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World Oil: Equinor increases share in deepwater Gulf of Mexico from Shell
Category: Business News
STAVANGER — Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash. This will increase Equinor’s interest from 23.55% to 46.00%. Anadarko remains the operator with a 33.75% interest, and Chevron retains its 20.25% […]
Source: World Oil
Published: May 1, 2019
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Bloomberg: Oil-Rich Norway to Stress Test Its Finances Amid Climate Risk
Category: Business News
Norway, western Europe’s biggest oil and gas producer, plans to stress-test its public finances with different price scenarios to better understand risks related to climate change. The government’s decision follows recommendations from an expert report last year on climate risk, and comes amid an intensifying public debate in the Nordic nation about the future of […]
Source: Bloomberg
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Reuters: Norsk Hydro looks to master magnetism to keep carbon promise
Category: Business News
KARMOEY, Norway/LONDON (Reuters) – In the cavernous chamber of Norsk Hydro’s aluminum smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a […]
Source: Reuters
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Reuters: Norway clears way for Euronext to win Oslo Børs in Nasdaq bid battle (Video Link)
Category: Business News
Euronext won approval from Norway’s Ministry of Finance to buy up to 100% of Oslo Børs on Monday, effectively ending a five-month battle with Nasdaq for one of the last independent stock market operators in Europe. See video HERE.
Source: Reuters
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TechCrunch: Educational gaming platform Kahoot! acquires math app maker DragonBox for $18M
Category: Business News
Kahoot, the popular e-learning platform that provides a range of games to teach subjects (it has described itself as the “Netflix of education”), has made its first acquisition: it has acquired DragonBox, a startup that builds math apps, for $18 million in a combination of cash and shares. Åsmund Furuseth, Kahoot’s CEO and co-founder, said in […]
Source: TechCrunch
Published: May 9, 2019
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