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☆ Norway sovereign wealth fund to co-lead class action in SVB bankruptcy
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +1 min

Silicon Valley Bank (SVB) logo is seen through broken glass in this picture illustration taken March 16, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOSLO, Dec 1 (Reuters) - Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to the now-bankrupt Silicon Valley Bank (SVB). The Norwegian fund said the SVB case raised significant concerns regarding the integrity of the public markets, the governance of large financial institutions and the interests of the investor community more broadly. It held a 1% stake in SVB at the end of 2022, valued at $137.9 million, according to data on the fund's website. The other co-lead plaintiff in the class action is Swedish pension fund Sjunde AP-fonden (AP7), the Norwegian fund said.

Persons: Dado Ruvic, Nicolai Tangen, Nerijus Adomaitis, Jane Merriman, Kirsten Donovan Organizations: Bank, REUTERS, Rights, fund's, Thomson Locations: Rights OSLO, U.S, SVB, Swedish

☆ IEA sees surplus oil supply in 2024 even if OPEC+ extends current cuts
▼ + stars: | 2023-11-21 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources have told Reuters after prices dropped by some 16% since late September. Oil has slid to around $82 a barrel for Brent crude from a 2023 high in September of near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia.

Persons: Pascal, Toril Bosoni, Brent, Nerijus Adomaitis, Terje Solsvik, Gwladys Organizations: IPC Petroleum France, REUTERS, Rights, International Energy, Reuters, Oil, OPEC, Brent, Thomson Locations: Soudron, Reims, France, Rights OSLO, OPEC, Oslo, East, Saudi Arabia, Russia

[1/2] Executives of Norwegian company Adevinta celebrate the firm’s first day of trading at the Oslo stock exchange, Norway April 10, 2019. The consortium, which include funds General Atlantic and TCV, have offered to pay Adevinta shareholders 115 crowns per share. The deal for Adevinta comes at a difficult time for dealmaking in Europe. It is part of a trend of transactions where private equity firms have weighed buying back public companies they previously owned or still own stakes in. Shareholders can receive cash, or a mix of cash and new shares in the emerging private entity.

Persons: Nerijus, Adevinta, Stefan Dziarski, Dipan Patel, Permira, Shivani Tanna, David Goodman, Marguerita Choy Organizations: Adevinta, REUTERS, Permira, Blackstone, eBay, Adevinta ASA, Atlantic, dealmaking, Thomson Locations: Oslo, Norway, Europe, Adevinta, Bengaluru

☆ Orsted pulls out of Norway offshore wind consortium
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +2 min

Earlier this month the Danish company, the world's largest offshore wind developer, also scrapped two U.S. offshore wind projects, flagging $5.6 billion in related impairments as costs ballooned due to rising interest rates and supply bottlenecks. Olsen Renewables AS, and Norwegian power producer Hafslund formed the Blaavinge consortium in 2021 to take part in planned offshore wind tenders in Norway. Olsen Seawind and Hafslund will not be able to participate in the bottom-fixed wind tender now that Orsted has pulled out of the consortium, Bonheur said. However, they still plan to work on a tender for floating offshore wind turbines. Norway has yet to announce the date for a floating offshore wind tender.

Persons: Tom Little, Orsted, Bonheur's, Olsen, Fred, Hafslund, Olsen Seawind, Bonheur, Nerijus Adomaitis, Susan Fenton Organizations: REUTERS, Rights, Bonheur ASA, Fred, Olsen Seawind ASA, Olsen Renewables AS, Thomson Locations: Nysted, Denmark, Rights OSLO, Norway, Danish, Norwegian

Two other Baltic telecoms cables were damaged on the same night of Oct. 7 along the route that the ship was travelling, according to shipping data reviewed by Reuters. NewNew Shipping, the owner and operator of the NewNew Polar Bear, has previously declined to comment when contacted by Reuters. TRAIL OF DAMAGEIn total, three Baltic telecoms cables and one pipeline were damaged in the space of less than nine hours. Data from shipping intelligence firm MarineTraffic, reviewed by Reuters, showed that the NewNew Polar Bear passed over a Swedish-Estonian telecoms cable at 1513 GMT, then over the Russian cable at around 2020 GMT, the Balticconnector at 2220 GMT and a Finland-Estonia telecoms line at 2349 GMT. Finnish police announced on Oct. 24 that they had found a ship's anchor near the broken gas pipeline.

