Posts Tagged ‘norway’
The Norwegian Krone continues to rapidly strengthen, particularly against the greenback, as the economy shows signs of slowing. Prime Minister Erna Solberg aims to implement policies to prevent further strengthening and keep the economy, highly dependent on oil, gas and shipping, competitive. There are no plans to seek foreign-exchange intervention to weaken the krone, […]
Nordic countries were a prime area of investment during the debt crisis in Europe first began, but many Scandinavian countries are seeing what could become their own debt crisis. Denmark and Sweden are seeing household debt hit record highs, and economist Paul Krugman said on the issue, “you wonder if that’s a crisis waiting to […]
The company mobilised emergency response personnel at the Norway site, and workers were evacuated from the plant's inner area with no injuries reported, Statoil said.The power outage totalled about 20 minutes, and work is now under way to get operations back to normal, the Norwegian firm said in a statement.
The operator has now decided to reinject produced gas into the reservoir of the field off Norway whille repairs are carried out to the corroded tanks in the auxiliary system for gas treatment, it said in a statement.This would enable the platform, which had been shut-in since the