All posts by admin

Bloomberg: A Ship Full of Teslas Is Hotly Awaited in Oslo

March 18, 2019Automobile / Transport, Business NewsModel 3, Norway, Oslo, Teslaadmin

Tesla Inc. is set to make one of the largest deliveries yet of its new Model 3 car to Norway, one of the electric-vehicle producer’s biggest markets.

The Glovis Courage is due at the Port of Oslo on Thursday, loaded with about 1,800 Teslas, according to an email sent by the port to businesses located near the dock.

It wasn’t clear how many were Model 3s, but that car has largely outpaced the older Model X and S in new registrations in Norway so far this year. If that’s any indication, most of the cars are likely to be Model 3s

Read entire article HERE.

Bloomberg: Oil Divestment List for Norway’s $1 Trillion Fund Isn’t Final

March 18, 2019Business News, Energy, GovernmentDivestment, Norwegian Government, Oil Fund, Regjeringen, Upstreamadmin

Figuring out exactly which oil companies Norway is targeting for divestment wasn’t easy last week when the government made its historic announcement. It turns out no one knows precisely yet.

After revealing it would allow its $1 trillion wealth fund to sell out of $7.5 billion in upstream oil and gas companies, the government disseminated two separate lists of potential targets: one with 134 companies and one with 150 companies.

The lists also included many refiners and petrochemical groups and would be at odds with the decision to only exclude “upstream” companies. The government now concedes that the actual work to single out divestments remains to be done

Read entire article HERE.

Press Release: AIM Norway, Lockheed Martin To Establish F-16 Sustainment Hub In Norway

March 13, 2019Business News, Defense / SecurityAIM Norway, F-16, Kjeller, Lockheed Martin, Royal Norwegian Air Forceadmin

OSLO, March 12, 2019 – AIM Norway and Lockheed Martin (NYSE: LMT) signed a historic agreement to jointly establish the world’s first Lockheed Martin-licensed F-16 ‘Falcon Depot’ center for the Royal Norwegian Air Force (RNoAF) and other regional F-16 customers. The facility will be located in Kjeller, Norway, at an existing maintenance, repair and overhaul (MRO) facility used by the RNoAF.

AIM Norway offers decades of F-16 sustainment knowledge that can benefit F-16 customers across the globe by leveraging AIM’s extensive technical expertise and capabilities. Lockheed Martin, the original equipment manufacturer and design authority of the F-16, is leveraging AIM’s extensive technical expertise and MRO experience to support the Royal Norwegian Air Force, regional customers and the global F-16 fleet.

“Lockheed Martin is extremely proud of our longstanding relationship with AIM Norway and Norway,” said Susan Ouzts, vice president of Lockheed Martin’s F-16 Program. “This first-of-its-kind Falcon Depot Center reflects the strong global demand for F-16 sustainment services, which is poised to grow as we continue to produce new F-16s and upgrade existing aircraft.”

Lockheed Martin continues to grow its F-16 customer base and sees new F-16 production opportunities totaling more than 400 aircraft. There are approximately 3,000 operational F-16s in service today with 25 countries.

“AIM Norway is extremely proud that Lockheed Martin recognizes our experienced personnel, competence and capabilities. Together we will ensure continued success and readiness for existing and new F-16 operators,” said Ove Haukåssveen, CEO of AIM Norway.

AIM Norway is also expanding its footprint and capabilities in Norway. The F-35 Joint Program Office selected Rygge Air Base, Norway, as an F135 engine MRO&U center. The RNoAF currently has nine F-35s in country and Norway’s F-35 fleet is expected to grow to 52 aircraft.

About Lockheed Martin

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 105,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

About AIM Norway

AIM has played a major role in Norwegian aviation industry since 1916. AIM Norway is represented with 380 employees and provides maintenance, repair – and modification services for aircraft, helicopters, components and field equipment to the Norwegian Armed Forces and other military and civilian organizations.

Reuters: Lilly’s combo therapy succeeds in late-stage lung cancer study

March 13, 2019Business News, HealthEli Lilly, Lung Cancer, Rocheadmin

Eli Lilly and Co’s combination cancer treatment met the main goal of a late-stage clinical trial testing it on patients with a form of lung cancer, the drugmaker announced on Tuesday.

Previously untreated patients with metastatic non-small cell lung cancer taking a combination of Lilly’s Cyramza and Roche’s erlotinib went longer before their disease started to worsen, study results showed.

