Norway oil companies fears of a less profitable oil industry

The Norwegian Petroleum Directorate (NPD) is concerned that higher costs and a shortage of drilling platforms will delay development and exploration of new resources on the Norwegian Shelf. Oil companies are expected to present between 15 and 20 plans for development of oil and gas finds over the next two years. The growth in investments is expected to be 40 percent higher in 2012 than in 2010. Up until now, Bente Nyland, Oil Director,... [more]

Norwegian mother and child found dead in Sweden

Swedish police have launched a murder investigation after a 38-year-old Norwegian woman and her baby daughter were found dead on Monday in an apartment in Arboga in central Sweden. Swedish police could not confirm the cause of the deaths but have classified the case as a suspected double murder. An emergency call was placed at 11am on Monday morning to say that two people had been found dead. Police would not say who made the call. An ambulance... [more]

Norway court orders new psychiatric test of gunman

An Oslo court on Friday ordered a new psychiatric evaluation of Anders Behring Breivik, who killed 77 people in twin attacks in July, after an earlier and widely contested test found him criminally insane. “Due to the gravity of this case, the criminal responsibility (of Behring Breivik) must be examined again,” Oslo District Court judge Wenche Elizabeth Arntzen told a news conference. Two new experts, Agnar Aspaas and Terje... [more]

Experts monitoring jailed Norway killer Breivik deny his insanity

An expert team monitoring the Norwegian killer, Anders Behring Breivik, in prison said they believed he was not insane, disagreeing with the original conclusion by court-appointed psychiatrists, the BBC has said. Breivik, who has been jailed after admitting to killing 77 people in Norway last summer, has faced indefinite detention in a psychiatric hospital as a mental evaluation in November last year declared him legally insane. In their... [more]

Norway Prime Minister’s New Year speech to the nation

Terrorism, global health, the environment, the financial crisis and peace keeping efforts were main themes in Prime Minister Jens Stolteberg’s address to the Nation on New Year’s Day. Many people were deeply affected by the events of 22 July last year, Stoltenberg said. Fathers, mothers, siblings and grandparents had to follow their loved ones to their graves. - It was heartbreaking. I have thought of the survivors and the... [more]

Eurozone crises concerns all

THE Australian dollar fell almost one US cent on growing concerns around the eurozone. At 12pm AEDT today, the local currency was at 100.55 US cents, down from 101.50 yesterday afternoon. IG Markets institutional trader Chris Weston said the Australian dollar was shaped by a drop in other currencies due to growing eurozone uncertainty. “Price action on the Aussie dollar is just mirroring what we’re seeing with the euro, which... [more]

Prime Minister Stoltenberg Popular in Norway

Majority of Norwegians are still satisfied with the performance of Prime Minister Jens Stoltenberg. 57 per cent say he is doing a good job, according to a survey made by Synovate for Dagbladet. 33 per cent say he is doing an average job, while only eight per cent say he is doing a poor job as prime minster. In June, only 35 per cent said Stoltenberg was doing a good job as prime minister. Right after the terrorist massacre at youth camp... [more]

Volcano ash will cancel up to 500 flights

The spread of dense ash from the erupting Iceland volcano could force the cancellation of up to 500 commercial flights in Northern Ireland, Scotland and parts of Scandinavia, the European air traffic agency said Tuesday. Between 200 and 250 flights had already been canceled, said Brian Flynn, head of network operations at Eurocontrol. There are just over 30,000 flights within Europe on average every day at this time of the year. Ash from... [more]

EU ministers wrangle over Greek debt

European governments wrangled over how best to keep Greece from defaulting on its mountain of debt, with one of them acknowledging for the first time that they had discussed a restructuring — a risky move to delay or cut debt repayments. Monday’s meeting was meant to focus on getting final approval for a euro78 billion ($110 billion) bailout for Portugal, but growing concern over Greece — and the arrest of Dominique Strauss-Kahn,... [more]

Norway and Spain elected to UN Commission

Norway has together with Spain been elected to the UN Commission on Population and Development. Three countries – Norway, Spain and Malta – were competing for two places.(Photo: Foreign Minister Jonas Gahr Støre) The voting took place in the United Nations Economic and Social Council, and following a secret ballot, Spain and Norway both won seats on the Commission. Norwegian Minister of Foreign Affairs Jonas Gahr Støre commented,... [more]

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