Persons: Anton Vaganov, Rostelecom, Vladimir Putin, Gasgrid, Mark Trevelyan, Nerijus Adomaitis, Anne Kauranen, Terje Solsvik, Bill Berkrot, Matthew Lewis Organizations: Rostelecom, St ., Economic, REUTERS, Reuters, NewNew Shipping, Kremlin, Communications Ministry, St, Thomson Locations: St, St . Petersburg, Saint Petersburg, Russia, Finland, Estonia, Baltic, Beijing, Ukraine, China, Swedish, Estonian, St Petersburg, Kaliningrad, London

A damaged Balticconnector gas pipeline that connects Finland and Estonia is pictured in this undated handout picture in the Baltic Sea. Tallinn is investigating the cables incidents. In the case of the Estonia-Finland cable damage, it is also focusing on the Hong Kong vessel, and on Thursday evening Kallas said all three incidents were likely connected. The NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kms (82 miles) before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kms (20 miles) after the gas pipeline, according to MarineTraffic.

Persons: Kaja Kallas, Gasgrid, Kallas, Janne Kuusela, Andrius Sytas, Anne Kauranen, Nerijus Adomaitis, David Evans, Hugh Lawson, Emelia Organizations: Finnish Border Guard, REUTERS, Estonian, National Emergency Supply Agency, Lithuanian, Reuters, NATO, Norwegian Navy, Thomson Locations: Finland, Estonia, Baltic, VILNIUS, HELSINKI, Sweden, Hong, Kong, Tallinn, Hong Kong, Estonian, Russia, MarineTraffic, China, Vilnius, Helsinki, Oslo

☆ Three Baltic Pipe and Cable Incidents 'Are Related', Estonia Says
▼ + stars: | 2023-10-27 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

Finnish police have named the Chinese-owned and Hong-Kong-flagged container carrier NewNew Polar Bear as the prime suspect in damaging the Balticconnector Finland-Estonia gas pipeline early on Oct. 8. NewNew Polar Bear sailed over the Estonia-Sweden cable 133 kilometres before reaching the pipeline damage site. It then crossed the Estonia-Finland cable 32 kilometres after the gas pipeline, according to MarineTraffic. NATO has stepped up patrols in the Baltic sea after the incidents, and Norwegian navy has shadowed NewNew Polar Bear as it sailed over country's key pipelines. China is willing to provide necessary information in accordance with international law regarding an investigation on damage to a Baltic Sea gas pipeline, the foreign ministry said on Wednesday at a regular press briefing.

Persons: Andrius Sytas, Kaja Kallas, Nerijus, David Evans Organizations: Nerijus Adomaitis, Reuters, Estonian, NATO Locations: Nerijus, Nerijus Adomaitis VILNIUS, Estonia, Finland, Sweden, Hong, Kong, Helsinki, Tallinn, Estonian, Russia, MarineTraffic, Baltic, China, Vilnius, Oslo

☆ Chinese, Russian vessels in vicinity of Baltic Sea links damage -vessel tracking data
▼ + stars: | 2023-10-20 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +4 min

Early on Oct. 8, a gas pipeline and a telecoms cable connecting Finland and Estonia were broken, in what Finnish investigators say may have been deliberate sabotage. The ships are: the NewNew Polar Bear, a Chinese container ship travelling between China and Europe via the Northern Sea Route in the Arctic, and the Sevmorput, a nuclear-powered cargo vessel transiting between Murmansk and St. Petersburg. Based on vessel tracking data, Reuters matched the ships' path with the locations where the damage occurred at all three sites. The time the NewNew Polar Bear crossed the pipeline matches the time when Norwegian seismologists registered a small seismic event in the pipeline's vicinity. Russian President Vladimir Putin has dismissed as "rubbish" the idea that Russia damaged the Finnish-Estonia gas pipeline.

