×

Europe Top News and Analysis Norway

  • LONDON, Oct 11- British prompt gas prices fell on Friday morning as warmer weather weighed on demand and Norway boosted deliveries to the UK following maintenance-related supply interruptions earlier this week.

  • OSLO, Oct 12- Stronger winds and lower consumption will drag down Nordic spot power prices for the weekend, analysts at Point Carbon said on Friday. Saturday delivery was expected to ease to 32.5 euros per MWh and to 32.4 euros on Sunday, compared with 36.6 euros on Friday.

  • *Tokyo Gas says oil-indexation "not rational". Producers BG Group, Russia, Norway and Qatar regard them as cornerstones of the business. Tokyo Gas, Japan's single biggest importer of oil-linked, called the global gas pricing mechanism "not rational" in light of cheap U.S. gas exports expected to flood markets by 2016..

  • OSLO, Oct 12- Norwegian pipeline gas exports rose strongly on Friday morning on higher flows to Britain, indicating the Royal Dutch Shell's. Exports to Europe including Britain gained by 30.3 million cubic metres to 282.8 mcm per day by 0600 GMT compared with the 252.5 mcm daily average on Thursday, data from gas system operator Gassco showed.

  • *Says the value of the exercised option is approximately USD 5.7 million.

  • OSLO, Oct 12- Subsea 7:. *Announces contract extension with in North Sea. *Says contract extension is valued at approximately US $300 M and will run from.

  • Signs of tight crude supply from the North Sea in November and expectations of stronger refinery demand in Europe have also supported the market. Shipments of Forties to South Korea, encouraged by a free trade agreement during 2012, tend to support prices in the North Sea market, as well as Brent swaps and timespreads.

  • *Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday to their highest levels in weeks as tensions between Syria and Turkey escalated, while maintenance on North Sea oilfields pushed the premium for Europe's Brent crude to another one-year high.

  • ALGIERS, Algeria-- Algeria's Finance Ministry and central bank have announced the country is contributing $5 billion to the International Monetary Fund. In April, Algeria said the IMF had asked for Algeria's participation in the international lending institution. Algeria is the third largest supplier of natural gas to Europe after Russia and 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, reinforcing concerns about risks to the region's supply, and maintenance curbs on North Sea output continue.

  • OSLO, Oct 11- Nordic power prices could rise as much as 10 percent by the end of the decade as a clutch of new power lines will allow producers to sell their electricity into higher priced markets in continental Europe and Britain.

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil reached its highest in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • *Qatari LNG supplies to UK also down sharply. *UK spot gas prices up 10 pct since beginning of Oct. LONDON, Oct 11- Britain's winter gas supply may hit a crunch in a cold snap after volatile imports from Norway due to technical problems compound variable shipments from Qatar.

  • *Turkey, Syria fighting stokes concern over Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • OSLO, Oct 11- Norwegian oil workers, who went on strike for better conditions this summer, will get a 4.5 percent pay increase but not the right to retire early, the Labour Ministry ruled in a forced dispute settlement on Thursday.

  • *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • OSLO, Oct 11- Nordic spot power prices were expected to fall on higher wind output and lower export capacity to Germany, analysts at Point Carbon said on Thursday.

  • *Turkey, Syria fighting stokes worries about Mideast supply. LONDON, Oct 11- Brent crude oil headed for its highest close in a month on Thursday, lifted by escalating tension between Syria and Turkey, maintenance in the North Sea and a supply crunch in oil products.

  • LONDON, Oct 11- British prompt gas prices eased on Thursday morning as the system was almost balanced and supplies from Norway were expected to improve by the end of the week, analysts said.

  • *Telenor still needs local partner for new business* Spectrum auction set for November for new licences* Telenor has not yet decided to participate in new auction* Unitech-Telenor JV caught in controversial court case By Devidutta Tripathy and Victoria Klesty.