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Statoil Makes Norwegian Sea Discovery

Business

Category: Energy

The preliminary estimated volume of the discovery is in the range of 25 – 47 MMboe. Exploration well 6506/9-3 is situated in production license PL479 in the Norwegian Sea. Statoil is operator with an interest of 40.95%. The partners are ENI 19.6%, Petoro AS 14.95%, ExxonMobil 14.7%, and Total 9.8%.

Source: Dow Jones Newswires

Published: August 19, 2013


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Norway Oil Fund Appoints Corporate Governance Advisory Board

Business

Category: Financial / Investment

The fund invests Norway’s revenues from oil and gas production for future generations. It is one of the world’s largest investors with holdings in some 7,500 companies. The FT reported the fund is appointing Peter Montagnon, formerly of the Association of British Insurers; John Kay, Financial Times columnist and author; and Tony Watson former chief […]

Source: Reuters

Published: August 8, 2013


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After Congress’s Cuts, US Trade Suffers for Want of Jet Fare

Business

Category: Government

Cutting the overseas travel budget of a few dozen trade negotiators hardly seems a comparable threat to America’s national security. Yet it could have as large a ripple effect on the nation’s global competitiveness as the budget cuts squeezing the Pentagon under the austerity program known as sequestration.        The Office of the United States Trade […]

Source: The New York Times

Published: August 5, 2013


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Norway: Flagship for Tesla Sales in Europe

Business

Category: Automobile / Transport

Tesla said on Wednesday in its Q2 earnings report that it has delivered its first Model S cars to customers in Europe in Norway, Switzerland and the Netherlands. The electric car company said that in the second quarter it made “several hundred” Model S cars for service loaners, customer test drives and deliveries to customers […]

Source: Gigaom

Published: August 7, 2013


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US Trade Gap Falls in June After Exports Rise

Business

Category: Statistics

The Commerce Department said Tuesday that the U.S. trade gap fell more than 22 percent in June from May to $34.2 billion. That’s lowest level since October 2009. American companies shipped more aircraft engines, telecommunications equipment, heavy machinery and farm goods. As a result, exports rose 2.2 percent to an all-time high of $191.2 billion. […]

Source: Associated Press

Published: August 6, 2013


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