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GE closes Baker Hughes deal, becomes No. 2 oilfield service provider

Business

Category: Energy

General Electric Co on Monday completed its buyout of Baker Hughes Inc, merging it with its own oil and gas equipment and services operations to create the world’s second-largest oilfield service provider by revenue. The new company, to be called “Baker Hughes, a GE company,” will begin trading on Wednesday on the New York Stock […]

Source: Reuters

Published: July 22, 2017


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Both Climate Leader and Oil Giant? A Norwegian Paradox

Business

Category: Energy

On an unseasonably warm day in May, Norway’s climate minister, Vidar Helgesen, strolled through a vast parking lot for electric cars, counting Teslas. “Two, three, four, five,” the minister marveled. And that was just one aisle. There are big perks to buying a Tesla — or any electric car — in Norway. The government waives […]

Source: NY Times

Published: July 22, 2017


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Gevinster ved etablering av datasenter i Norge

Business

Category: IP & Innovation

Etablering av et datasenter i Norge – på lik linje med det Facebook har etablert i Luleå i Sverige – vil kunne skape verdier for over fem milliarder kroner i løpet av 12 år og sysselsette over 6 800 årsverk, ifølge Menons rapport. I tillegg vil datasenteret kunne sysselsette over 450 årsverk i året og […]

Source: Menon

Published: July 22, 2017


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Why Brexit Debate Is Making Return Trip to Norway: QuickTake Q&A

Business

Category: Government

U.K. Prime Minister Theresa May used to say she wanted a customized, “bespoke” trading relationship for Britain once it leaves the European Union. That was before she, and her negotiating hand, were weakened by the results of a snap election that backfired. Now May might have to soften her approach to Brexit by agreeing to […]

Source: Bloomberg

Published: July 22, 2017


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IMF: – Norway’s economy is recovering

Business

Category: Government

Norway’s economy is beginning to recover, says The International Monetary Fund (IMF). The recovery is supported by strong domestic demand and accommodative macroeconomic policies. Today a mission from the International Monetary Fund (IMF) presented its annual assessment of the Norwegian economy and Norwegian economic policy. IMF predicts a GDP growth for mainland Norway of 1¾ […]

Source: Regjeringen

Published: July 22, 2017


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