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Petrobras sells oilfield asset to Statoil for $2.5 billion


RIO DE JANEIRO/OSLO Brazil's Petrobras on Friday agreed to sell one of its largest oil and gas prospects to Norway's Statoil for $2.5 billion (1.89 billion pounds), the boldest step yet by the state-led energy company to advance its stagnant asset-sale plan and repair its battered finances.

DNO expands foothold in Kurdish oil with Gulf Keystone offer 29 Jul 2016

OSLO/BENGALURU Norwegian energy firm DNO ASA expanded its foothold in Iraqi Kurdistan on Friday by offering to purchase rival Gulf Keystone Petroleum Ltd for $300 million, following the latter's junk bond deal this month.


Norway to examine competition conditions in oil industry 20 Jul 2016

OSLO Norway's competition watchdog will look into whether competition rules are being infringed in its oil industry, the industry ministry said on Wednesday.


Oil firm Det norske looking for more deals in "very interesting" market -CEO 14 Jul 2016

OSLO Norwegian oil firm Det norske sees scope for further transactions after its planned merger with BP's Norwegian business, its chief executive told Reuters on Thursday.

Airbus sees Super Puma future but no quick helicopter market rebound 13 Jul 2016

FARNBOROUGH, England Airbus has no plans to scrap its Super Puma helicopter in the wake of a crash that killed 13 people in Norway, the head of its helicopter division said on Wednesday, but he warned the market would remain weak at least until the end of 2017.

Norwegian Air Shuttle says Brexit not affecting bookings 12 Jul 2016

FARNBOROUGH, England Norwegian Air Shuttle , Europe's third-largest low-cost airline by passenger numbers, said Britain's decision to leave the European Union and the economic uncertainty associated with it was not having any impact on its bookings.

Norway interested in 5-6 Boeing P-8 maritime spy planes - U.S. Navy 11 Jul 2016

FARNBOROUGH, England Norway has expressed interest in buying five to six Boeing Co P-8 maritime surveillance planes, a senior U.S. Navy official said on Monday.


Norway PM - no trade deal with Britain before Brexit dealt with 06 Jul 2016

KONGSBERG, Norway Norway will not negotiate any separate trade deals with Britain until London has agreed the terms of how it will leave the European Union with Brussels, the Norwegian Prime Minister told Reuters on Wednesday.


Norway investigators blame Airbus helicopter crash on gearbox failure 28 Jun 2016

OSLO The fatal crash of an Airbus helicopter in Norway in April was probably the result of metal fatigue in the aircraft's gearbox, the country's Accident Investigation Board (AIBN) said in a preliminary report on Tuesday, backing earlier findings.


Norwegian court rejects Edward Snowden lawsuit on free passage 28 Jun 2016

OSLO Former U.S. spy contractor Edward Snowden has failed in a legal bid to win guarantees from Norway that it would not extradite him to the United States if he went there to receive a free speech award, a Norwegian court said on Monday.