Persons: Elisa, Vladimir Putin, Nerijus Adomaitis, Marie, Gwladys Fouche, Jonathan Oatis Organizations: REUTERS, Rights, NATO, Reuters, Estonian Navy, NewNew Shipping, Marie Mannes, Thomson Locations: Paldiski, Estonia, Handout, Rights OSLO, Russian, Gulf, Finland, Sweden, Stockholm, Tallinn, Baltic, Helsinki, Moscow, Beijing, MarineTraffic, China, Europe, Murmansk, St . Petersburg, Gulf of Finland, Swedish, Estonian, Russia, Finnish, Oslo

The NewNew Polar Bear is a container ship travelling between Europe and China via the Northern Sea Route in the Arctic. On Monday, it left the Baltic Sea and entered the North Sea to head north along the Norwegian coast. The KV Sortland followed the NewNew Polar Bear at a distance of 1 nautical mile, or about 1.8 km, for about 15 hours. NewNew Shipping, the owner and operator of the NewNew Polar Bear, declined to comment when contacted by Reuters. Oslo is closely monitoring the progress of the probe in the Baltic Sea incident.

Persons: Christian, Nerijus Adomaitis, Anne Kauranen, Gwladys Fouche, Bill Berkrot Organizations: REUTERS, Rights, Norwegian Navy, KV, KV Sortland, NewNew Shipping, Reuters, Navy, Andrius, Thomson Locations: Nord, Mukran, Ruegen, Rights OSLO, HELSINKI, Norwegian, Gulf of Finland, Norway, Russian, Baltic, Europe, China, Bergen , Marine, NewNew, Oslo, Helsinki, Andrius Sytas, Vilnius, Beijing

STOCKHOLM/HELSINKI, Oct 17 (Reuters) - A Baltic Sea telecom cable connecting Sweden and Estonia was damaged at roughly the same time as a Finnish-Estonian pipeline and cable were earlier this month, but remains operational, Sweden's civil defence minister said on Tuesday. The damage to the Swedish-Estonian cable was sustained outside the territorial waters and exclusive economic zone of Sweden, the country's civil defence minister, Carl-Oskar Bohlin said, and the cable had continued to function since then. VESSELS IN AREAEurope and NATO have become increasingly concerned about the vulnerability of critical infrastructure around and under the Baltic Sea. The latest incidents follow explosions in September 2022 that ruptured the Nord Stream pipelines under the Baltic Sea and cut Europe's supply of Russian gas. Finland said on Oct. 8 that the Balticconnector subsea gas pipeline and a telecommunications cable connecting Finland and Estonia had been damaged in what may have been a deliberate act.

Persons: Carl, Oskar Bohlin, Arelion, Ewa Skoog Haslum, NBI, Atomflot, Ulf Kristersson, Nerijus Adomaitis, Niklas Pollard, Simon Johnson, Marie, Gleb Stolyarov, Andrew Gray, Gwladys, Bill Berkrot, Mark Potter, Jonathan Oatis Organizations: Estonian Economic Affairs, Communications Ministry, NATO, Reuters, National Bureau of Investigation, NewNew Shipping, Sweden's, Joint Expeditionary Force, Marie Mannes, Thomson Locations: STOCKHOLM, HELSINKI, Sweden, Estonia, Finnish, Estonian, Russian, Swedish, Finland, Hiiumaa, NATO, Baltic, Europe, Rosatom, Oslo, Stockholm, Brussels

The Balticconnector gas pipeline was shut early on Sunday on concerns that gas was leaking from a hole in the 77-km (48-mile) pipeline. Finnish operator Gasgrid said it could take months or more to repair. "It is likely that damage to both the gas pipeline and the communication cable is the result of outside activity. The damage to the gas pipeline was believed to have taken place in Finnish waters, while the telecoms cable breach was in Estonian waters, Finnish authorities said. Prices were already up on Tuesday due to fears over tensions in the Middle East but expectations that outside activity caused the pipeline damage pushed prices in the nervous market higher.

