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Norges Bank Sees Rate Hike in September Amid Hawkish Shift
Category: Accounting / Financial
Norway’s central bank is preparing for a series of quarterly interest-rate increases after the summer, in a move that puts it ahead of most of the rich world in unwinding the crisis policies triggered by the pandemic. Norges Bank will “most likely” raise rates in September, Governor Oystein Olsen said in a statement on Thursday. […]
Source: BloombergQuint
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Norway Builds World’s First Electric Zero-Emission Fast Ferry
Category: Business News
Construction commenced in Norway for a fully electric passenger fast ferry, which is being called the first of its kind in the world. The vessel, which is due to enter service in the spring of 2022, is the first of three as part of a project to develop new modular methods for the design and […]
Source: Maritime Executive
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America’s Image Abroad Rebounds With Transition from Trump to Biden
Category: Business News
The election of Joe Biden as president has led to a dramatic shift in America’s international image. Throughout Donald Trump’s presidency, publics around the world held the United States in low regard, with most opposed to his foreign policies. This was especially true among key American allies and partners. Now, a new Pew Research Center […]
Source: Pew Research Center
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Government Publishes White Paper on Long Term Value Creation from Norway’s Energy Resources
Category: Business News
Today, the government published its Report to the Storting (White Paper) Putting Energy to Work, exploring the long-term value creation from Norwegian energy resources. The White Paper sets out how Norway can use its energy resources to create continued economic growth and new jobs. Norway’s position as an energy nation will be further developed through […]
Source: Regjeringen
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ConocoPhillips Norge has Commemorated 50 Years of Production from the Ekofisk Field in the Southern Norwegian North Sea.
Category: Business News
TANANGER, Norway – ConocoPhillips Norge has commemorated 50 years of production from the Ekofisk field in the southern Norwegian North Sea. At the same time, the company has started production from the re-developed Tor field satellite, 13 km (8 mi) northeast of the Ekofisk Complex. Tor began producing in 1978 and was shut in 2015: the new development is based on […]
Source: Offshore
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