Europe Top News and Analysis Norway

  • OSLO, Feb 24- Greenpeace and its partners on Monday asked Norway's supreme court to rule on the legality of the country's Arctic oil and gas exploration licences, in a case that could block the petroleum industry's expansion plans. If the supreme court takes up the case, the decision is likely to determine whether oil firms can search for hydrocarbons off...

  • Family walking on pier at sunny day

    This Scandinavian nation outperforms on a range of measures pertaining to children's well-being, according to medical journal The Lancet.

  • OSLO, Feb 19- Norway's daily oil production is expected to be 6.7% higher at the end of this year than at the end of 2019, as a major oilfield ramps up output, forecasts published by the Norwegian Petroleum Directorate showed on Wednesday. Norway's Johan Svedrup oilfield, which started production last October, is expected to reach its Phase 1 peak output of 440,000...

  • LONDON, Feb 18- The euro extended losses on Tuesday to plumb a new three-year low against the dollar, after a German survey showing a slump in investor confidence added to pessimism about Europe's largest economy. The euro has lost around 3.4% of its value against the U.S. dollar this year, as weak manufacturing and gross domestic product data from Germany confirm...

  • OSLO, Feb 18- Shipping group Golden Ocean warned on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China, sending its shares down more than 3% in early trade. Controlled by Norwegian-born billionaire John Fredriksen, Golden Ocean specializes in dry bulk commodities such as coal or iron ore and operates most of its fleet-...

  • OSLO, Feb 18- Dry bulk shipping firm Golden Ocean said on Tuesday its profit would be hit by a slowdown in demand due to the coronavirus outbreak in China. The Oslo and New York- listed firm said: "It is too early to forecast the potential impact of the coronavirus beyond the short term and information being released from China does not provide a complete view of its...

  • *Q4 net loss NOK 1.87 bln vs forecast NOK 1.35 bln. OSLO, Feb 13- Norwegian Air said on Thursday it will make deeper capacity cuts in 2020 than previously announced as it aims to return to profit after three consecutive years of losses. A pioneer in low-fare transatlantic air travel, Norwegian Air's rapid expansion has left the company heavily in debt, forcing it to...

  • Feb 12- BP pledged to sharply reduce its carbon emissions by 2050 as newly appointed CEO Bernard Looney looks to revamp the 111- year old company to ensure it does not fall behind rivals in its climate ambitions. BP's planned changes position it ahead of rivals such as Royal Dutch Shell, Total and all U.S. oil majors. Smaller Spanish peer Repsol has set similarly...

  • BARCELONA, Feb 10- Japanese wireless carrier NTT Docomo, Sony Corp and California- based chip giant Intel Corp pulled out of the Mobile World Congress in Barcelona on Monday because of the coronavirus outbreak. Barcelona's economy got a boost of around 470 million euros last year from the event, its organiser the GSMA estimated. Gremi d'Hotels de Barcelona, the...

  • BARCELONA, Feb 10- Japanese wireless carrier NTT Docomo and Sony Corp pulled out of the Mobile World Congress in Barcelona on Monday because of the coronavirus outbreak. Barcelona's economy got a boost of around 470 million euros last year from the event, its organiser the GSMA estimated. Gremi d'Hotels de Barcelona, the city's main hotels association, said...

  • OSLO, Feb 7- Norway, western Europe's largest oil and gas producer, on Friday announced it was increasing its ambition to cut carbon emissions and would put an implementation plan before parliament later this year. Norway said on Friday it was one of the first countries to submit enhanced reduction plans to the United Nations and would increase its ambition to a...

  • The company also beat estimates for average revenue per user and provided a bullish 2020 sales forecast as measures like adding augmented reality features to its platform and expanding into markets like Denmark, Norway and Switzerland attracted more users. "We've seen great success in monetizing in English-speaking countries outside of the U.S. and the...

  • The company has added augmented reality features to enhance visual search in its platform and entered markets such as Denmark, Norway and Switzerland in its attempt to drive user growth. Pinterest posted on average revenue of $1.22 per user globally in the fourth quarter, beating analysts' expectation of $1.14, according to research firm FactSet.

  • The company has added augmented reality features to enhance visual search in its platform and entered markets such as Denmark, Norway, Switzerland in its attempt to drive user growth. Total revenue surged 46% to $400 million, topping estimate of $371.2 million, according to IBES data from Refinitiv. The company forecast 2020 revenue of up to $1.52 billion, while...

  • OSLO/ LONDON, Feb 6- Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers. By including so-called Scope 3 emissions on top of the emissions from its own operations, the Norwegian company is now...

  • *Airline cut capacity by 29% year-on-year in January. OSLO, Feb 6- Norwegian Air's turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade. Norwegian's shares traded 4.3% higher at 39.66 crowns by 0839 GMT, but are still...

  • LONDON, Feb 6- BP is seeking buyers for its stake in a major Algerian gas plant deep in the Sahara desert after recent talks on a sale to Russian oil giant Rosneft failed, three industry sources told Reuters. The approval of a sale of the Algerian assets will be one of the first major decisions for Chief Executive Bernard Looney who took office on Wednesday after his...

  • OSLO, Feb 6- Norway's Equinor reported a smaller-than-expected drop in fourth-quarter profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. Norway's total oil output is expected to grow by 43% from 2019 to 2024, much of it coming from Sverdrup, forecasts from the Norwegian Petroleum Directorate...

  • OSLO, Feb 6- Norway's Equinor reported a smaller-than-expected drop in fourth-quarter profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. The Oslo- listed company's adjusted earnings before interest and tax fell to $3.55 billion in the fourth quarter from $4.39 billion in the same period of...

  • OSLO, Feb 6- Norway's Equinor reported a smaller-than-expected drop in fourth-quarter profits on Thursday as the startup of a major new oilfield partly mitigated the impact from weak European gas markets. The Oslo- listed company's adjusted earnings before interest and tax fell to $3.55 billion in the fourth quarter from $4.39 billion in the same period of...