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Norway Bolsters Oil-Industry Defenses Against Foreign Takeovers

Business

Category: Defense / Security

Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially targeting a growing Russian interest in its resources. In recent proposed changes to industry regulations, the Norwegian government beefed up its possibility to reject non-European entities on grounds of national security from acquiring offshore oil and […]

Source: Bloomberg


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Worst Norway Offshore Slump Holds Key Lessons for Top Banker

Business

Category: Energy

Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent. “No one has seen a worse offshore market than what we’re going through now,” Kristin Holth, head of shipping, offshore and logistics at DNB ASA, said in an interview at the Nor-Shipping conference outside Oslo on Tuesday. “It […]

Source: Bloomberg


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ConocoPhillips: Langsiktig Norsk Perspektiv

Business

Category: Energy

Etter at oljeprisen begynte å falle sommeren 2014, har mange oljeselskaper opplevd store fall i inntekter og resultater. Oljegiganten ConocoPhillips hadde i fjor 14,8 milliarder kroner i inntekter fra norsk sokkel. Dermed har inntektene falt med knappe 10 milliarder på to år. I 2014 var tilsvarende tall 24,6 milliarder, mens det i 2015 ble 17,9 milliarder […]

Source: Sysla


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Statoil: Digitalisation driving value creation

Business

Category: Energy

Statoil is establishing a digital centre of excellence and launching a roadmap with seven specific programmes for digitalisation in the company towards 2020. Digitalisation will help improve the safety, security and efficiency of Statoil operations. Towards 2020 Statoil expects to invest NOK 1-2 billion in new digital technologies, accelerating the digital roadmap work. Digital technologies […]

Source: Statoil


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IMF: – Norway’s economy is recovering

Business

Category: Government

Norway’s economy is beginning to recover, says The International Monetary Fund (IMF). The recovery is supported by strong domestic demand and accommodative macroeconomic policies. Today a mission from the International Monetary Fund (IMF) presented its annual assessment of the Norwegian economy and Norwegian economic policy. IMF predicts a GDP growth for mainland Norway of 1¾ […]

Source: Regjeringen


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