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Europe Top News and Analysis Norway

  • *A company with the same address and ID number as the Toronto- based owner of a chartered bus that crashed on a New Jersey highway wasn't authorized to operate in the United States, documents indicate.

  • LONDON, Oct 8- British prompt gas prices eased on Monday as imports from Norway via the Langeled pipeline regained full strength following processing problems last week, while milder weather forecasts for October also helped keep a lid on gains.

  • OSLO, Oct 8- Nordic spot power prices were expected to rise on higher exports to Germany and colder weather boosting consumption, analysts said on Friday. Consumption in Norway, Sweden and Finland is expected to rise by 960 MW to 43,400 MW as temperatures were forecast to drop by 1.8 degrees Celsius.

  • PARIS, Oct 8- France's Total and Exxon Mobil Corp have agreed to exchange interests in a range of assets on the Norwegian Continental Shelf, Total said in a statement on Monday.

  • OSLO, Oct 8- Norway expect its gas output to rise to 110 million standard cubic meters of oil equivalent in 2013, while oil and natural gas liquids were seen to fall to 114 mcmoe, the finance ministry said in its budget on Monday. That compares to 107 mcmoe of gas production and 116 million of mcmoe in oil and NGL output expected in 2012, the draft budget showed.

  • OSLO, Oct 8- The Norwegian government plans to spend more of its oil revenues in the election year 2013 than it has earmarked for 2012, when it expects the economy to grow faster than earlier anticipated, according to a budget draft.

  • OSLO, Oct 8- Norway plans to spend more of its oil revenue in the election year 2013 than planned for 2012 and hiked forecasts for this year's growth, its government said in a budget on Monday. The structural deficit before oil revenue is seen at 125.3 billion Norwegian crowns next year, above the 116.2 billion seen for 2012, unchanged from the May forecast.

  • OSLO, Oct 8- Norwegian gas exports to Europe rose on Monday morning from the previous day as production from a major gas processing plant has reached full capacity, gas system operator Gassco said. Exports to Europe including Britain rose by 18.9 million cubic metres to 312.9 mcm per day by 0600 GMT compared with the 294 mcm daily average on Sunday.

  • OSLO, Oct 8- Norway plans to spend more of its oil revenue in the election year 2013 than planned for 2012 and hiked forecasts for this year's growth, its government said in a budget on Monday. The structural deficit before oil revenue is seen at 125.3 billion Norwegian crowns next year, above the downwardly revised 116.2 billion seen for 2012..

  • OSLO, Oct 8- Norway's government made the following economic forecasts in its 2013 budget proposal on Monday. 2013 2012 Oct May Oct May GDP, overall 2.5 n/a 3.1 2.4 GDP ex-oil, gas 2.9 n/a 3.7 2.7 Core CPI 1.7 n/a 1.3 1.4 Unemployment rate 3.2 n/a 3.1 3.3 Average oil price NOK 625 n/a 637 650. NOTE: Oil price given in Norwegian crowns per barrel.

  • For more on the company, double click on NOKIA. Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson.

  • *Underlining the uncertain outlook, the World Bank cut its growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.

  • Dame Marjorie Scardino is preparing to give up her role as the vice-chair of the Finnish phone-maker Nokia, Financial Times reported on Sunday, just days after Scardino announced her departure from the helm of Pearson. Scardino, Nokia's vice-chair since 2007, was quoted as saying it was a "natural schedule" to leave the board next spring.

  • The programmes showed that four benchmark North Sea crude oil streams- Brent, Forties, Oseberg and Ekofisk- are set to pump around 780,000 barrels per day in November, down from 871,000 initially scheduled for October.

  • OSLO, Oct 8- Norway plans to spend 125 billion Norwegian crowns of its oil revenue in 2013, or 3.3 percent of the fund's value, public broadcaster NRK reported on Monday. Norway, the world's eighth-largest oil exporter, runs big surpluses when petroleum revenue is counted but has a structural deficit without the oil money.

  • OSLO, Oct 7- Greenhouse gas emissions rise when economies expand but don't fall as quickly when recession strikes, perhaps because people stick with a higher-emitting lifestyle from the boom times, a study showed.

  • LONDON, Oct 5- North Sea Forties crude differentials were steady on Friday as traders assessed fresh November loading programmes amid mounting deferrals of October cargoes. This explains why the Forties November loadings do not begin until November 8.

  • LONDON, Oct 5- Iraqi Kurdistan's leading oil producer, Genel Energy, said on Friday it may halt exports after receiving no payment three days after Baghdad insisted a transfer of funds to the semi-autonomous region had begun.

  • *Nordic spot price for Saturday seen at 29.8 euros/ MWh. Saturday's delivery is expected to fall to 29.8 euros a megawatt-hour and to 27.8 euros for Sunday, compared to 32.23 euros on Friday, analysts at Point Carbon said. Wind power output in Denmark and Sweden was expected to gain by an hourly average of 920 MW on Saturday and by 1,890 MW on Sunday from Friday.

  • were trading around 61.50 pence per therm, up 0.1 pence since Thursday morning, and prices for delivery within the day were also trading at 61.50 pence.