News

Key Policy Rate Unchanged at 2%

Business
Date posted: 18.03.2011

Category: Financial / Investment

Norges Bank’s Executive Board decided today to keep the key policy rate unchanged at 2 per cent. The Executive Board’s current assessment is that the key policy rate should be increased before the end of the first half-year of 2011. The upturn in the Norwegian economy has gained a firm footing and market interest rates […]

Source: Norges Bank

Published: April 26, 2024


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Norway Oil Fund Sticks to Targets after Stellar 2010

Business
Date posted: 18.03.2011

Category: Financial / Investment

OSLO, March 18 – Norway’s sovereign wealth fund (SWF) will stick to its target of a 4 percent real return on assets despite low bond yields, its head said, after soaring equity investments helped it hit returns of close to 10 percent last year. The $500-billion-plus SWF, fed by Norwegian tax revenues from oil and […]

Source: Reuters

Published: April 26, 2024


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ConocoPhillips Hikes Investments at Norway’s Ekofisk

Business
Date posted: 09.03.2011

Category: Energy

Oil firm ConocoPhillips (COP.N) and partners will invest close to $12 billion to extend the life of Norway’s four-decade-old Ekofisk oil and gas field, which was the first reservoir developed off the Nordic country.  The firm submitted on Thursday to authorities development plans for two fields at the site, Ekofisk South and Eldfisk 2, which […]

Source: ConocoPhillips

Published: September 2, 2011


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Wine Maker’s Dinner: an Ecological Evening with Marimar Estate

Business
Date posted: 08.03.2011

Category: Food & Beverage

This year’s Wine Maker’s Dinner was dedicated to ecological food and wine – in perfect harmony. In cooperation with Grand Hotel and Torres & Partners, AmCham invited members to an exclusive, intimate dinner and wine tasting at the hidden pearl that is Restaurant Julius Fritzner. Upon arrival, guests were served an unoaked Acero Chardonnay 2007 […]

Source: Torres & Partners

Published: April 26, 2024


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NOK 1000 Billion in Oil Income Last 10 Years

Business
Date posted: 07.03.2011

Category: Energy

Net cash flow to the government from the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf in 2010 was NOK 104 billion, up almost NOK 7 billion from the year before, Petoro reports.  Net cash flow to the government from the State’s Direct Financial Interest (SDFI) on the Norwegian continental shelf since Petoro’s […]

Source: NRK/Press release

Published: April 26, 2024


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