Baltic Pipe Project: The prospect of Poland freeing itself from its dependence on Russia for its…
Norway
Business news and investment opportunities in Norway
STATS
Source: World Bank
Currency: Norwegian kroneGDP: 434.2 billion USD (2018)
GDP per capita: 81,697.25 USD (2018)
GDP growth rate: 1.3% annual change (2018)
GDP growth rate: 1.3% annual change (2018)
GNI per capita: 68,310 PPP dollars (2018)
Gross national income: 363 billion PPP dollars (2018)
Internet users: 96.51% of the population (2017)
Internet users: 96.51% of the population (2017)
Lithuania looks to guarantee energy security with acquisition of Hoeg LNG terminal
In a determined attempt to lessen its country’s reliance on Russian gas imports, the Lithuanian parliament…
Norwegian firm close to JV in Iranian petrochemicals sector
Iranian petrochemicals: In what would be one of the first major gas deals to be signed…
Minister hails ‘new chapter’ as Lukoil buys stake in Norwegian oil licence
Lukoil subsidiary Lukoil Overseas North Shelf , has acquired a 20% stake in the first Norwegian oil…
Chinese consortium eyes up Norway’s Opera Software in $1.2bn deal
Shares in Opera Software rose 5.4% last Friday amid rumours that a group of Chinese companies had…
Telenor to sell $2.4bn stake in VimpelCom
Norway’s telecoms operator Telenor has decided to offload its 33% stake in Vimpelcom, the Netherlands-based owners of the…
Petronas to buy Statoil’s stake in TAP?
The Malaysian oil and gas company Petronas is rumoured to be considering buying Statoil’s 20% stake in…
Russia and US agree to Arctic fishing ban
Arctic fishing ban: The US, Russia, Canada, Norway and Denmark yesterday signed an agreement in Oslo barring their fishing fleets…
Russia set to dominate Arctic drilling by 2030
Arctic drilling: By 2030, Russia will be extracting 55% all hydrocarbons being drilled from the Arctic, according to…
Norwegian gas supplies overtakes Russia in Western Europe
Norwegian gas: Norway overtook Russia as Western Europe’s largest natural gas between October 2014 and March 2015,…
Norway offers to increase EU gas supplies to reduce dependence on Russia
Norway offers to increase EU gas supplies: Norway’s Foreign Minister Børge Brende has suggested that his country could…
Statoil sells Shah Deniz stake to Malaysia’s Petronas
Statoil sells Shah Deniz stake: Norway’s Statoil has sold its 15.5% stake in the Azeri Shah Deniz…
Rosneft and Statoil begin Barents Sea exploration
Barents Sea exploration: Norway’s Statoil and Rosneft have begun exploratory drilling operations in the Norwegian sector of the…
Sea Drill and Rosneft sign 8-year deal
Norway’s Sea Drill and Rosneft have signed an 8-year investment and partnership agreement. Under the terms of the agreement, Rosneft will acquire…
RUB3.9bn support for cultural tourism
The Russian government has announced that it is to allocate RUB 1.6bn for the development of…
Shishkhanov buys Murmansk DND off Norwegians
Shishkhanov buys Murmansk DND: B&N Bank’s chairman Mikail Shishkhanov has secured a foothold in the Murmansk region by acquiring…