Persons: Jens Stoltenberg, Gasgrid, Sauli Niinisto, Petteri Orpo, Orpo, Elisa, Timo Kilpelainen, Terje Solsvik, Anne Kauranen, Anna Ringstrom, Andrius, Marta Frackowiak, Louise Rasmussen, Susanna Twidale, Julia Payne, Bart Meijer, Gwladys Fouche, Susan Fenton, Jonathan Oatis Organizations: Finnish Border Guard, Companies Gas, PM, NATO, Reuters, Finnish, Amber Grid, Thomson Locations: of Finland, Estonian, Finland, Estonia, HELSINKI, Baltic, Finnish, Inkoo, Paldiski, St Petersburg, NORD, Russia, Germany, Latvia, Lithuania, Lithuanian, Ukraine, United States, Latvian, Hamina, Oslo, Helsinki, Stockholm, Andrius Sytas, Vilnius, Gdansk, Copenhagen, London, Brussels

SummaryCompanies Women's rights campaigner serving 12 years' jailPrize likely to anger Iranian governmentNorwegian Nobel committee lauds Iranian protestersIranian news agency notes 'prize from westerners'OSLO, Oct 6 (Reuters) - Iran's imprisoned women's rights advocate Narges Mohammadi won the Nobel Peace Prize on Friday in a rebuke to Tehran's theocratic leaders and boost for anti-government protesters. "We want to give the prize to encourage Narges Mohammadi and the hundreds of thousands of people who have been crying for exactly 'Woman, Life, Freedom' in Iran," she added, referring to the protest movement's main slogan. She is the deputy head of the Defenders of Human Rights Center, a non-governmental organisation led by Shirin Ebadi, the 2003 Nobel Peace Prize laureate. [1/5]Iranian human rights activist and the vice president of the Defenders of Human Rights Center (DHRC) Narges Mohammadi poses in this undated handout picture. Among a stream of tributes from major global bodies, the U.N. human rights office said the Nobel award highlighted the bravery of Iranian women.

Persons: Narges Mohammadi, Berit Reiss, Andersen, Narges, Fars, Mohammadi, Shirin Ebadi, Maria Ressa, Russia's Dmitry Muratov, embolden Narges, Taghi Rahmani, Alfred Nobel, Martin Luther King, Nelson Mandela, Mohammadi's, Mahsa, We've, Elizabeth Throssell, They've, Hamidreza Mohammed, Dan Smith, Gwladys Fouche, Nerijus Adomaitis, Terje Solsvik, Tom Little, John Davison, Anthony Paone, Charlotte Van Campenhout, Gabrielle Tetrault, Farber, Cecile Mantovani, Andrew Cawthorne, William Maclean Organizations: Norwegian Nobel, Reuters, Defenders, of Human Rights, Philippines, REUTERS, New York Times, NRK, Stockholm International Peace Research Institute, Thomson Locations: Norwegian, OSLO, Iran, Tehran, Evin, Paris, Oslo, Iranian, Stockholm, Parisa, Dubai, Baghdad, Brussels, Geneva

☆ Two groups, including Apollo, bidding for SAS airline -Aftenposten
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

[1/3] SAS Link's Embraer E195 aircraft lands at Kastrup Airport, as pilots of Scandinavian Airlines go on strike, in Kastrup, Denmark July 4, 2022. TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsOSLO, Sept 29 (Reuters) - Two groups of investors, including U.S. private equity group Apollo Global Management (APO.N), are bidding for Scandinavian airline SAS (SAS.ST), Norwegian daily Aftenposten reported on Friday, citing unnamed sources. It was not immediately clear who was leading the second group of investors, the newspaper added. Sources told Reuters in early May that Apollo hoped to take a majority stake in the Nordic airline. SAS had said that any bids in an equity fundraising would need to include the Danish state, which currently has a 22% stake.

