LONDON There's oil and then there's oil, says Norway's Statoil , which is pitched in a race to develop the cleanest crude as countries wean themselves off fossil fuels.
LONDON The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term.
ANKARA Turkey is pulling 40 soldiers out of a NATO exercise in Norway, President Tayyip Erdogan said on Friday, after his name appeared in a list of enemies on a poster at the drill, an incident that drew an apology from both the military alliance and Oslo.
LONDON/FRANKFURT German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, three banking sources said.
LONDON European shares enjoyed a recovery on Thursday, snapping their longest losing streak since October 2016 as the cyclical sectors which had driven a market-wide sell-off made a comeback, though oil was a weak spot.
MILAN The UK's top share index shrugged off weakness from oil stocks on Thursday as a handful of earnings updates were in focus, though GKN plunged on uncertainty following the ditching of its CEO designate.
OSLO Norway's trillion-dollar (£758 billion) sovereign wealth fund is proposing to drop oil and gas companies from its benchmark index, which would mean cutting its investments in those companies, the deputy central bank chief supervising the fund told Reuters, sending energy stocks lower.
BONN, Germany Storebrand, Norway's largest private pension fund, said on Thursday it had dropped 10 coal companies including Germany's RWE AG from its $80 billion (60.71 billion pounds) portfolio under tighter self-imposed guidelines on climate change.
ZURICH The next World Economic Forum of world leaders and CEOs in Davos will be chaired by women including International Monetary Fund director Christine Lagarde, Norwegian Prime Minister Erna Solberg and IBM's chief executive Ginni Rometty.
HARARE Zimbabwe's former president Robert Mugabe was granted immunity from prosecution and assured that his safety will be protected in his home country under a deal that led to his resignation, sources close to the negotiations said on Thursday. | Video
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