Norway

ConocoPhillips announced significant gas discovery offshore Norway

November 13, 2020

Business

The FINANCIAL — ConocoPhillips (NYSE: COP) announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest. The discovery

NIB finances Western Corridor project in Norway

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed

by The FINANCIAL

November 12, 2020

1 min read

NIB finances electrified rail transport in Denmark

The FINANCIAL — NIB and the Danish state railway company DSB have signed

by The FINANCIAL

November 11, 2020

1 min read

Telia first to launch 5G FWA in Norway

The FINANCIAL — Telia Norway is challenging the Norwegian broadband market again

by The FINANCIAL

November 10, 2020

1 min read

Business

Equinor says Hammerfest LNG plant will be shut for up to 12 months

The FINANCIAL — Surveys of the damage after the fire at Hammerfest LNG on 28 September indicates that the LNG plant will be closed for up to 12 months for repairs. In addition to damage caused by the fire on the air

by The FINANCIAL

October 26, 2020

1 min read

Tech

Nokia selected by Telia Company to implement 5G standalone core in 6 European markets

The FINANCIAL — Nokia today announced it has been selected by Telia Company as the exclusive provider of 5G RAN in Finland in a five-year deal that includes the modernization of legacy networks and will cover 7,500 sites. Nokia is a long-standing

by The FINANCIAL

October 21, 2020

1 min read

Energy

Equinor announced partnership with Microsoft

The FINANCIAL — Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and

by The FINANCIAL

October 16, 2020

2 mins read

WORLD

World Bank Issues Sustainable Development Bonds in Scandinavian Currencies

The FINANCIAL — The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced new Norwegian krone- and Swedish krona-denominated Sustainable Development Bonds raising approximately US$ equivalent 550 million while engaging with Scandinavian investors to raise awareness for the importance of

by The FINANCIAL

October 16, 2020

3 mins read

Markets

The tech company Play Magnus today been admitted trading

The FINANCIAL — Play Magnus recently raised NOK 452 million through a private placement, consisting of NOK 300 million in new shares and approximately NOK 152 million to existing shareholders. The issue was significantly oversubscribed. “The shareholders have provided the company with NOK 300 million in fresh equity, which will

by The FINANCIAL

October 8, 2020

1 min read

Georgia

UNSC Members support sovereignty and territorial integrity of Georgia

The FINANCIAL — On 5 August 2020, the UN Security Council discussed the situation in Georgia’s occupied territories and the Russia-Georgia conflict at its closed session dedicated to the 12th anniversary of Russia’s military aggression against Georgia. The parties expressed their extreme concern about

by The FINANCIAL

August 6, 2020

2 mins read

Business

How is Norway’s entertainment scene holding up amidst the Pandemic?

The Scandinavian countries have been known to approach most global cases a little differently, and while in most scenarios this would not be something for others to worry about, as the Pandemic is taking over the world, more countries are paying attention

by Natalia Revishvili

April 8, 2020

2 mins read