Saturday , September 26 2020
Breaking News
Home / International Customs / Norway (page 25)

Norway

Nokia getting back into smartphone game

OSLO: Nokia hasn’t been making its own phones since early 2014 when Microsoft acquired the Devices and Services part of its business for $7.2 billion (£4.7 billion). Earlier this year, Nokia confirmed that it would be returning to the smartphone market in 2016 and here’s a render that shows what the device could look like: Read More »

Norway faces 20% drop in oil investment after prices slump

OSLO: Western Europe’s biggest oil and gas producer will probably see investments slump by one-fifth next year compared with 2014, when crude hit a peak, as the industry adjusts to considerably lower prices. Investments by oil and gas companies operating in Norway will fall to 171 billion kroner ($20 billion) next year, 5.6 percent under a previous estimate, according to ... Read More »

Bellona’s efforts in building re-charging infrastructure for EVs in Norway

OSLO: Compared with the rapid increase of EVs in Norway, the roll-out of charging stations has been too slow. The effort to increase charging points and develop a robust infrastructure must be intensified to benefit both the local environment and the global climate. In addition, the increasing number EVs on the road in Norway place a higher demand for an ... Read More »

Norway just too rich for $850b wealth fund quantitative easing

OSLO: With an $850 billion wealth fund as a backstop, the nation has had a limited need to issue bonds, leaving the level of outstanding debt potentially too small for purchases. That means launching a QE program would probably be the last measure its central bank would turn to as it seeks to avoid a recession amid low oil prices. ... Read More »

Premier oil sells Norway assets for US$120m business

OSLO: Norway’s Det Norske has bought UK-based independent explorer Premier Oil’s Norwegian assets for US$120 million just a month after agreeing to buy Svenksa Petroleum for $75 million. The Premier Oil assets include the Vette development, for which Premier Oil has been working on a floating production facility solution, as well as the adjacent Mackerel and Herring discoveries, and a ... Read More »

Hydrogenics shares falls 4.7% after earnings Miss (HYGS)

OSLO: Hydrogenics fell 4.7% during trading after the company announced weaker than expected quarterly earnings, AnalystRatings.NET reports. The company traded as low as $9.43 and last traded at $9.90, with a volume of 104,391 shares. The stock had previously closed at $10.39. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ... Read More »

Apple CEO Tim Cook says governments force tech companies to weaken encryption

OSLO: Apple CEO Tim Cook issued a warning in The Telegraph today about what happens when governments force technology companies to weaken encryption across their products and platforms. End-to-end encryption, the term given when only the sender and recipient of messages can decipher them, makes it harder for intelligence agencies to spy on digital communications. In theory, this unbreakable encryption ... Read More »

Norwegian white fish exports down in Oct

OSLO: Norwegian white fish exporters last month failed to match the performance of their aquaculture colleagues, who saw farmed salmon sales hit new records. But the sector is still smiling. Cod, haddock, saithe and other groundfish sales totalled 1.28 Norwegian kroners (NOK) during October, a small drop of NOK 51 million or about four per cent. The volume of white ... Read More »

Song Thu Corporation launches Damen TSHD 2000 built for Rosmorpor

OSLO: Danang, Vietnam based Song Thu Corporation shipyard (Damen Shipyards Group) held the ceremonial launching of Severnaya Dvina dredger of Project TSHD 2000 built to the order of FSUE Rosmorport, Rosmorport’s press center says. The ceremony was attended by Consulate General of the Russian Federation in Danang Andrei Brovarets, Rosmorport Director General Andrei Tarasenko, representatives of Damen Shipyards Group and ... Read More »

Vodafone struggling to prove more than M&A play

OSLO: Since selling off the family silver – the stake in Verizon Wireless – Vodafone (LON:VOD) has yet to define what the next act in its play will be like. The mobile phone network operator failed to upgrade its networks when its rivals did and now it must play catch-up, according to David Madden at spread betting firm IG. Alternatively, ... Read More »

Business travel firm 800,000 properties by Booking.com to become available to users of Concur

