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Latest Economy of Norway Stories

2014-10-09 16:22:52

LONDON, Oct. 9, 2014 /PRNewswire/ -- The North Sea's oil industry makes a substantial contribution to its associated nation's energy security, economy and employment. Given the huge amount of recoverable resources, Oil and Gas drilling activity in the North Sea region looks promising yet volatile. The current drilling rate in the region is on the low side when compared to where it was about 5 years ago.Moreover, the future of North Sea oil is one of the key campaign battlegrounds...

2014-09-16 08:23:36

Eltek's vast experience in the telecom vertical enabled it to foster long-standing customer relationships MOUNTAIN VIEW, Calif., Sept. 16, 2014 /PRNewswire/ -- Based on its recent analysis of the DC power systems and hybrid power systems markets, Frost & Sullivan recognizes Eltek with the 2014 Global Frost & Sullivan Award for Growth Excellence Leadership and Customer Value Leadership, respectively. Eltek continues on its path of distinction in the DC and hybrid power system markets,...

2014-09-04 08:22:55

HOUSTON, Sept. 4, 2014 /PRNewswire/ -- Baker Hughes Incorporated (NYSE: BHI) and Aker Solutions (OSE: AKSO) announced today that they have received the necessary regulatory approvals for the Subsea Production Alliance announced in April 2014. Earlier this year, Baker Hughes and Aker Solutions agreed to form an alliance to develop technology for production solutions designed to boost output, increase recovery rates and reduce costs for subsea fields. The alliance combines Aker...

2014-08-26 12:22:53

CALGARY, Aug. 26, 2014 /PRNewswire/ - (TSX-V: PFC) - PetroFrontier Corp. ("PetroFrontier") announces that Statoil Australia Theta B.V. ("Statoil"), PetroFrontier's joint venture partner and the operator of the 2014 work program and budget has completed testing operations at the OzBeta-1 well. The OzBeta-1 well was perforated over a 3 meter interval within the Arthur Creek Hot Shale from 1,347 to 1,350 meters depth. A small water based hydraulic stimulation was successfully...

2014-07-16 16:21:47

NEW YORK, July 16, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Kodiak Oil & Gas Corp. ("Kodiak" or "the Company") (NYSE: KOG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Whiting Petroleum Corporation. http://photos.prnewswire.com/prnvar/20120409/MM84375LOGO Click here to learn more about the investigation: http://zlk.9nl.com/kodiak-oil-gas-kog, or call:...

2014-07-15 04:20:22

LONDON, July 15, 2014 /PRNewswire/ -- Raytheon Company (NYSE: RTN) and Kongsberg Gruppen have formed a teaming agreement to provide new solutions for the Offensive Anti-Surface Warfare (OASuW) mission. As a centerpiece of the agreement, the companies will develop the Joint Strike Missile (JSM) for air-launched OASuW applications. The Joint Strike Missile is already funded for development for the Royal Norwegian Air Force at a time when the United States Navy is considering...

2014-06-10 12:23:04

ST. JOHN'S, June 10, 2014 /CNW/ - The Research & Development Corporation (RDC) and Statoil Canada Ltd. are pleased to announce a collaborative investment in three new research and development projects with the potential to improve Arctic and harsh-environment offshore oil and gas operations in Newfoundland and Labrador and around the world. The total value of the projects is $3.9 million, including $2.4 million from Statoil Canada and $1.5 million from RDC. "This collaborative initiative...

2014-05-06 20:22:09

HOUSTON, May 6, 2014 /PRNewswire/ -- Statoil (OSE: STL, NYSE: STO) announced today that it has started its latest Gulf of Mexico exploration campaign. It started drilling Martin, a high-impact prospect, on 20 April. http://photos.prnewswire.com/prnvar/20140506/85098 "We consider Martin one of the top prospects in our global portfolio," says Jez Averty, senior vice president of exploration for Statoil in North America. "Since acquiring this prospect in 2012, we've advanced it in 20...

2014-03-06 12:22:09

HOUSTON, March 6, 2014 /PRNewswire/ -- Oceaneering International, Inc. (NYSE: OII) announced the appointment of Knut Eriksen to Senior Vice President, Business Development. In this new role, Mr. Eriksen will be responsible for leading Oceaneering's worldwide business development efforts focused on our customers' evolving and growing deepwater operations. Mr. Eriksen joined Oceaneering in 2010 as Senior Vice President, Subsea Products. His career spans over 35 years in the oil and...

2014-01-27 04:22:13

PETACH-TIKVA, Israel, Jan. 27, 2014 /PRNewswire/ -- Eltek Ltd., (NASDAQ: ELTK), the leading Israeli manufacturer of advanced circuitry solutions, including complex build ups of Rigid and Flex-rigid PCBs, announced today that it has received Nadcap accreditation for its advanced circuitry solutions, including rigid and flex-rigid printed circuit boards. Nadcap (formerly NADCAP, the National Aerospace and Defense Contractors Accreditation Program) is a global cooperative accreditation...


Word of the Day
ramage
  • Boughs or branches.
  • Warbling of birds in trees.
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