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Norway’s Unemployment Surprise Cements September Rate Hike Case
Category: Business News
Norway’s unemployment fell more than expected, cementing the case for Norges Bank to begin post-crisis interest rate hikes later this month. The seasonally-adjusted registered jobless rate declined to 2.7% in August, compared with the median estimate of 2.9% in a Bloomberg survey of economists that was in line with the central bank’s expectation published in June. Norges […]
Source: Bloomberg
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Norway Set for Rate Hike as Economy Accelerates, Statistics Agency Says
Category: Business News
OSLO, Sept 3 (Reuters) – The Norwegian economy is set to grow rapidly in the next several years as it recovers from the impact of the pandemic, setting the stage for an imminent central bank rate hike, Statistics Norway (SSB) predicted on Friday. “The reopening of society is well underway, and the upswing in the […]
Source: Reuters
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Norwegian Government Proposes Overhaul of Petroleum Tax System
Category: Business News
OSLO, Aug 31 (Reuters) – Norway’s government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country’s top industry. If passed by parliament, the proposals would remove deductions that some economists say […]
Source: Reuters
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Banks’ Hidden ESG Risks Exposed in Norway Wealth-Fund Review
Category: Business News
OSLO, Aug 20 (Reuters) – Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, should push firms it invests in to eventually cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement, a government-appointed commission said on Friday. Climate risk should also be made a part of the mandate of […]
Source: Bloomberg
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ABS Brings Together Leading Industry Players to Tackle Safety Challenge of Aging FPSO Fleet
Category: Business News
HOUSTON – ABS has brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the ship type vessels are over 30 years old, and a quarter are over 40 years old. The working group, consisting of Chevron, Shell […]
Source: World Oil
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