Persons: Johan Nilsson, Apollo, Nerijus Adomaitis, Terje Solsvik, Nick Zieminski Organizations: SAS, Embraer, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Apollo Global Management, Reuters, Nordic, Thomson Locations: Kastrup, Denmark, Rights OSLO, United States, Danish

☆ Q+A What is known about the Nord Stream gas pipeline explosions
▼ + stars: | 2023-09-26 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +8 min

This is what we know so far:WHAT ARE NORD STREAM PIPELINES? The multibillion-dollar infrastructure project was built by Russia's Gazprom (GAZP.MM) in two stages - Nord Stream 1 and Nord Stream 2. Gazprom owns 51% of Nord Stream 1, while Germany's E.ON (EONGn.DE) and Wintershall Dea (WINT.UL) have 15.5% each, while French Engie (ENGIE.PA) and Dutch Gasunie (GSUNI.UL) hold 9% each in Nord Stream 1. Nord Stream 2, fully owned by Gazprom and operated by Nord Stream 2 AG, was completed in September 2021 at a cost of $11 billion, but was never put into operation because Germany had cancelled Nord Stream 2's certification days before Russia's invasion of Ukraine on Feb. 24, 2022. The Nord Stream pipelines have been a flashpoint in an energy dispute between Europe and Moscow since Russia's invasion of Ukraine.

Persons: Pipes, Fabian Bimmer, Wintershall, OMV, Peter Frank, Die, Seymour Hersh, Mats Ljungqvist, Der Spiegel, Der Siegel, BfV, Nerijus Adomaitis, Christoph Steitz, Nina Chestney, Ros Russell Organizations: REUTERS, Rights, Gazprom, Nord, E.ON, Shell, . Security, WHO, Washington Post, Die Welt, . Security Council, Reuters, Street, ZDF, Kyiv, CIA, NDR, WDR, German Federal Intelligence Service, Thomson Locations: Baltic, Mukran, Germany, Rights OSLO, Russia, Swedish, Bornholm, Sweden, Denmark, Nord, Ukraine, Uniper, Washington, NATO, Moscow, Kaliningrad, Russian, Britain ., U.S, Norway, China, Brazil, Rostock, Wiek, Rugen, Danish, Christianso, Kolobrzeg, Poland, Europe, United States, Oslo, Frankfurt

Former Wagner commander Andrei Medvedev is pictured in court with his lawyer Brynjulf Risnes (not pictured), in Oslo, Norway April 25, 2023. Andrei Medvedev, who escaped Russia in January via its Arctic border with Norway, has described running as Russian guards fired shots at him. Police said in a statement late on Friday that a man in his 20s had been taken into custody for attempting to illegally cross the Russian border, but did not name him. It was never his intention to cross the border (into Russia)," Risnes said. Risnes said Medvedev had the right to return to Russia if he wanted to, but that "a lot of changes need to happen" in order to make a safe return.

Persons: Wagner, Andrei Medvedev, Brynjulf Risnes, Gwladys, Risnes, Medvedev, Yevgeny Prigozhin, Gwladys Fouche, Nerijus, Terje Solsvik Organizations: REUTERS, Rights, Police, Reuters, Russia, YouTube, Thomson Locations: Oslo, Norway, Rights OSLO, Russia, Ukraine, Russian, Finnmark, Norwegian, Moscow

Norway could become the first nation to make deep sea mining happen on a commercial scale if the country's parliament approves a plan to open ocean an area larger than the United Kingdom to the new industry. The mining could provide a source for such metals as copper and rare earth elements for the transition away from fossil fuels. He did not say whether SV would make support for the government's budget conditional on the issue. Still, Haltbrekken said deep sea mining was "high on our agenda" and "an important issue for us". In 2021, SV blocked the government's plans to conduct oil and gas exploration licensing round in frontier areas.

