NEWS

Elektrek: Tesla becomes best-selling brand in Norway, pushing electric car market share to almost 50%

Category: Automobile / Transport

Tesla’s deliveries increased significantly in June in Norway – making Tesla the best-selling brand for the year and pushing the electric market share across all vehicles sold in the country to almost 50%. As Elektrek has previously reported, Tesla tried to deliver a record number of vehicles in the second quarter and based on our […]

Source: Elektrek

Published: July 8, 2019

World Oil: ConocoPhillips submits re-development plan for Tor field

Category: Business News

On behalf of the licensees, operator ConocoPhillips has submitted a Plan for Development and Operation (PDO) for a re-development of Tor field, in the Greater Ekofisk area in the North Sea. The field was in production from 1978 until it was shut down in 2015 when the installation reached the end of its lifetime. At […]

Source: World Oil

Published: July 1, 2019

Bloomberg: DNB Eclipses Nordea as the Biggest Bank in the Nordic Region

Category: Accounting / Financial

Norway’s DNB ASA has eclipsed perennial Nordic powerhouse Nordea Bank Abp as the biggest lender by market value in the Nordic region. DNB’s market value has now exceeded that of Nordea for the first time since the Helsinki-based lender was created through the merger of four Nordic banks at the end of 2001. Read entire […]

Source: Bloomberg

Bloomberg: Walmart Is Now Ethical Enough for Norway’s $1 Trillion Wealth Fund

Category: Accounting / Financial

Norway’s $1 trillion wealth fund revoked its more than decade-long exclusion on Walmart Inc. after the U.S. retailer tightened control over potential human rights abuses in its supply chain. Walmart has made “positive developments” in monitoring its suppliers, the fund’s Council on Ethics said in a statement released Tuesday. “Furthermore, the company engages actively in selected, high-risk […]

Source: Bloomberg

Energy Voice: ExxonMobil’s Norway exit could break records, Rystad says

Category: Business News

US supermajor ExxonMobil could be looking to fetch as much as $3.1 billion through the sale of its Norwegian portfolio, according to Rystad Energy. Rystad Energy partner Simon Sjøthun notes that a sale of this magnitude could be the largest private transaction ever recorded on the Norwegian Continental Shelf. “The valuation implies that a combined […]

Source: Energy Voice

Published: June 7, 2019