News

Norway Posted Record Trade Surplus as Oil Exports Boom

Business
Date posted: 23.03.2012

Category: Statistics

The world’s seventh-largest oil exporter saw its trade surplus surge by an annual 53.6 percent last month, Statistics Norway said in a statement today. Exports rose 25 percent to 84.5 billion kroner. “The price per barrel was 692 kroner this month, compared to 603 kroner in February last year,” the agency said.  “This represents the […]

Source: Bloomberg

Published: April 24, 2024


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First Oil from Caesar Tonga Field in the Gulf of Mexico

Business
Date posted: 20.03.2012

Category: Energy

Caesar Tonga, in which Statoil Gulf of Mexico LLC has a 23.55% working interest, began flowing high-quality oil on 7 March. Production from the project’s first three wells is expected to ramp up to approximately 45,000 barrels of oil equivalent (BOE) per day. A fourth development well is expected to be drilled and completed later […]

Source: Maritime & Energy

Published: April 24, 2024


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Norway’s Krone Slumps Against Euro/Dollar as Giske Voices Concern

Business
Date posted: 12.03.2012

Category: Financial / Investment

“It is our concern because the export industries are hurting from the strong krone,” Giske said in an interview in Oslo Friday. “We are following the situation closely.” The krone reached a nine-year high earlier this month after emerging as a haven from Europe’s debt crisis. It slumped 0.5 percent against the euro to trade […]

Source: Bloomberg

Published: September 3, 2012


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ForgeRock Secures $7M in Funding from Accel Partners

Business
Date posted: 09.03.2012

Category: Technology

ForgeRock selected Accel Partners after receiving a high level of interest from several of the world’s leading venture capital funds. “We were looking for investors with a track record of backing companies which subsequently come to define their category.” said Lasse Andresen, ForgeRock Founder and CEO. “In Accel, we believe we have found the right […]

Source: ForgeRock

Published: February 3, 2012


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Entra and HP to Launch Environmentally Friendly Data Center in Norway

Business
Date posted: 01.03.2012

Category: Technology

The Greenfield Data Center, located in the Fet municipality in Akershus, will be using newly developed technological solutions to contribute to significant reduction of costs for the operation of servers, reduce space requirements and provide greatly reduced energy consumption compared to today’s dispersed data centres, says Kyrre Olaf Johansen, CEO of Entra Property. The plan […]

Source: DataCentres.com

Published: October 2, 2012


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