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Norway’s Central Bank Sees Rate Hike, Growth Recovery in 2015

Business

Category: Statistics

The bank left its key rate at 1.5 percent and said growth on the mainland – excluding the vast offshore oil and gas sector – would slip to 1.75 percent this year from last year’s 2.0 percent, before picking up to 2.5 percent in 2015. “The analyses imply an unchanged key policy rate in the […]

Source: Reuters

Published: March 27, 2014


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Norway Industrial Workers Threaten April 2 Strike as Wage Talks Flounder

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Category: Human Resources

Initial mediation has broken down and the parties now start forced mediation in the first set of major wage talks that will later be followed by oil workers and public sector employees. “There is significant distance between the parties,” Nils Dalseide, the national mediator told a news conference. “I think we could come to an […]

Source: Reuters

Published: March 28, 2014


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Statoil Reviews Snorre Recovery Project on Higher Norway Taxes

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Category: Energy

The Stavanger-based company last year said it planned to build a new drilling and processing platform at the North Sea’s Snorre field to extract an extra 300 million barrels of oil and extend output until about 2040. “We have to revisit the project, to look at concepts and make a new evaluation,” Chief Financial Officer […]

Source: Bloomberg

Published: March 20, 2014


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Apache Awards North Sea Verification Contract to DNV GL

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Category: Energy

DNV GL has had a long history on the Beryl Alpha and Bravo installations, which have been operated by Apache since January 2012, delivering both the Safety Case and the former Certificate of Fitness regimes. With the new contract in place, DNV GL offers a range of verification services to Apache, including Risk-based verification (RBV) […]

Source: World Oil

Published: March 21, 2014


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API: LNG Exports Support America’s Role as Energy Superpower

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Category: Energy

“For the first time in generations, the United States is an energy superpower,” said Milito. “And the world—especially Europe and countries like Russia, China, and India—is watching closely to see if American policymakers are ready to harness that power on the international stage. “Now is the time to build our energy infrastructure, expand exports, and […]

Source: World Oil

Published: March 17, 2014


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