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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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Green Ammonia from HEGRA to Secure Norwegian Competitiveness
Category: Business News
Herøya, Norway, 16 August 2021, 07:30 CET: Today the company HEGRA is launched at Herøya, Porsgrunn, with former Statnett CEO, Auke Lont as Chairman. The company aims to electrify and decarbonize the ammonia plant at Herøya, enabling large-scale green ammonia production. «HEGRA» is short for HErøya GReen Ammonia, and is co-owned by Yara, Aker Clean […]
Source: GlobeNewswire
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Norway to Speed Up COVID-19 Vaccination
Category: Business News
OSLO, Aug 13 (Reuters) – Norway will get access to one million additional doses of COVID-19 vaccines in the coming weeks, allowing the country to speed up its immunisation programme, the government said on Friday. “With this delivery, adults above the age of 18 will be able to complete their vaccination during the first two […]
Source: Reuters
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