NEWS

‘Drill, baby, drill’ unlikely under Trump presidency, Exxon says

Category: Business News

Oil and gas producers in the U.S. will not raise output significantly in the coming years despite calls from President-Elect Donald Trump to “drill, baby, drill,” said Exxon Mobil Corp.’s Upstream President Liam Mallon. “I think a radical change is unlikely because the vast majority, if not everybody, is primarily focused on the economics of […]

Source: WorldOil.com

Norsk Hydro VP in Silicon Valley to Pitch Green Aluminum

Category: Business News

Hilde Haugen Kallevig, vice president at Norsk Hydro, recently relocated to San Francisco. She wants to convince companies like Tesla and Rivian that low-carbon metals are both an environmental benefit and a smart business move, even if the cost is higher. Haugen Kallevig sees a shift to green materials as an opportunity for Silicon Valley’s […]

Source: Silicon Valley Nordic Beat

Secretary Antony J. Blinken and Norwegian Foreign Minister Espen Barth Eide at the Signing of a Memorandum of Cooperation on High-Standard, Market-Oriented Trade of Critical Minerals

Category: Business News

Secretary Blinken stated that yesterday’s “signing of this Memorandum of Cooperation demonstrates a shared commitment to economic security in both a timely and tangible way. Developing secure, transparent critical mineral supply chains is essential if we’re going to achieve our global clean energy goals, but it’s also an essential aspect of our national security.” Read Full […]

Source: www.state.gov

Published: January 10, 2024

Rare Earths Norway Uncovered Largest Deposit in Europe

Category: Business News

Norway just struck a gold mine. Well, a rare mineral mine.  The Norwegian mining company, Rare Earths Norway, just uncovered the largest deposit of rare earth elements in Europe. The discovery has major implications not just for the company, which is certainly poised for a windfall, but for global geopolitics.  Rare Earths Norway found the deposit in the Fen […]

Source: Fortune

Joint Statement from the United States and Norway on Cooperation on High-Standard, Market-Oriented Trade of Critical Minerals

Category: Business News

Today, U.S. Deputy National Security Advisor for International Economics Daleep Singh and Norwegian Minister of Trade and Industry Jan Christian Vestre signaled their intent to move forward with a U.S.-Norway Memorandum of Understanding (MOU) Concerning Cooperation on High-Standard, Market-Oriented Trade of Critical Minerals. The MoU is an important step towards further strengthening the United States […]

Source: The White House