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Expanding Into Renewable Energy, Statoil CEO Saetre Says
Category: Energy
Statoil CEO Eldar Saetre discusses the production of oil and gas, and talks about expanding into renewable energy. He speaks on “Bloomberg Markets.” (Source: Bloomberg) See the video HERE
Source: Bloomberg
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Norway Sticks to Tightening Plan as Rate Held at Record Low
Category: Accounting / Financial
Norway’s central bank kept its signal intact to start raising interest rates in the second half of this year, undeterred by a cooling economic recovery in western Europe’s biggest oil producer. In an interim decision on Thursday, Norges Bank, as anticipated, held its key rate at 0.5 percent. The bank reiterated its message from March that […]
Source: Bloomberg
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50th anniversary of Norwegian satcom
Category: Culture / Lifestyle
Norway’s era of satellite communications began on May 17, 1968, with a ping from ESRO. A maxim in economic history holds that “Never in history has man successfully invented a device, an instrument, a machine, or a structure without creating a demand for performance far beyond the capacity of the original design.” This is particularly […]
Source: Norwegian American
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US, Norway officially enter arrangement to share supplies for national security
Category: Defense / Security
The United States and Norway entered into an official arrangement to mutually supply defense goods and services needed for national security in an April 12 signing ceremony at the Norwegian-American Defense Conference (NADIC). The Norwegian Ministry of Defense’ national armaments director Morten Tiller and Eric Chewning, the U.S. Defense Department’s deputy assistant undersecretary of defense for Manufacturing […]
Source: Defense News
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Norway plans to buy electric planes, mimicking green car success
Category: Airline / Travel
Norway said on Thursday it wants to buy electric passenger planes in the coming years to help slow climate change, building on its success with big tax breaks that have made it the world leader in electric car sales. State firm Avinor, which runs 45 airports in Norway, said the commitment to battery-powered aircraft could […]
Source: Reuters
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