Sturla Henriksen, director general of the Norwegian Shipowners' Association, discusses how the melting of the polar ice caps has created opportunities for the shipping industry.» Read More
A consortium including Exxon Mobil, Royal Dutch Shell, Total and ENI once promised to transform the prospects of the entire country of Kazakhstan and earn massive profits for their own shareholders.
ABERDEEN, Scotland, Sept 11- Thousands of metres beneath the waves and the sea floor, new technology pioneered by small firms is helping to make oil production sustainable at extreme temperature and pressure.
*China demand for iron ore pushing up the rates. *Bunker fuel costs rising on Middle East tensions. LONDON/ SINGAPORE, Sept 10- While a glut of vessels is keeping shipping rates well below their pre-crisis peaks, the cost of shipping industrial commodities hit near two-year highs in recent days, helped by Chinese demand for iron ore and growing political risks.
OSLO, Sept 10- An anti-immigrant populist party laid claim to a major role in oil-rich Norway's government for the first time on Tuesday after a centre-right alliance won a landslide general election victory to oust a Labour administration.
OSLO, Sept 10- Norway's opposition Conservatives, promising tax cuts and better healthcare, won elections in a landslide on Monday but faced tough coalition talks with a populist party that wants to spend more of the accumulated oil riches and curb immigration.
*Erna Solberg's Conservatives make big gains in election. OSLO, Sept 10- Erna Solberg, set to become Norway's next prime minister, has transformed herself from a tough-minded "Iron Erna" into a softer Conservative more caring about voters' jobs, health and schools.
OSLO, Sept 9- Norway's centre-right opposition, promising tax cuts and smaller government, was set to win Monday's election, but faced tough talks on forming a coalition with a populist party that wants to spend more of the nation's vast oil wealth.
OSLO, Sept 9- Norwegian Air Shuttle said it grounded a second Boeing Dreamliner within a week for a technical problem and will seek compensation for its troubles with the high-tech aircraft. We will talk to Boeing now and expect that Boeing will take their share of responsibility, "said airline spokesman Lasse Sandaker-Nielsen."
PARIS, Sept 9- European shares dipped on Monday, led down by oil stocks which tracked crude prices lower as expectations receded of an imminent U.S.-led strike against Syria. Royal Dutch Shell, Total and Repsol were down by between 0.7 and 1.3 percent, while Brent crude fell 1.3 percent to $114.58 a barrel after U.S.
DHAKA, Sept 9- Bangladesh's 160 million people will leap into the Internet era in October when high-speed mobile phone services are launched in the nation's two biggest cities. Grameenphone, which is majority owned by Norway's Telenor, won 10 megahertz of 3 G spectrum at a much-awaited auction on Sunday, paying $210 million.
*BG cuts production estimates on Egypt, Norway delays. LONDON, Sept 9- European shares fell on Monday as disruptions to business in the Middle East hurt oil firm BG Group and the threat of a spike in crude prices fuelled profit taking on construction firm Bouygues.
*FTSEurofirst 300, FTSE 100 both down 0.1 pct. LONDON, Sept 9- European shares edged lower on Monday, snapping a three-day rise as heavyweight BG Group led a selloff in the energy sector after warning about production.
LONDON, Sept 6- Some investors trying to protect themselves from any market gyrations provoked by a deepening Syrian crisis are looking to oil as an alternative to top-rated government bonds, a traditional but currently unappealing haven in uncertain times.
*Oil investment growth slows sharply. OSLO, Sept 5- Oil and gas firms are cutting back on investments to try and improve profits and save cash for dividends, perhaps signalling an end to a decade-long boom in capital spending. New ultradeep markets, such as Brazil, West Africa and Mexico, will still flourish, however, as they offer the rare opportunities for big finds.
OSLO, Sept 5- The world is set to use far more treated wastewater to help irrigate crops and feed a rising population as fresh water supplies dry up, a team of U.N.-backed experts said on Thursday. A study led by Japan's Tottori University and U.N.
*Saudi boosting output, but no collective OPEC action. LONDON, Sept 3- The virtual shutdown of Libya's oil industry has squeezed supply as tightly as when the International Energy Agency ordered a rare release of strategic oil reserves during the civil war in 2011..
OSLO, Sept 3- Conservative Erna Solberg seems likely to emerge as prime minister from Monday's Norwegian elections on promises to cut taxes, improve health care and sell off some oil assets, but may be forced into a tricky alliance with a populist anti-immigration party.
Brent crude was up 79 cents at $115.12 a barrel at 1053 GMT. U.S. oil fell 42 cents to $107.23 from Friday's settlement, as due to the Labor Day holiday there was no Monday settlement for the U.S. benchmark.
Brent crude was up 17 cents at $114.50 a barrel at 0835 GMT. U.S. oil rose 20 cents to $107.00 from Friday's settlement, as due to the Labor Day holiday there was no Monday settlement for the U.S. benchmark. This followed strong manufacturing data from China and Europe the previous day.
*Booms in Australia, Norway show signs of ending. Voters in Australia and Norway are almost certain to boot out their governments within a couple of days of each other, fed up with blunders and scandals, and worried that wealth created by high minerals and oil prices has not been spent wisely.