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Battle Hots Up for Arctic Resources

Business

Category: Government

“More than half of Norwegian waters are north of the Arctic Circle,” says Maj-Gen Rune Jakobsen, deputy chief of staff at the headquarters, gesturing at a map showing Norway’s maritime borders converging with those of Russia, Canada, the US and Greenland around the North Pole. “So it’s only natural that it gets a lot of […]

Source: The Financial Times

Published: July 4, 2011


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Schlumberger Acquires Remaining Equity Shares of Framo Engineering AS

Business

Category: Energy

Schlumberger (NYSE:SLB) announced the acquisition of the remaining equity shares from Frank Mohn AS in Framo Engineering AS—a privately owned Norwegian company specialized in the business of developing, manufacturing and selling products and services relating to multiphase pumps and subsea pump-systems, multiphase metering systems, and swivels and marine systems to the oil and gas industry. […]

Source: Schlumberger

Published: June 29, 2011


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Norway’s 100 Largest Exporters

Business

Category: Statistics

Statoil ASA unsurprisingly keeps its top spot, followed by ConocoPhillips Skandinavia AS. The majority of companies on the list show good growth from 2009 to 2010 despite economic downturn in many parts of the world. Other sectors that dominate the ranking are fish and seafood, technology and shipping.

Source: Norges Storste Bedrifter

Published: June 2, 2011


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IFRS in the US

Business

Category: Financial / Investment

As the largest supplier of software and services for the efficient administration, accounting and disclosure of share-based compensation plans in the North-European region, Norse Solutions has taken the opportunity to share its experience and views on the Commission Statement in Support of Global Convergence.

Source: US Securities & Exchange Commission

Published: June 1, 2011


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FMC Technologies Awarded $43 Million Workover Adapters Contract by Statoil

Business

Category: Energy

FMC’s scope of supply includes eight workover adapters for horizontal subsea production trees, five adapters for drill pipe landing strings as well as topside controls. The equipment will be manufactured at FMC’s facility in Kongsberg, Norway. Deliveries will commence in the second quarter of 2012. “This equipment will support workover operations at four fast-track fields […]

Source: FMC Technologies, Inc.

Published: July 6, 2011


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