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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Risk to the United States Labor Market During the Economic Recovery Following the 2019 Novel Coronavirus Outbreak,” was rescinded on February 24, 2021.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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Exclusive: Equinor considers more US asset sales in global strategy revamp
Category: Business News
OSLO (Reuters) – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of U.S. assets over the past decade. While the company, like other energy majors, has been […]
Source: Reuters
Published: January 15, 2025
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Yara proposes NOK 20 per share dividend, establishes Clean Ammonia unit
Category: Business News
Yara reports improved fourth-quarter deliveries, offsetting the impact of higher energy cost. Fourth-quarter net income was USD 246 million (USD 0.93 per share) compared with USD 199 million (USD 0.73 per share) a year earlier. “Yara delivers its tenth consecutive quarter with improved capital returns, with increased deliveries and production offsetting the impact of higher […]
Source: GlobeNewswire
Published: February 9, 2021
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