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Statoil Says Higher Petroleum Tax Risks Harming Investments

Business

Category: Tax

Statoil ASA (STL) said the government’s unexpected move to raise taxes on oil companies risks harming investments and casts doubt over the long-term predictability of the framework for offshore production.

Source: Bloomberg


Published: 06.05.2013


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Norwegian Retail Sales Growth Stalls as Economic Expansion Slows

Business

Category: Statistics

Norwegian retail sales stalled in March as a rally in the krone and a recession in Europe weighed on the labor market.

Source: Bloomberg


Published: 30.04.2013


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US Navy Orders Marinized Version of Kongsberg's CROWS

Business

Category: Defence / Security

The US Navy has announced it is ordering marinized version of the M153 Common Remotely Operated Weapon Station (CROWS) from Kongsberg Protech Systems to fulfill requirements for its remotely operated Stabilized Small Arm Mount (SSAM) weapon systems program.

Source: Kongsberg Protech Systems


Published: 29.04.2013


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Norwegian Oil Fund Gains $37 Billion as Stock Markets Rally

Business

Category: Financial / Investment

Norway's sovereign wealth fund, the world’s largest, gained 219 billion kroner ($37 billion) in the first quarter as stocks surged amid unprecedented stimulus from central banks to boost economic growth.

Source: Bloomberg


Published: 26.04.2013


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