Europe Top News and Analysis Norway

  • July 18- New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, a key milestone in Governor Andrew Cuomo's ambitious plan to slash the state's greenhouse gas emissions. The two contracts add up to 1700 MW of capacity, or enough to power 1 million homes, Cuomo said...

  • *Nordea net profit 681 mln eur vs 739 mln consensus. HELSINKI/ COPENHAGEN July 18- Nordea, the biggest bank in the Nordics, said it would review its financial targets in coming months, as the region's lenders struggle with weak growth at home and rising compliance costs from money laundering scandals overseas. Nordea's net profit fell 11% from a year earlier to 681...

  • SANTA FE, Argentina, July 17- Leaders from countries in South America's Mercosur trade bloc met on Wednesday in Argentina, with plans as to how to push forward a recently struck free-trade deal with the European Union at the center of discussions. The presidents of Argentina, Brazil, Paraguay and Uruguay appeared together in the city of Santa Fe, in Argentina's...

  • *Britain's FTSE rises as pound hit by Brexit woes. Upscale retailers in Europe, including Hermes, Louis Vuitton owner LVMH and Gucci parent Kering, rose between 0.4% and 2%, helping France's CAC 40 index outperform its European peers with a 0.65% gain. Britain's FTSE 100 rose 0.6%, as a weaker pound boosted London- listed multinationals.

  • OSLO, July 12- Norwegian oil firm Aker BP has made an oil discovery off Norway which could strengthen its hand in negotiations with its sometimes partner Equinor on how to develop fields. The company said on Thursday it had made an oil discovery with partner LOTOS of Poland estimated to hold between 80 million and 200 million barrels of recoverable oil...

  • This image, taken in June 2017, shows offshore floating wind turbines during assembly in Stord, Norway.

    The Norwegian energy firm, Equinor, will help to develop the project.

  • OSLO, July 11- Norway's DNB said it had seen growth in all business areas as the Nordic region's biggest bank by market value reported second-quarter results in line with expectations on Thursday. DNB overtook Nordea as the region's biggest bank by market capitalisation in June helped by Norway's expanding economy and more efficient operations.

  • OSLO, July 11- Norway's DNB said it had seen growth in all business areas as the Nordic region's biggest bank by market value reported second-quarter results in line with expectations on Thursday. DNB overtook Nordea as the region's biggest bank by market capitalisation in June helped by Norway's expanding economy and more efficient operations.

  • OSLO, July 11- Norway's DNB, the Nordic region's biggest bank by market value, said it had seen growth in all business areas as it reported second-quarter results that were in line with expectations on Thursday. DNB's net interest income rose to 9.6 billion crowns in the second quarter, up from 9.1 billion crowns at the same time a year ago, and just below the average...

  • *Petrogas NEO to become Var's UK pendant. LONDON, July 10- Private equity fund HitecVision and Omani oil group Petrogas have teamed up to buy a portfolio of Total's British North Sea oilfields for $635 million, the companies said on Wednesday. The fields, which are set to produce 25,000 barrels of oil equivalent this year, will be owned by a subsidiary of the two...

  • Venezuela's opposition leader Juan Guaido speaks by the statue of Venezuelan procer Francisco de Miranda during a march against the government in Caracas on July 5, 2019, during the anniversary of the Venezuelan Independence.

    Venezuela's opposition leader said the talks must lead to a solution of the crisis and must not be used by Maduro's government to buy time.

  • OSLO/ MADRID, July 5- Shares in budget carrier Norwegian Air rose on Friday after British Airways and Iberia owner IAG denied a Spanish media report it was preparing another offer for the airline. The shares were up 6.3% at 0734 GMT, outperforming a flat Oslo benchmark index after rising as much as 12% at the opening of trading. Norwegian Air declined to comment.

  • OSLO/ MADRID, July 5- Shares in budget carrier Norwegian Air rose on Friday after British Airways and Iberia owner IAG denied a Spanish media report it was preparing another offer for the airline. The shares were up 7% at 0725 GMT, outperforming a flat Oslo benchmark index after rising as much as 12% at the opening of trading. "We have said that we are no longer...

  • OSLO, July 4- Norwegian Air filled more seats on its planes than expected in June, compensating for a dip in passenger numbers due to the ongoing grounding of Boeing's 737 MAX jets, sending its shares higher on Thursday. Europe's third-largest budget carrier by passengers flown has curbed its rapid growth this year to focus on cutting costs and turning a profit.

  • *Tesla is top-selling car brand in Norway this year. *Norway aims to end combustion engine sales by 2025. OSLO, July 1- Almost half of new cars sold in Norway in the first six months of 2019 were powered by fully electric engines, up from just over a quarter in the same period last year, ensuring the Nordic nation retains its top global ranking in electric vehicle sales.

  • *Norway fund is world's largest sovereign wealth fund. OSLO, June 28- Norway's $1 trillion sovereign wealth fund, the world's largest, must assess how the planned phase out of oil and gas exploration and production companies from its investments will be conducted, the finance ministry said on Friday. As part of Norway's efforts to shift its "rainy day" fund away from...

  • *PIF's twin mandate: generate wealth and develop local projects. RIYADH, June 28- Saudi Arabias Public Investment Fund risks being pulled deeper into Crown Prince Mohammed bin Salmans domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said. The projects include a...

  • *BP prefers rapid energy transition to disarray-Lund. LONDON, June 27- Trade tensions risk throwing the global economy's transition to greener energy into disarray and could hurt energy companies' preparations towards it, BP Chairman Helge Lund said as leaders of the world's largest economies gather for talks in Japan. London- based BP, like some of its peers, has...

  • OSLO, June 26- The chief executive of Swedish industrial technology group Hexagon, Ola Rollen, was found not guilty of insider share trading, an Oslo appeals court said on Wednesday, upholding the verdict of a lower court. Prosecutors had asked for an 18- month prison term for Rollen over his 2015 purchase of shares in Norway's Next Biometrics, a transaction which...

  • LONDON, June 26- Outages at North Sea oilfields have helped put competing Nigerian oil on pace to arrive in Europe at the highest levels in seven months in June, according to Refinitiv Eikon data and traders. Norwegian and UK offshore fields in the North Sea normally provide a steady supply of lighter crude to refineries feeding northern Europe's major...