NEWS

Business and Investment News

Statoil: Digitalisation driving value creation

Business

Category: Energy

Statoil is establishing a digital centre of excellence and launching a roadmap with seven specific programmes for digitalisation in the company towards 2020. Digitalisation will help improve the safety, security and efficiency of Statoil operations. Towards 2020 Statoil expects to invest NOK 1-2 billion in new digital technologies, accelerating the digital roadmap work. Digital technologies […]

Source: Statoil


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IMF: – Norway’s economy is recovering

Business

Category: Government

Norway’s economy is beginning to recover, says The International Monetary Fund (IMF). The recovery is supported by strong domestic demand and accommodative macroeconomic policies. Today a mission from the International Monetary Fund (IMF) presented its annual assessment of the Norwegian economy and Norwegian economic policy. IMF predicts a GDP growth for mainland Norway of 1¾ […]

Source: Regjeringen


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Statoil to start producing from Norway’s Gina Krog field

Business

Category: Energy

The Norwegian Petroleum Directorate has granted consent for start-up of production from the Gina Krog field in the North Sea, and the operator—Statoil—is planning start-up in late June 2017. The field has been developed with a production facility resting on the seabed and an oil storage ship, in water depths of 110-120 m. The oil […]

Source: World Oil


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Oceans of opportunity: Cities increasing trade with Norway

Business

Category: Financial / Investment

Philadelphia is a city of firsts—the birthplace of the nation, Declaration of Independence, U.S. Constitution, and countless others. On March 30, a first step was taken in “selling” Norwegian businesses on the viability of the City of Brotherly Love for future investment. The Norwegian American Chamber of Commerce Philadelphia, along with representatives from the city, […]

Source: Norwegian American


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Unfreezing TTIP: Why a Transatlantic Trade Pact Still Makes Strategic Sense

Business

Category: Government

The talks about a transatlantic trade and investment partnership (TTIP) are in the freezer, and as long as US president Donald Trump continues his protectionist and anti-EU message, they will stay there. But since Trump and the EU never formally cancelled the talks, TTIP could be brought in from the cold. Trump does not see […]

Source: Center for European Reform


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