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World Oil: The future is in the north, according to the Norwegian Petroleum Directorate

Category: Business News

STAVANGER — Our estimates indicate that more than half of the oil and gas that has not yet been discovered is located in the Barents Sea. The rest is distributed between the Norwegian Sea and the North Sea. The opportunities are greatest in the Barents Sea, where vast areas have not yet been explored.  The […]

Source: World Oil

Published: May 8, 2019


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Press Release: Raytheon providing US Marines With Naval Strike Missile Produced in Partnership with Kongsberg

Category: Business News

Raytheon Company announced today that they will integrate the Naval Strike Missile (NSM) into the US Marine Corps existing force structure under a $47.59 million Other Transaction Authority agreement with Marine Corps Systems Command. A USMC NSM supports the 2018 National Defense Strategy and Commandant of the Marine Corps modernization efforts. NSM is a long-range, […]

Source: Kongsberg

Published: May 7, 2019


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Bloomberg: NASA Says Metals Fraud Caused $700 Million Satellite Failure

Category: Business News

A metals manufacturer faked test results and provided faulty materials to NASA, causing more than $700 million in losses and two failed satellite launch missions, according to an investigation by the U.S. space agency. The fraud involved an Oregon company called Sapa Profiles Inc., which falsified thousands of certifications for aluminum parts over 19 years […]

Source: Bloomberg

Published: May 1, 2019


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Bloomberg: Norway’s Wealth Fund Surges $84 Billion in First Quarter

Category: Business News

Norway’s $1 trillion wealth fund gained $84 billion in the first quarter, or $16,000 per citizen, after it took advantage of a market sell-off late last year to build its massive portfolio. Return was 9.1 percent, or 738 billion kroner ($84 billion) Stocks rose 12.2 percent, bonds 2.9 percent and real estate 1.7 percent Fund […]

Source: Bloomberg

Published: May 5, 2019


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SSB: Tax statistics for personal tax payers

Category: Business News

The statistics for personal taxpayers give an overview of taxable income, income deductions and taxable assets, as well as taxes and tax allowances for people with a tax obligation in Norway. The statistics are based on data from the Norwegian Tax Administration. Click HERE to see the updated statistics.

Source: SSB


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