Latest news
National Grid grants contracts for Britain-Norway electricity connection
Britain's National Grid has granted contracts totalling 1.5 billion euros ($1.7 billion) to firms implicated in building the first power link between Britain and Norway, as it stated on Tuesday.
read more... 15/07/2015
Daily: British prompt gas prices edge up on weaker supply from Norway, cooler weather
WTI crude oil futures declined over 1 percent on Wednesday after an unexpected increase in inventories, while gasoline jumped on bets for strong fuel demand during the peak summer driving season. Brent rose 20 cents, or 0.4 percent, to settle at $57.05. U.S. crude's front-month contract fell 68 cents, or 1.3 percent, to close at $51.65 a barrel. It had slipped on Tuesday to touch $50.58, its weakest level since April 8.
read more... 09/07/2015
Statoil to lay off up to 1,500 permanent employees amid crude oil price collapse
Norway’s state-controlled Statoil envisages cutting its workforce between 1,100 and 1,500 by end of 2016 as an effort to standardise, simplify and increase efficiency across the company.
read more... 17/06/2015
Norway parliament votes to reduce coal investments
Norway's parliament voted on Friday to cut coal investments by its $880 billion sovereign wealth fund, the world’s largest, in a decision greeted by ecologists as a model to support slow climate change.
read more... 08/06/2015
Statoil stretched gas supply agreement with Britain's SSE
Norway's Statoil declared on Monday it had extended five-fold a long-term gas sale deal with Britain's second-largest utility SSE.
read more... 02/06/2015