Persons: Lars Haltbrekken, Haltbrekken, SV, Victoria Klesty, Nerijus, Gwladys Fouche, Timothy Gardner Organizations: Reuters, NOAA, of Ocean Exploration, REUTERS, Rights, Labour, Centre Party, Socialist Left, SV, Conservative, Progress Party, Thomson Locations: Rights OSLO, Norway, United Kingdom

☆ Factbox: US offshore wind projects facing inflation headwinds
▼ + stars: | 2023-09-11 | by ( ) www.reuters.com time to read: +10 min

One megawatt (MW) can power about 1,000 U.S. homes but since wind is an intermittent resource - 1 MW of offshore wind can power about 500 U.S. homes, according to offshore wind developers. SOUTH FORKDenmark's Orsted (ORSTED.CO), the world's largest offshore wind power developer, is building the 132-MW project off Rhode Island and Massachusetts. COMMONWEALTH WINDThe 1,232-MW project off Massachusetts, which was formerly a part of the larger New England Wind project, is also facing potential delays. ATLANTIC SHORES OFFSHORE WIND SOUTHThe joint venture between Shell and French EDF is developing a large offshore wind park off New Jersey. MARWINMaryland's first offshore wind project is expected to start operations in 2025-2026.

Persons: Joe Biden, Kevin Lamarque, Joe Biden's, GW, Lazard, Vineyard, Orsted, Eversource, NYSERDA, Norway's Equinor, Avangrid, MARWIN, Nerijus Adomaitis, Nichola Groom, Scott DiSavino, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S, U.S . Department of Energy, Reuters, Washington , D.C, U.S . Energy Information Administration, Avangrid, Copenhagen Infrastructure Partners, Public Service Enterprise, Orsted, Eversource Energy, Rhode Island Energy, Dominion Energy, Virginia Beach, Dominion, NYSERDA, COMMONWEALTH, Shell, EDF, US, Italy's Renexia SpA, US Wind, Thomson Locations: Washington , U.S, U.S, New England, New York, Pennsylvania, Washington ,, Spanish, Copenhagen, Rhode Island and Massachusetts, New Jersey, Rhode, Connecticut, Orsted, VIRGINIA, Virginia, York, Long, Montauk, Massachusetts, French, ATLANTIC, Atlantic Shores, Italy's Renexia, Maryland

However, as government policies started to line up in the industry's favor in recent years, offshore wind developers unveiled a host of new project proposals, mostly off the U.S. East Coast. Many contracts for offshore wind projects have no mechanism for adjustment in the case of higher interest rates or costs. In New York, offshore wind developers also sought to boost the price of power produced at their projects. Norway's Equinor EQNR.OL and its partner BP (BP.L) are seeking a 54% increase for the power produced at three planned offshore wind farms - Empire Wind 1 and 2 and Beacon Wind. But the offshore wind industry is not fully satisfied.

Persons: Joe Biden, Kevin Lamarque, Eli Rubin, Rubin, Equinor, France's, Scott DiSavino, Nerijus, Nichola Groom, Simon Webb, Marguerita Choy Organizations: Federal, State, White, REUTERS, U.S ., Dominion, EBW Analytics, Reuters, U.S . Federal Reserve, Commonwealth, BP, Nichola, Thomson Locations: Washington , U.S, U.S, Europe, U.S . East Coast, Rhode, Virginia, Massachusetts, New York, Oslo, Culver City

☆ Iceland resumes fin whale hunting, but killing needs to be faster
▼ + stars: | 2023-08-31 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Sigtryggur Johannsson/File Photo Acquire Licensing RightsOSLO, Aug 31 (Reuters) - Iceland's government said on Thursday it will resume hunting fin whales after a two-month halt, but with new guidelines aimed at killing them as quickly as possible to reduce suffering. Iceland resumed hunting fin whales, which can reach lengths of over 20 metres (65 feet), in 2006 after a 20-year pause. Although several are still endangered or even on the brink of extinction, Iceland, along with Norway and Japan, have resumed commercial whaling. The hunting will be resumed after a government working group concluded that it was possible to improve the hunting methods. Iceland's public broadcaster said whale hunters would be required to complete a course in whale biology, pain perception and stress.

