BusinessBusiness - Oil & Gas/Shipping
Tuesday, 28 May 2013 18:37
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Final investments in oil and gas activity in 2012 - including pipeline transportation - were NOK 172.5 billion; 18 per cent higher than in 2011. The forecast for 2013 has been adjusted downwards to NOK 198.7 billion, according to Statistics Norway.
This week, Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 so-called fast-track projects.
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.
Statoil and its partners Total and Det norske have awarded Daewo Shipbuilding (DSME) a contract to build the topsides for the Dagny platform in the North Sea, with Aker Solutions as a major sub-contractor.
Norway's Telenor Group reported revenues of NOK 26.0 billion, in the fourth quarter of 2012, representing an organic revenue growth of 5%. For the full year of 2012, Telenor’s revenues were NOK 101.7 billion,
The Government has released a white paper discussing challenges and policy options facing the Norwegian economy towards 2060, stating it is likely to be faced with difficult choices in the decades to come.
Many analysts feared that the global financial crisis and unemployment would also reach Norway this year. Instead, new prognoses show that this will not happen.
