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Europe Top News and Analysis Norway

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate and maintenance curbs on North Sea output continue.

  • *North Sea output to fall by 1 percent in November. BP purchased its fourth cargo this week on Thursday and rival traders expect the oil to be loaded onto a Very Large Crude Carrier bound for South Korea, removing a chunk of supply from northwest Europe.

  • *BC Partners, EQT, Providence, Discovery showed interest* Price tag seen at up to 1.4 bln euros* Final bids due later this months By Sven Nordenstam and Arno Schuetze STOCKHOLM/ FRANKFURT, Oct 10- ProSiebenSat1.

  • OSLO, Oct 10- Output from Royal Dutch Shell's. Nyhamna gas processing plant in Norway will be reduced by 57 million cubic metres per day on Wednesday, gas system operator Gassco said on Wednesday. The plant, which processes gas from the giant offshore Ormen Lange gas field before it is shipped to Britain, will also see its output reduced by 27 mcm per day on Thursday.

  • *BC Partners, EQT, Providence, Discovery showed interest. STOCKHOLM/ FRANKFURT, Oct 10- ProSiebenSat1. Private equity firms BC Partners, EQT, Providence Equity Partners and network Discovery Communications have shown interest for the assets, according to two people, who declined to be identified as they are not authorised to speak to media.

  • OSLO, Oct 10- Norway's energy-adjusted consumer prices rose 0.9 percent year-on-year in September, at the same pace as in August, the central bank said on Wednesday. The August figure was unrevised. Norges Bank publishes energy-adjusted CPI on the same day as Statistics Norway issues other inflation data.

  • OSLO, Oct 10- Nordic spot power prices were expected to rise to above 40 euros per megawatt-hour on lower wind output and higher consumption, analysts at Point Carbon said on Wednesday.

  • Credit Suisse recommends investing in global small and mid capitalisation European companies, saying that cheap valuations support a bullish outlook despite the headwind of regional outlook concerns. "European small caps have not performed as strongly as expected in 2012," Credit Suisse analysts say in a note.

  • OSLO, Oct 10- Norway's $650 billion sovereign wealth fund and joint venture partner AXA France Insurance Companies have agreed to buy two properties in Germany for 784 million euros from the Royal Bank of Scotland, Norway's central bank said on Wednesday. The properties are located in Berlin and Frankfurt and are used mainly for office and retail purposes.

  • LONDON, Oct 10- British prompt gas prices rose on Wednesday as higher demand and shortages caused by lower Norwegian exports left the market short by 23.6 million cubic metres, National Grid data showed. Flows through the Langeled pipeline that connects Norway with Britain dropped to around 13 mcm this morning, National Grid data showed.

  • OSLO, Oct 10- Norway's core inflation slowed in September but came a touch above expectations while headline inflation was in line with forecasts, data showed on Wednesday. "It is still below Norges Bank's projection, but the gap has narrowed compared to the August number where Norges Bank's estimate was a sure miss on the upside.

  • OSLO, Oct 10- Norway's core inflation rose faster than expected in September but remained below the central bank's projection, indicating the bank may delay a planned interest rate hike. Norges Bank has left rates unchanged at 1.5 percent since March and holds its next rate meeting on Oct. 31, where markets widely expect it to stay on hold.

  • OSLO, Oct 10- Norway's core inflation slowed in September but came a touch above expectations while headline inflation was in line with forecasts, data showed on Wednesday. ERIK BRUCE, CHIEF ANALYST, NORDEA MARKETS. "Now the inflation is two tenths below Norges Bank's expectations.

  • OSLO, Oct 10- Norway's core inflation slowed in September but came a touch above expectations while headline inflation was in line with forecasts, data showed on Wednesday. IDA WOLDEN BACHE, MACRO ECONOMIST AT HANDELSBANKEN.

  • OSLO, Oct 10- Statistics Norway issued the following economic indicator on Wednesday:. NORWAY CONSUMER PRICES Sept 2012 Aug 2012 Sept 2011 Core CPI year/year 1.1 1.2 1.2 Core CPI month/month 1.1 -0.7 1.2 Headline CPI year/year 0.5 0.5 1.6 Headline CPI month/month 0.9 -0.4 0.9 Index 131.2 130.0 130.6.

  • OSLO, Oct 10- Norwegian gas exports to Europe fell on Wednesday morning as output from the Nyhamna gas plant has been reduced due to technical problems, resulting in a sharp drop in supplies to Britain, data from gas system operator Gassco showed.

  • OSLO, Oct 10- Norwegian insurer Storebrand will book provisions of 190 million crowns in the third quarter to cover costs related to its announced 400 million crown cost savings programme, it said on Wednesday.

  • OSLO, Oct 10- A power consumption ramp up at Royal Dutch Shell's giant Ormen Lange gas field in Norway has been delayed for a day, the Nordic power bourse said in a market message on Wednesday. Consumption at Ormen Lange, which gets all of its power from the national grid, was down to 20 megawatts from the installed effect of 200 MW, the bourse said.

  • For more on the company, click on TELIASONERA. TeliaSonera's chief executive Lars Nyberg may resign before his term ends amid allegations of wrongdoings during its purchase of a 3 G licence in Uzbekistan in 2007, daily Dagens Nyheter reported, quoting sources. TeliaSonera was not immediately available for comment.

  • The arbitrage of Forties to South Korea appears to have resumed. Shipment of Forties to South Korea has been encouraged by a free trade agreement during 2012 and it tends to support prices in the North Sea market, as well as Brent swaps and timespreads.