Hydro threatening to flag out
Brandtzæg says to the newspaper Klassekampen that unless the framework conditions in Norway are changed, Hydro will move production overseas. Among other things, Hydro demands CO2 compensation, something the EU has already introduced. It is in particular the production at Sør-Norge Aluminium in Hardangerfjord, on the west coast of Norway which may be closed down. (NRK)
Thursday, 07 June 2012 07:02
Posted in Section:
Business -
Category:
General Business
Written by Rolleiv Solholm
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The Mongstad oil refinery in Western Norway was evacuated Tuesday, following a gas leak, VG reports.
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Prime Minister Jens Stoltenberg has announced that the Norwegian Government proposes tax changes from 2014 to strengthen competitiveness and profitability, and stimulate investments in the mainland economy...
Norwegian energy provider Statoil and partner Petoro have proven considerable additional resources in the Shetland Group/Lista Formation in the Gullfaks licence.
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The unemployment rate in Norway in January was 3.6 per cent of the total labour force, according to Statistics Norway, an increase by 0.3 points from the previous survey.
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Statoil has announced that it has farmed down a 25 % working interest in its operated exploration licence offshore Mozambique to Japanese based INPEX Mozambique, Ltd., a wholly owned subsidiary of INPEX CORPORATION.
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The In Aménas gas facilities in Algeria, operated by the Joint Venture partners Sonatrach, BP and Norway's Statoil, begun a limited production start-up this weekend.
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The Norwegian Sea may be able to store 5.5 gigatonnes of carbon dioxide, according to the Norwegian Petroleum Directorate (NPD)’s new storage atlas. This is more than 100 times Norway’s total CO2 discharge last year.
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The Norwegian state oil company Petoro through its subsidiary Petoro Iceland, has signed an agreement to participate as a partner in the first two licences awarded on the Icelandic continental shelf (ICS).(Photo: Jan Mayen)
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Figures for October 2012 indicate an average daily production on the Norwegian Shelf of about 1 805 000 barrels of oil, NGL and condensate. This is 287 000 barrels per day more than in September.
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Norwegian energy provider Statoil has been awarded shares in seven exploration licences on the United Kingdom continental shelf (UKCS).
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Norway is to help Bhutan achieve its target of providing access to electricity for the entire population, by granting NOK 100 million in funding over a five-year period.
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