Norway Posted Record Trade Surplus as Oil Exports Boom


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: March 15, 2012


First Oil from Caesar Tonga Field in the Gulf of Mexico


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: March 13, 2012


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


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: March 9, 2012


mHealth Study by Boston Consulting and Telenor


Category: AmCham News

Around the world, healthcare systems are overburdened, costly and incapable of meeting the needs of a growing population. According to a new study from The Boston Consulting Group and Telenor Group, mobile health technology can offer sizeable benefits to all countries, lead to economic growth and promise a better life for individuals. Among the key […]

Source: Telenor

Published: February 28, 2012


ForgeRock Secures $7M in Funding from Accel Partners


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: March 2, 2012