Search Results for: Norwegian

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) has developed plans to lend Norway’s Statoil Euro 200 million to help it develop the North Sea Ormen Lange gas field as a key supplier of natural gas to Britain, which should become a net importer of natural gas from 2007.…

BY KEITH NUTHALL
CONCERNS have been raised in Norway about an increased risk of food poisoning from eastern European meat imports following the accession of former communist countries to the EU next May. Professor Eystein Skjerve, of the Norwegian School of Veterinary Science, told the Norwegian press that these countries did not have adequate food safety systems.…

BY SWINEETHA DIAS WICKRAMANAYAKE
A SRI Lanka university is talking to foreign mining investors after its geologists discovered a dense iron ore deposit in the south of the island country. Peradeniya University claims that the deposit, in Wellawaya district, has a purity exceeding 90 per cent and is estimated to be about 90 million tonnes in size.…

BY KEITH NUTHALL
NORWEGIAN consumer legislation that bans the sale of life assurance contracts within Norway, unless policyholders are charged an upfront fee covering all completion costs, is being challenged as illegal under European law. Oslo has been sent a final warning letter from the European Free Trade Area (EFTA) Surveillance Authority, threatening action at the EFTA Court, unless Norway promises to dismantle the system and replace it with something less draconian.…

BY KEITH NUTHALL
THE EUROPEAN Free Trade Area (EFTA) Court has ruled that national judicial inquiries within the EU and EFTA may approve applications to ban parallel medicine importers from reusing a manufacturer’s trademark, while adding stripes to labelling to show the product is a re-export.…

BY PHILIP FINE

AN AMERICAN federal judge was within his right to temporarily shut down state government approved salmon farms, a US appeals court ruled on August 7. The appellate judge had assessed a May ruling, where a federal judge ordered two Norwegian-owned companies (Atlantic Salmon of Maine and Stolt Sea Farms) to fallow their 12 farms from six to 36 months, after being fined for damaging Maine’s coast with excess feed, faeces and medications.…

BY KEITH NUTHALL
THE EUROPEAN Free Trade Area (EFTA) Court has thrown out a bid by two environmental groups to stop the Norwegian government offering tax privileges to natural gas exploration companies working in the inhospitable Snøhvit field, off the far north coast of Norway.…

BY KEITH NUTHALL
AGREEMENT in principle over the proposed reforms to the European Union’s gas liberalisation directives has been secured at the European Parliament’s key industry committee, although it is proposing important changes. MEP’s called for amendments insisting upon close cooperation between the European Commission and national regulators regarding security of supply.…

BY SIGRÚN DAVÍDSDOTTIR
THE FOUR Scandinavian language-speaking countries, Denmark, Iceland, Norway and Sweden, all pass with flying colours on Transparency International’s Corruption Index when considering their exposure to money laundering. Though the use criminal proceeds is not a serious issue in this friendly part of the world, their vicinity to countries in the former communist eastern bloc and the increasingly pervasive nature of international terrorism means that no one can afford to be caught sleeping on the post, especially not after 9/11.…

BY KEITH NUTHALL
SIGNIFICANT liberalisation of Denmark’s natural gas market has been agreed in a deal between the European Commission’s competition directorate and the key suppliers and producers in the Danish sector. Notably, Shell, AP Møller and ChevronTexaco, have agreed to stop jointly marketing their gas as part of the country’s dominant production group, called the Danish Underground Consortium (DUC).…