Norfolk, UK-based energy firm 3Sun Group bagged a $16.7 million (£10 million) investment from the Business Growth Fund (BGF) to fuel its European expansion and workforce addition.
Tags: Norway
Shell sells parts of Norwegian downstream business to Finland's ST1
Oil major Shell (RDSa.L) said on Thursday it had sold parts of its Norwegian downstream business to Finnish fuel firm ST1 for an undisclosed sum, further divesting parts of its downstream activities.
Italy, Turkey to service F-35 jet, engine in Europe: Pentagon
The Pentagon on Thursday said Italy and Turkey would provide initial heavy maintenance of Lockheed Martin Corp's new F-35 fighter jet and its engine in Europe from 2018, paving the way for billions of dollars in work by companies there.
Tanzania talks with Total, BP on hydrocarbon exploration
Tanzania has held talks with France's Total (TOTF.PA) and Britain's BP (BP.L) over oil and gas exploration, its energy ministry said on Saturday, aiming to add to major companies active in its thriving energy sector.
Morpol founder picks up 12.9pct stake in Norwegian biomarine firm Hofseth for NOK45M
Jerzy Malek, the founder of salmon processor Morpol, picked up a 12.9% stake in Alesund, Norway-based biomarine firm Hofseth Biocare in a private placement valued at NOK45 million.
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Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
British helicopter airline Bristow Helicopters picked up a 60% stake in UK-based airline Eastern Airways International Ltd, with the two firms to continue operating as entities independent from each other, as part of the strategic investment deal.
Norway's state-controlled Statoil is reportedly studying overseas acquisitions that could dilute the state's shareholding in the petroleum company. The Norwegian government is seeking to cut its stake in Statoil from 67% to 51%.
Norway-based private equity group HitecVision has announced a growth capital investment in well intervention services provider DeepWell AS in a deal that marks HitecVision's entry into the well intervention industry.
Norway-based oil company Statoil ASA (STO) said on Tuesday it has decided to invest in the Shah Deniz gas field development in Azerbaijan, together with its consortium partners.
SecondMarket founder and chief executive Barry Silbert claimed in an article on Entrepreneur that Wall Street will soon invest their money in hundreds of millions into Bitcoin.
The European Union through its European Banking Authority expressed warning similar to China, Germany and Norway regarding the risks associated in using Bitcoins as payment.
Bitcoins suffered a blow in Norway as the government declared that it was not real money. It will be treated as an asset and be subject to a capital gains tax, Bloomberg reported.
A December 4 interview conducted by Bloomberg with Industry Ministry Monica Maeland revealed Norway's plans to divest some of its holdings in several companies including Statoil ASA.
