NEWS

Bloomberg: Norway Bets on Tech to Cut $100 Billion North Sea Oil-Well Bill

Category: Business News

North Sea nations and oil companies face costs of more than $100 billion to shut down old wells in the depleted region. Researchers in Norway believe they can cut that figure dramatically. A new technology center in Trondheim hopes to halve the costs of plugging and abandoning wells — a procedure known as P&A that […]

Source: Bloomberg

Published: August 5, 2020

Bloomberg: Norway Targets Lower Oil-Wealth Spending in Budget, Sanner Says

Category: Business News

Norway’s Covid-related economic-support measures need to be phased out gradually and the government’s use of oil money should be tightened in the 2021 budget, the country’s finance minister said. In an interview with E24.no, Jan Tore Sanner said he has a clear goal of reducing the use of oil revenue, and believes it should happen as early […]

Source: Bloomberg

Published: January 8, 2020

Time Magazine: Erna Solberg on How Norway Is Reopening With Cautious Optimism: ‘We Know Where the Risk Points Are’

Category: Business News

When COVID-19 started rapidly spreading throughout Europe in March, Norway was hard hit. But under Prime Minister Erna Solberg’s leadership, the country quickly adopted strict lockdown measures and ramped up testing. Five months later, Norway now enjoys one of the lowest fatality rates in Europe. “This is the rainiest day Norway has had since the […]

Source: Time Magazine

Washington Post: Trump administration backs off plan requiring international students to take face-to-face classes

Category: Business News

The government agreed in court to rescind an edict from U.S. Immigration and Customs Enforcement requiring international students to take classes in person during the worsening pandemic. The rule, announced last week, was viewed as an effort by the Trump administration to pressure colleges into opening in the fall, and it sparked lawsuits from states […]

Source: Washington Post

Published: December 27, 2024

Business Standard: Trump move to ban H-1B visa will hurt job creation, warns business chamber

Category: Business News

Opposing the Trump administration’s “sweeping attempt” to restrict legal immigration, the Chamber of Commerce on Monday (local time) said suspending work visas to secure high-skilled jobs for Americans in a bid to revive the coronavirus-battered economy would not help the country and would rather only slow down growth and reduce job creation in US markets. “Today’s proclamation is a […]

Source: Business Standard