Business

Oil&Gas: Statoil sells off NCS assets

Thursday, 17 May 2012 00:48

In connection with Statoil's signing of a major gas deal with the UK this week, the Norwegian energy producer also announced that it had decided to farm down three and exit five assets on the Norwegian Continental Shelf (NCS) for the consideration of USD 1.625.

Aker Solutions wins another subsea contract

Thursday, 17 May 2012 00:48

Norwegian engineering company Aker Solutions in Aberdeen is to manufacture and deliver a number of subsea control modules and topside power units as part of an £8 million contract with Dana Petroleum plc.

Statoil awarded operatorship in Indonesia

Thursday, 17 May 2012 00:48

Statoil has been awarded the operatorship and a substantial working interest in a large offshore exploration licence on the Halmahera II block in eastern Indonesia.

Statoil acquires Suriname interests

Thursday, 17 May 2012 00:48

Norway's energy producer Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil.

Statnett signs European agreement on grid development

Thursday, 17 May 2012 00:48

Norway's energy distributor Statnett has signed a joint declaration with key environmental groups on a European agreement on environmentally-friendly grid development.

Successful Statoil bid offshore Canada

Thursday, 17 May 2012 00:48

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada.

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New lease on life for the fur industry?

Thursday, 17 May 2012 00:48

Despite a long lasting controversy, it now looks as if Parliament (Storting) will not suggest shutting down the fur industry in Norway, the newspaper Nationen reports.According to the newspaper, there is no mention of a shut-down in the coalition government's upcoming white paper on agriculture, in spite of both the Socialist Left Party (SV) and the Labor Party (AP) voting for closure. It therefore looks like the third coalition party, the Centre Party (SP) will have their way in the question about whether or not the fur industry in Norway should continue to operate, despite animal activists and protesters having unveiled both illegal and shocking conditions at fur farms across the country.

Spending more for Christmas

Thursday, 17 May 2012 00:48

The Virke federation of enterprises in Norway predicts that Norwegians will spend NOK 48.8 billion on Christmas shopping in December this year, a 3 per cent increase over December last year.

Aker Solutions wins new subsea contract

Thursday, 17 May 2012 00:48

Aker Solutions has signed a contract with Lundin for the engineering, procurement and construction of a subsea production system for the Brynhild project on the Norwegian Continental Shelf.

Statoil: Suppliers of CO2 capture technology chosen

Thursday, 17 May 2012 00:48

Gassnova and Statoil have chosen suppliers of CO2 capture technology to participate in a technology qualification program for full-scale CO2 capture (CCM) at Mongstad north of Bergen.