Norway | Egypt Oil & Gas - Part 10
Norway to Help Kenya Develop its Oil Sector
Kenya has entered into a long-term ‘Oil for Development’ program agreement with Norway to develop its local oil sector by providing support in the management of Kenya’s natural resources and protecti...
Norway’s Krone Dropped over Oil, Industrial Production Slump
Norway’s currency, krone has dropped by 1.2 % against the Euro over industrial production slump, and a drop in the Brent crude price, according to Bloomberg. This marks the krone’s decline to 6 % over the past 12 mont...
Norway Gas Pipeline Court Ruling Being Contested
A group of international investors will appeal against a ruling by an Oslo court regarding Norway’s decision to cut natural gas pipeline tariffs for the 8,000-km (5,000-mile) Gassled gas pipeline network, report... Norway Mulls Withdrawals from Oil Fund
As its currency slumps, Norway is considering withdrawing from its massive sovereign wealth fund, reported Bloomberg. Long reliant on high energy prices, the Scandinavian country has seen government tax revenues from ...
Norwegian Firm Eager to Boost Iranian Recovery Rates
“Iran offers interesting opportunities at such time as international sanctions are removed,” announced Norwegian oil firm DNO, adding that it was ” uniquely well placed as it operates oil and gas pro...
Norway’s Economy Follows Oil Price
The economy of Norway is a “train wreck in slow motion,” according to Svenska Handelsbanken AB, reported Bloomberg. Norway is western Europe’s largest oil producer, with hundreds of offshore platforms and fields in th...
Norway Overtakes Russia as Western Europe’s Top Gas Supplier
Norway has overtaken Russia as western Europe’s top gas supplier, data from state firms shows, indicating the European Union’s drive to reduce its dependence on Russian energy is bearing fruit. The sharp drop in oil p...
Norway’s Scatec Invests $300 million in Egypt Solar Power
Scatec Solar, a leading solar energy provider, has signed a deal to invest $300 million in Egypt to develop 150 to 200 MW of new solar photovoltaic (PV) projects in the country in the next two to three years, accordin...
