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Norway tracks record $5.2B exploration in 2010
Investments in the Norwegian oil and gas industry in 2010 are expected to reach 136.1 billion kroner ($21.36 billion), a number expected to rise considerably as more oil comanies report in and approve project budgets. Read more |
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StatoilHydro gets consent to use Deepsea Bergen on Heidrun, Norne and Åsgard
StatoilHydro has been granted consent to use the mobile facility Deepsea Bergen for production drilling on the Heidrun, Norne and Åsgard fields. Read more |
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StatoilHydro discovers oil near Njord
Oil has been discovered by StatoilHydro in the Gygrid prospect about 20 kilometres north-east of Njord in the southern part of the Norwegian Sea. Read more |
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Norway rig holdings heat up
Fred. Olsen Energy’s rig-managment business Dolphin AS has signed a letter of intent with German oil company RWE Dea’s Norwegian subsidiary for 160 days of drilling with the semi-sub Bredford Dolphin. Read more |
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Oil industry in fundraising drive
A swell of stock market offerings from oil companies and suppliers reveals an oil industry intent on self-finance, as the stream of lending remains just a trickle. Read more |
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Fantastic opening for Nor-Shipping 2009
Nor-Shipping 2009 opened on June 9th to its greatest first day ever, with 22 per cent more visitors and 26 per cent more exhibitors walking through the gates than the exhibition’s first day in 2007. Read more |
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Optimizing machinery performance pays off
A 4% reduction in fuel consumption and CO2 emissions can be achieved simply by optimizing a vessel’s machinery performance. Read more |
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No IOR Prize for improved oil recovery for 2008
The Norwegian Petroleum Directorate (NPD) did not identify any candidates worthy of receiving the IOR prize for 2008. The IOR prize is awarded to fields, companies or individuals that exhibit the courage, willingness and abilit y to improve oil recovery beyond the statutory expectations. Read more |
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| ICT news: |
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Industry dismisses EU plans for super-fast Internet
New proposals from the European Commission to spur investment in next-generation networks, such as fibre cables, have triggered a wave of criticism from industry. Read more |
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| Fish, food and beverages news: |
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All but three EU countries join free fruit scheme
Millions of schoolchildren in nearly all of the EU's 27 countries will get free fruit and vegetables from the beginning of the next academic year under a scheme to promote healthy eating and tackle child obesity, the bloc's agriculture commissioner said. Read more |
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| Finance, market and government news: |
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Financial services: Commission launches consultation on how to ensure responsible lending and borrowing in the EU
The European Commission has launched a public consultation on "Responsible lending and borrowing in the EU". This initiative should be viewed in the context of the Commission's 4 March 2009 Communication 'Driving European Recovery" where the Commission undertook to come forward with measures at EU level on responsible lending and borrowing. Views from all interested stakeholders are welcome by 31 August 2009. Read more |
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Consumers: Airlines move to clean up ticket selling websites
New EU results show a "step change" in airline ticket selling websites across Europe in terms of compliance with consumer protection rules. The findings feature in a final report on an 18 month EU-wide process to crackdown on misleading advertising and unfair practices. Read more
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Financial services: Commission launches consultation on expert group report on credit histories
The European Commission has published today the report of the expert group on credit histories. The group had been mandated to identify solutions that would improve the access to and the exchange of consumers' credit data within the EU. The report and reactions to it will contribute significantly to the policy debate on responsible lending. Read more |
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Greening air transport: “Clean Sky” Joint Technology Initiative launches a €25 million first call for proposals for research on cleaner air transport
A new generation of greener, quieter and more efficient aircraft moved a step closer, when the Clean Sky initiative launched a call for proposals for aeronautical R&D for a total value of €25 million. Clean Sky is a first-of-its-kind EU wide collaborative private-public partnership, including the participation of SMEs, universities and research centres as well as leading aeronautics manufacturers. Read more |
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Commission launches BUILD UP web portal to help cut energy consumption for buildings
The European Commission launched the BUILD UP web portal on http://www.buildup.eu/ as a tool for sharing information on reducing energy use of buildings. Content will be regularly updated and enhanced by users themselves to cover a wide range of good practice in energy reduction and of information on legislation. Read more |
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Businesses urged to embrace 'green innovation'
European companies risk missing out on 'green growth' by adopting a wait-and-see attitude, EU officials and business leaders have warned. Read more
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EU eases rules of unemployment fund
Economic crisis prompts EU to enable governments to tap adjustment funds for longer period and for smaller companies. Read more |
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Centre-right wins European elections
The European elections, held simultaneously in 27 countries for the first time in history, ended in a clear victory for the centre-right EPP-ED group and a defeat for the Party of European Socialists (PES). Read more here and here |
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EU Roaming Regulation clears final hurdle: Council paves way for cheaper roaming prices as of 1 July
The ministers of the 27 EU Member States formally adopted the new EU roaming rules proposed by the European Commission last September and approved by the European Parliament in April. The new EU roaming rules will lead to further reductions of up to 60% on consumers' roaming bills as of 1 July – just in time for this year's summer holidays. Read more |
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Commission launches consultation on possible end-date for Single Euro Payments Area (SEPA) migration
The European Commission has launched a consultation on whether and how deadlines should be set for the migration of existing payment products – i.e. credit transfers and direct debits – to the new Single Euro Payments Area (SEPA) products. Read more
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Norway to step up fight against tax havens
A government-appointed commission proposes a number of measures to reduce the adverse effects of tax havens, pointing out that illicit financial flows hamper development in poor countries. Read more |
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Norway's key interest rate lowest ever
The Executive Board of Norway's Central Bank (Norges Bank) has decided to reduce the key policy rate by 0.25 percentage point to 1.25 per cent with effect from Thursday 18 June 2009. This is the lowest Key interest rate in Norway ever. Read more |
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| Various Norwegian-British news: |
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Embassy sizes up CO2 footprint
The Norwegian Embassy has had its carbon footprint measured in the first phase of a pilot project aimed at transforming the mission into a sustainable embassy. Read more |
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Free Web-Portal generating lucrative business between UK and Norway.
The Norwegian Collaboration Centre has launched Norway2UK.com, a web-portal that provides British and Norwegian businesses with a perfect opportunity to profile their company in the UK and Norway. Read more |
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Handball: Norway qualified for European Championship
Norway's men are ready for the European Handball Championships 2010 after beating Estonia 31-23 in Wednesday's Euro qualifier in Trondheim. Kenneth Klev scored eight goals for Norway. Read more |
