News

Norway’s Energy Investment Reputation Wanes as Parliament Intervenes

Business
Date posted: 23.05.2014

Category: Energy

In an unprecedented move, the opposition in parliament last week decided to push for detailed legislation on a field development before a production plan has been submitted. The plan calls for the government to require that companies prepare for an electrification system for three fields surrounding Johan Sverdrup, as part of an effort to cut […]

Source: Bloomberg

Published: April 25, 2024


More

USA Today: Let Discount Norwegian Fly

Business
Date posted: 19.05.2014

Category: Airline / Travel

With trans-Atlantic flights routinely topping $1,000 round trip these days, passengers have reason to celebrate when an airline starts offering discount ticket prices. And so it is with Norwegian, which recently introduced enticing fares such as $194 each way from New York to Oslo, or $268 from Oakland to Stockholm. But U.S.-based carriers and their […]

Source: USA Today

Published: April 25, 2024


More

Exxon’s Norwegian Oil Fields at Risk of Strike Shutdown

Business
Date posted: 16.05.2014

Category: Energy

Three oil fields operated by ExxonMobil Corp. in the Norwegian North Sea could be shut by a strike if mediation with a union over pensions fails, cutting about 50,000 barrels of crude output a day. The Safe union will order as many as 154 offshore-platform workers to walk out if the talks fail, paralyzing production […]

Source: Bloomberg

Published: April 25, 2024


More

Minister Brende Meets US Friends of Norway Caucus

Business
Date posted: 16.05.2014

Category: Government

The Norway Caucus was established in 1999. The caucus has 37 members, many from districts with ties to Norway through Norwegian-American heritage or business interests. The Caucus serves as a point of contact in Congress for issues of particular importance to Norway, U.S.-Norway relations and the Norwegian-American community. The Norway Caucus meets with visiting Norwegian […]

Source: Royal Norwegian Embassy in Washington

Published: April 25, 2024


More

Walt Disney’s profit rises 27 percent on strength of ‘Frozen’ movie franchise

Business
Date posted: 08.05.2014

Category: Business News

Walt Disney on Tuesday continued its red-hot earnings streak with the global success of the animated blockbuster “Frozen” and a ripple effect on sales of DVDs, music and other merchandise tied to the movie. Second-quarter net profit rose 27 percent, to $1.9 billion, as every business segment recorded double-digit growth in earnings. Revenue increased 10 percent, to […]

Source: Washington Post

Published: July 5, 2014


More