hydro predicted it would see annual synergies of 200 million […]

Source: Reuters

Published: July 23, 2017


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Google Will Start Getting Wind Power From Norway

Business

Category: Energy

Alphabet’s Google unit expects to receive its first wind power from Norway by early September, the company told Reuters on Wednesday. Tellenes wind farm, a 50-turbine strong wind farm of 160-megawatt (MW) capacity that is currently under development, will become Norway’s largest wind farm and Google’s biggest in Europe. “We’ll purchase power as soon as […]

Source: Fortune

Published: July 23, 2017


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Regler for nytt oppdrettssystem er klare

Business

Category: Food & Beverage

Nærings- og fiskeridepartementet har i dag fastsatt endringer i regelverket som skal implementere det nye systemet for kapasitetsjusteringer i norsk lakse- og ørretoppdrett. – Regelverket som skal implementere det nye vekstsystemet er nå klart. Det betyr at vi er i rute og forventer å kunne beslutte de første kapasitetsjusteringene etter det nye systemet til høsten, sier fiskeriminister […]

Source: Regjeringen

Published: July 23, 2017


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Statoil to develop Snefrid Nord gas discovery, near Aasta Hansteen field

Business

Category: Energy

Statoil and partners have decided to develop the Snefrid Nord gas discovery near the Aasta Hansteen field in the Norwegian Sea. The discovery, scheduled to come on stream in late 2019, will be tied back to Aasta Hansteen. The authorities therefore today received a supplement to the Plan for Development and Operation (PDO) of the […]

Source: World Oil

Published: July 23, 2017


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