OSLO: New partnership has been forged between Booking.com and travel and expense management specialist Concur to help enhance business travel worldwide. More than 800,000 properties listed by Booking.com will become available to users of Concur. Concur executive vice president, Tim MacDonald, said: “Our new partnership with Booking.com demonstrates the importance of providing next-generation solutions to capture how business travel is ... Read More »

Norway promotes electric shipping on waterways

OSLO: The shipping industry has the same challenge as the automotive industry – strict emissions standards. Because there is not much room for improvements of conventional technologies beside some software tweaks, manufacturers are moving towards plug-in hybrids and electric ships. Green Coastal Shipping Programme was launched in Norway (by DNV GL and 25 partners from the Norwegian maritime industry and ... Read More »

Bharat Light & power, Norway’s Statkraft float JV to provide solar energy solutions

OSLO: Renewable energy company Bharat Light & Power has formed a joint venture with state-owned Norwegian power company Statkraft to provide distributed solar energy solutions in India. The equal joint venture, christened Statkraft BLP Solar Solutions (SBSS), will provide industrial and commercial consumers with rooftop and ground mounted solutions with worldclass technology and execution. Read More »

Bharat Light & Power, Norway’s Statkraft float JV to provide solar energy solutions

OSLO: Renewable energy company Bharat Light & Power has formed a joint venture with state-owned Norwegian power company Statkraft to provide distributed solar energy solutions in India. The equal joint venture, christened Statkraft BLP Solar Solutions (SBSS), will provide industrial and commercial consumers with rooftop and ground mounted solutions with worldclass technology and execution. Read More »

Norwegian pelagic exports down 12% in October

OSLO: Norway exported herring, mackerel and other pelagic fish to a value of NOK 1.5 billion ($100 million) in October, representing a decrease of NOK 208m, or 12%, compared with October 2014. Year to date, exports of herring, mackerel and other pelagic fish from Norway totaled NOK 5.3bn; a decrease of 8% compared with the same period in 2014. Norway ... Read More »

UK gas spot prices up as imports from Norway drop

LONDON: British spot gas prices rose on Monday morning as maintenance reduced imports from Norway and an unplanned outage cut Britain’s domestic supplies of gas. Gas for within day delivery was at 41.18 pence per therm at 0758 GMT, up 1.18 pence since their last settlement. . Gas for delivery on Tuesday was up 1.05 pence at 41.20 pence per ... Read More »

Norway asks India to remove import duties on seafood

OSLO: Norway has asked India to remove import duties for seafood, as it targets doubling its sales there, reports the Economic Times. “India has a large potential when it comes to expanding its fishing fleet and improving its marine regulatory framework,” said Norway’s minister of external affairs, Borge Brende. “Norway is the second largest seafood exporting country, whereas India is ... Read More »

Norway oil-rig tender reveals desperate drillers in Price Rout

OSLO: An unusually high number of rigs are competing for a Det Norske Oljeselskap ASA drilling contract in the North Sea, an illustration of how companies are desperate for business as producers slash spending amid a crude-price slump. “I’ve tendered for rigs on the Norwegian continental shelf many times, and I’ve never seen a tender with 13 rigs competing for ... Read More »

Norway pelagic exports decrease 12% in October 2015

OSLO: Norway exported herring, mackerel and other pelagic fish to a value of NOK 1.5 billion ($100 million) in October, representing a decrease of NOK 208m, or 12%, compared with October 2014. Year to date, exports of herring, mackerel and other pelagic fish from Norway totaled NOK 5.3bn; a decrease of 8% compared with the same period in 2014. Norway has ... Read More »

Norway gas-flows to Britain, continental EU broadly unchanged

OSLO: Norwegian gas flows to Britain and continental Europe were broadly steady on Tuesday morning despite several outages, data from gas system operator Gassco showed. Gas flows to Europe were running at 331 million cubic metres (mcm) per day by 0845 GMT, up 3 mcm from volumes delivered on Monday. An unexpected outage because of compressor failure cut output from ... Read More »