Norwegian Town Installs Mirrors To Get Winter Sunshine For First Time


Category: Culture / Lifestyle

Shielded by the Gaustatoppen Mountains, the valley town is cut off from direct sunlight during five to six months of the year. Thanks to newly installed mirrors, however, Rjukan will receive sunlight this winter for the first time in the town’s more than 100-year history. Workers put the final touches on the 5 million krone venture […]

Source: The Huffington Post

Published: July 18, 2013


Bain Capital Bids for Fish-Feed Unit of Norway’s Cermaq


Category: Seafood

The latest offer, from Stockholm-based Altor and US-based Bain Capital LLC, came as shares of Norwegian salmon fish farmers have reeled in big gains. Shares of Marine Harvest, the world’s largest producer of farmed salmon, have gained 57% over the past 12 months amid rising global demand and concerns about the potential for disease outbreaks […]

Source: The Wall Street Journal

Published: July 17, 2013


REC Slides as Citi Warns Spin Off Plan Faces Hurdles


Category: Financial / Investment

REC, which has been battling falling prices amid industry overcapacity, said on July 18 that it plans to spin off its solar unit in a deal that values the business at 800 million kroner ($135 million). By separating its solar and silicon units into separate companies, REC plans to make it easier for the businesses […]

Source: Bloomberg

Published: July 23, 2013


Statoil Takes Over Operatorship at Eagle Ford, TX


Category: Energy

“This is an important milestone for Statoil’s development as an operator in the US,” says senior vice president for US Onshore, Torstein Hole. “We now have operational activities in all of our onshore assets—Bakken, Marcellus and Eagle Ford. Our organization in Houston is eager to further develop our Eagle Ford holding as operator and we […]

Source: Statoil

Published: July 1, 2013