Norway News

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Norway OSEAX - Is The Growth Sustainable?

Norway's OSEAX index has seen significant growth in price terms.However, this has not been accompanied by GDP growth and appears to be due to rising oil prices.However, oil prices themselves have risen by a larger margin than the OSEAX.In my view, the growth we are seeing in the OSEAX index is unsus

SEEKINGALPHA.COM - 2018-06-23 05:51:23

How Norway’s Prisons Are Changing What it Means to Do Time

Prisons in Norway look very different than prisons in the rest of the world. In Norway the incarcerated have access to the outdoors and they can garden, learn to cook and take vocational classes. Pretty much the only thing they can’t do is leave. With one of the lowest recidivism rates in the world,

BLOOMBERG - 2018-06-22 14:34:50

Seacrest Capital seeks more Norway, UK oil deals

OSLO, June 22 (Reuters) - Oil and gas-focused private equity firm Seacrest Capital is planning more offshore deals in Norway after buying stakes in two fields from Royal Dutch Shell this week, and is also seeking deals in Britain, a partner at the company said on Friday.

REUTERS - 2018-06-22 14:12:36

Brexit poses risk to international power cables - Norway's grid

OSLO, June 22 (Reuters) - Britain’s exit from the European Union could leave companies planning to build more power interconnections at the mercy of possible new trading arrangements and potential tariffs, Norway’s state-owned grid operator Statnett said.

REUTERS - 2018-06-22 13:34:38

Norway debt registry to protect people from

OSLO, June 22 (Reuters) - Two firms have won permission to collect information on the credit card debt and other unsecured loans held by each of Norway’s citizens in order to prevent excessive borrowing, the government said on Friday.Norsk Gjeldsinformasjon AS and Gjeldsregisteret AS will each be al

REUTERS - 2018-06-22 11:36:06

Huawei and Norway's Broadnet Sign SD-WAN Commercial Deployment Framework Contract | Markets Insider

HANNOVER, Germany,June 22, 2018/PRNewswire/ -- At CEBIT 2018, Huawei andNorway'sBroadnet signed an SD-WAN commercial deployment framework contract and officially launched SD-WAN services. With Huawei's innovative SD-WAN solution, Broadnet can provide private line offerings with higher quality and be

BUSINESS INSIDER - 2018-06-22 07:38:00

Norway home building permits down 3.5 pct in May -Statistics Norway

OSLO, June 22 (Reuters) - Norway’s home building permits fell by 3.5 percent seasonally adjusted in May from April, Statistics Norway said on Friday.

REUTERS - 2018-06-22 06:03:34

Norway stocks higher at close of trade; Oslo OBX up 1.23%

Investing.com – Norway stocks were higher after the close on Friday, as gains in theEnergy,Diversified FinancialsandSoftware & Computer Servicessectors led shares higher.

INVESTING.COM - 2018-06-22 00:00:00

Oil Explorers Have 1 Billion Barrels in Sight for 2018 in Norway

The results are a welcome boost to Norway, which depends on exploration success to replenish a dwindling project pipeline and limit a drop in production from the middle of the next decade. The nation is emerging from a bruising three-year slump that saw oil companies cut budgets to the bone, strangl

BLOOMBERG - 2018-06-21 14:00:00

Norway oil drilling workers threaten to strike

OSLO, June 21 (Reuters) - Some 2,250 workers on Norwegian offshore oil drilling rigs and in drilling and catering services on oil producing platforms could go on strike this summer after rejecting a proposed wage deal, the Safe labour union said on Thursday.

REUTERS - 2018-06-21 12:03:01

Oil firms to drill more exploration wells off Norway in 2018: NPD

The Norwegian continental shelf still held an estimated 4 billion cubic metres (25.2 billion barrels) of oil equivalents in undiscovered petroleum resources, with two-thirds located in the Arctic Barents Sea, it added.


Norway keeps countercyclical capital buffer for banks unchanged

OSLO, June 21 (Reuters) - Norway will maintain its countercyclical capital buffer requirement for banks at the current level, the finance ministry said in a statement on Thursday.


Norway central bank keeps rates on hold, maintains plan to hike in...

OSLO, June 21 (Reuters) - Norway’s central bank kept its key policy interest rate unchanged at a record low 0.50 percent on Thursday, as expected, and reiterated plans for a hike later this year.


Norway's Telenor fined $96 million by competition watchdog

FILE PHOTO: Telenor's logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo


Norway's Central Bank Holds Key Rate | Markets Insider

Norway's central bank decided to keep its key rate unchanged, on Thursday, and hinted a rate hike in September.


Norway fines its main telecoms firm for blocking competition

The watchdog's director general, Lars Soergard, says Telenor made "a serious infringement of competition law" when creating "barriers for the development of a third mobile network in Norway."


Time for Norway Rate Hike `Is Coming Closer,' Olsen Says

Jun.21 -- Norges Bank Governor Oystein Olsen discusses Norway's interest-rate path, the krone, inflation and the economy. He speaks with Bloomberg's Sveinung Sleire in Oslo.


Apple Expands Apple Pay Service to Norway, Poland & Ukraine

AppleAAPL recently expanded Apple Pay to Norway. The service now covers more or less 22 countries, including recent launches in Poland and Ukraine.Per Bloomberg, the mobile payment service currently serves Nordea Bank AB and Santander Bank’s customers in Norway. Moreover, according to Visa, the serv


Boreal Commences Exploration Programs at Modum Cobalt Project in Norway | Markets Insider

VANCOUVER,June 20, 2018/CNW/ - Boreal Metals Corp. ("Boreal" or the "Company") (TSXV:BMX) is pleased to announce the commencement of field work and exploration programs at its Modum cobalt project inNorway("Modum" or the "Project"). The Project surrounds southernNorway'shistoric Skuterud Mine whic


Banks DNB, Sparebank 1 to create Norway's third largest insurer

OSLO, June 20 (Reuters) - Norwegian banks DNB and Sparebank 1 are merging their insurance operations to form the Nordic country’s third largest insurance firm, they said on Wednesday.