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  • *Marathon fails to sell smaller UK business. OSLO, June 2- Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans to shed assets in Norway and Britain to free up cash for the U.S. firm's shale activities in the United States.

  • *Greenpeace ship tried to block the drilling site. OSLO, May 31- Norway's Coast Guard on Friday evening towed away a Greenpeace ship that tried to block Statoil's rig from drilling the world's most northerly oil well in the Barents Sea, the environment group said.

  • DIARY - Top Economic Events to June 12 Wednesday, 28 May 2014 | 8:01 PM ET

    MADRID- Bank of Spain Governor Luis Maria Linde to open economist conference in Madrid- 0800 GMT. CLEVELAND, United States- Federal Reserve Bank of Cleveland President Sandra Pianalto speaks before the Inflation, Monetary Policy, and the Public conference hosted by the Federal Reserve Bank of Cleveland- 1230 GMT.

  • OSLO, May 28- Norway plans to cut taxes, build more infrastructure and step up spending on research next year as it prepares to reduce its reliance on oil, Prime Minister Erna Solberg said on Wednesday.

  • *Q1 net operating income $890 mln vs forecast $523 mln. It expects rates for new-generation vessels to fall to $425,000- $475,000 per day, well below their peak around $650,000 per day last year.

  • DIARY - Top economic Events to June 10 Monday, 26 May 2014 | 10:52 AM ET

    Speakers:- Swiss Finance Minister Eveline Widmer-Schlumpf, former Austrian Finance Minister Maria Fekter and IMF's Chief of World Economic Studies Division in Research Department Thomas Helbling. TOKYO- Bank of Japan releases the minutes of its April policy-setting meeting- 2350 GMT.

  • *Manlio Cerroni dominated trash disposal in and around Rome. ROME, May 25- Italian businessman Manlio Cerroni thinks a monument would be a fitting recognition of his services to Rome. Several local politicians from the Lazio region, of which Rome is the capital, are also due to stand trial for collusion.

  • OSLO, May 20- More than a third of South Sudan's population, or 4 million people, will be on the brink of starvation by the end of 2014 as fighting rages in the world's newest country, U.N. officials said on Tuesday. Farmers should be planting their crops right now, " United Nations' aid chief Valerie Amos told a donors' conference in Oslo.

  • BRUSSELS, May 20- EU nations should conduct stress tests before winter to work out how vulnerable they would be in the event the crisis over Ukraine leads to a major disruption of natural gas supplies from Russia, a European Commission draft document seen by Reuters shows.

  • *Coal tops the list for deaths in energy sector. *Coal is also a major polluter. Coal mining is responsible for more fatalities than the production of any other energy source due to poor working conditions in producing countries such as China, Turkey, South Africa, Indonesia and Colombia.

  • Europe grapples with threat of ships sailing blind Tuesday, 13 May 2014 | 10:53 AM ET

    *Norway to close back-up ship transmitter stations. LONDON, May 13- Europe has yet to fully wake up to the danger of maritime disasters caused by signal jamming and blackouts of satellite navigation devices, say the proponents of a back up system on trial in British and Dutch ports.

  • CAIRO/ OSLO, May 12- Egypt has secured a means of importing liquefied natural gas that will help it address an energy crisis, although the LNG import terminal to be provided by a Norwegian firm will not be in place in time to ease painful gas shortages this summer.

  • *Pvt equity has pumped $32 bln into shipping in past 2 yrs-fund mgr. SINGAPORE, May 9- The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.

  • OSLO, May 8- Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.

  • Why the Norwegian army is using Oculus Rift Wednesday, 7 May 2014 | 3:22 PM ET
    Oculus Rift VR headset

    Fresh off of being bought by Facebook for $2 billion, virtual reality headset maker Oculus Rift is being put to some real-world use.

  • MOSCOW, May 7- Western investors from a bank to a brewer reported trouble in their Russian operations on Wednesday due to the Ukraine crisis, while the Kremlin suggested Washington was trying to sabotage President Vladimir Putin's flagship economic forum.

  • After crash diet, oil majors may need new growth Wednesday, 7 May 2014 | 11:21 AM ET

    *Majors need project pipeline beyond 2020. *BP early mover in seeking, then retreating, from scale. LONDON, May 7- The global oil majors' crash diets may be going too far.

  • *Events in Ukraine, Iran watched. LONDON April 30- Oil fell towards $108 per barrel on Wednesday pressured by an improving supply outlook with stocks in the United States expected to be at a record high and optimism about higher exports from Libya.

  • OSLO, April 29- Norway's Statoil defied gloom in the oil sector by reporting first-quarter earnings above expectations on Tuesday due to higher prices and good results from shale gas activities in the United States, lifting its shares.

  • DIARY - Top economic Events to May 12 Monday, 28 Apr 2014 | 8:01 PM ET

    WASHINGTON- Independent Community Bankers of America Annual 2014 Washington Policy Summit. Federal Reserve Chair Janet Yellen speaks on the third day of the conference- 1230 GMT.