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Baker Hughes and Akastor ASA announce joint venture company
Category: Business News
Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad […]
Source: bakerhughes.com
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Norwegian Air subsidiary files Chapter 7 bankruptcy, lays off South Florida workers
Category: Airline / Travel
The U.S. affiliate of a large international airline filed for Chapter 7 bankruptcy Feb. 12. Fort Lauderdale-based Norwegian Air Resources US Inc. filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida, according to court filings. The filing is part of a larger reorganization strategy from parent company Norwegian Air Shuttle, […]
Source: Bizjournals
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Norway Sees Dramatic Drop in Interest for Arctic Oil Exploration
Category: Business News
Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had […]
Source: Bloomberg
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Rescission of Presidential Proclamation 10014
Category: Business News
Presidential Proclamation (P.P.) 10014, entitled “Suspension of Entry of Immigrants Who Present a Risk to the United States Labor Market During the Economic Recovery Following the 2019 Novel Coronavirus Outbreak,” was rescinded on February 24, 2021. Read full article
Source: US Department of State
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Economic perspectives by Øystein Olsen, Governor, Norges Bank
Category: Accounting / Financial
Annual address by Governor Øystein Olsen to the Supervisory Council of Norges Bank on Thursday, 18 February 2021. One year ago, I stood here and delivered the annual address to 300 guests. This year is different. This evening there are no guests physically present at the central bank. The contrast with last year could hardly […]
Source: Norges Bank
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