Lung cancer is the leading cause of cancer death among both men and women, and each year, more people die of lung cancer than of colon, breast, and prostate cancers combined, according to the American Cancer Society.

Read entire article HERE.

E24: Høyres Heidi Nordby Lunde mener at Petter Stordalens forslag til skatt på digitale tjenester kan bidra til jobbflukt og dobbeltbeskatning.

March 13, 2019Business News, TechnologyDigitale tjenester, Facebook, Google, Heidi Nordby Lunde, Høyre, Petter Stordalenadmin

– Jeg er ikke prinsipielt mot beskatning av utenlandske selskaper, men jeg må innrømme at dette ikke er spesielt gode forslag, sier Nordby Lunde.

Utspillet fra Nordby Lunde kom etter at Petter Stordalen denne uken la frem to forslag til Stortingets finanskomité om skatt for digitale selskaper, som Facebook, Google og Booking.com.

Høyre-politikeren mener at forslagene vil skape et diskriminerende skattesystem, som gjør at vi risikerer at bedrifter investerer i andre land enn Norge.

Les hele saken HER.

Oslo Business Region Releases Annual Oslo: State of the City report

March 11, 2019Business NewsCompetitiveness, Oslo, Oslo Business Regionadmin

On March 5th, Oslo Business region launched their annual Oslo: State of the City report at an event held at Oslo City Hall.

Drawing from a database of more than 500 global indexes spanning 20,000 data points, the report assesses Oslo’s current performance, covering topics such as Oslo’s emerging status in the green economy, startup friendliness, and the city’s performance on diversity.

The report also highlighted Oslo’s rising profile in international rankings, including being named third out of one hundred fifteen cities in INSEAD Business School’s Global Talent Competitiveness Index and being ranked seventh out of sixty-five cities in BAK Basel’s Competitiveness Index.

Read the full report HERE.

New York Times: Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund

March 11, 2019Business News, Energy, GovernmentGas, Norway, Oil, Regjeringen, Sovereign Wealth Fundadmin

LONDON — The Norwegian government has recommended that the country’s $1 trillion wealth fund sell its holdings in a group of companies that focus on finding and producing oil and gas.

The decision, the result of a two-year review of the giant fund’s investments in fossil fuels, is a compromise that stops short of divestment in major energy companies like Exxon Mobil and Royal Dutch Shell. But the fund’s activities are closely watched, and the move seems likely to increase concern among investors about the risks of holding such stocks.

Read entire article HERE.

Gallup 2019 Report: Rating World Leaders

March 5, 2019Business News, GovernmentChina, Gallup, Germany, Russia, USA, World Leadersadmin

Do you approve or disapprove of the job performance of the leadership of the United States? Discover how the world views US leadership versus the leadership of Germany, China and Russia.

Results are based on face-to-face and telephone interviews with approximately 1,000 adults, aged 15 and older, in each country or area. Between March and December 2018, residents were asked to rate US, German and Russian leadership in 133 countries or areas, and residents in 134 countries or areas were asked to rate the leadership of China.

Download the report HERE.

Nasdaq raises offer for Norway’s Oslo Bors, matches Euronext bid

March 5, 2019Accounting / Financial, Business NewsNASDAQ, Oslo Børsadmin

Norwegian exchange operator Oslo Bors has recommended that its shareholders accept a sweetened buyout offer made by U.S.-based Nasdaq Inc on Monday, and reject a bid from Euronext.

Nasdaq is the preferred owner for Oslo Bors from an “industrial and strategic perspective,” Oslo Bors said, reiterating earlier statements endorsing Nasdaq’s bid.

Earlier on Monday, Nasdaq raised its offer price for Oslo Bors to about 6.8 billion Norwegian crowns ($789 million), matching a rival offer by Paris-based Euronext.

Read entire article HERE.

World Oil: Equinor reports “profitable” oil discovery from the Visund A platform

March 5, 2019Business News, EnergyConocoPhillips, Equinor, NCS, Norwegian Continental Shelf, Visundadmin

STAVANGER — Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 MMbbl of recoverable oil.

“We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf (NCS). These are profitable barrels that can be quickly tied in to existing infrastructure and generate substantial revenues for society. Infrastructure-led exploration is an important part of our roadmap for the NCS,” said Nick Ashton, Equinor’s senior V.P. for exploration in Norway and the UK.

Read entire article HERE.