NEWS

World Oil: TechnipFMC lands three subsea construction projects offshore Norway

Category: Business News

Equinor has awarded two contracts and issued a letter of intent to TechnipFMC for pipelaying and subsea installation for three projects on the Norwegian continental shelf (NCS). The projects in scope are Breidablikk and the Gas Import System for the Snorre Expansion Project, for which contracts have been awarded, and Askeladd Vest, for which a […]

Source: World Oil

Published: June 2, 2020

Bloomberg: Norges Bank Governor Says Force of Economic Rebound ‘Surprising’

Category: Business News

The governor of Norway’s central bank says he’s been surprised by the strength of the economic rebound in his country, as he signals an end to crisis interest rates roughly a year earlier than expected. “The consumption of services is rising markedly, and consumption of goods has maintained itself all along and is growing now,” […]

Source: Bloomberg

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

Reuters: Norway must keep strict border controls to avoid new infections – PM

Category: Airline / Travel

OSLO (Reuters) – Norway, which has some of the strictest travel restrictions in Europe, must maintain tight control of its borders to avoid importing COVID-19 cases from abroad, Prime Minister Erna Solberg said on Friday. Fears of an early second wave of infections in Europe are growing as the continent lifts travel restrictions ahead of […]

Source: Reuters

NPR: Trump Expected To Suspend H-1B, Other Visas Until End Of Year

Category: Business News

President Trump is expected to sign an order to suspend H-1B, L-1 and other temporary work visas through the end of the year, according to the multiple sources familiar with the plan. The new order — which is expected to come with broad exceptions — comes as the administration continues to wrestle with high unemployment […]

Source: NPR