Persons: Sigtryggur, Nerijus, Sandra Maler Organizations: REUTERS, Rights, International Whaling Commission, Ministry of Food, Agriculture, Fisheries, Thomson Locations: Reykjavik, Rights OSLO, Iceland, Norway, Japan

[1/2] Norwegian Air Force F-16 fighters (front) and Italian Air Force Eurofighter Typhoon fighters patrol over the Baltics during a NATO air policing mission from Zokniai air base near Siauliai, Lithuania, May 20, 2015. REUTERS/Ints Kalnins/File Photo Acquire Licensing RightsOSLO, Aug 24 (Reuters) - Norway will donate U.S.-made F-16 combat aircraft to Ukraine, the Norwegian prime minister announced during a visit to Kyiv on Thursday, joining an effort led by the Netherlands and Denmark. F-16s have been on Ukraine's wish list for a long time because of their destructive power and global availability. "We are planning to donate Norwegian F-16 fighter jets to Ukraine, and will provide further details about the donation, numbers and time frame for delivery, in due course," Norway's Prime Minister Jonas Gahr Stoere said in a statement. "The donation of these F-16 jets will significantly strengthen Ukraine's military capabilities," Norway's Defence Minister Bjoern Arild Gram said in the statement.

Persons: Ints, Jonas Gahr Stoere, Stoere, Volodymyr Zelenskiy, Bjoern Arild Gram, Terje Solsvik, Nora Buli, Mark Heinrich, Jonathan Oatis Organizations: Norwegian Air Force, Italian Air Force Eurofighter, NATO, REUTERS, Rights, U.S, Norway's, Romania, U.S . Air Force, Thomson Locations: Siauliai, Lithuania, Rights OSLO, Norway, Ukraine, Norwegian, Kyiv, Netherlands, Denmark

☆ Norwegian mass killer Breivik sues the state for "extreme" isolation -lawyer
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

NTB Scanpix/Lise Aaserud via REUTERS/File Photo Acquire Licensing RightsOSLO, Aug 18 (Reuters) - Norwegian mass killer Anders Behring Breivik is suing the state for allegedly violating his human rights due to his being held in "extreme" isolation, and has filed another application for parole, his lawyer said on Friday. Breivik, now 44, is serving Norway's longest sentence, 21 years, which can be extended if he is still considered a threat. "He's suing the state because he has been in an extreme isolation for 11 years, and has no contacts with other people except his guards," Breivik's lawyer Oeystein Storrvik told Reuters. In 2017, Breivik lost a human rights case when an appeals court overturned a lower court verdict that his near-isolation in a three-room cell was inhuman. Last year, a Norwegian court also rejected his parole application, saying he still posed a risk of violence.

Persons: Anders Behring Breivik, NTB Scanpix, Lise Aaserud, Breivik, He's, Oeystein Storrvik, Storrvik, Nerijus Adomaitis, Mark Potter, Angus MacSwan Organizations: Appeal, REUTERS, Rights, Reuters, Thomson Locations: Borgarting, Telemark, Skien, Norway, Rights OSLO, Oslo

☆ Britain warns of possible attacks in Denmark
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Tom Little/File Photo Acquire Licensing RightsAug 18 (Reuters) - Britain on Friday asked its citizens to be vigilant when travelling to Denmark due to possible attacks, following Koran burnings by anti-Islam activists in Denmark and Sweden that have outraged Muslims. Britain and the U.S. government have previously warned of possible attacks in neighbouring Sweden, which raised its terrorism alert to the second highest level on Thursday. "Terrorists are likely to try to carry out attacks in Denmark. Attacks could be indiscriminate, including in places frequented by foreigners," the British foreign ministry warned in an updated travel advice. The authorities in Denmark have successfully disrupted a number of planned attacks and made a number of arrests, it added.

Persons: Tom Little, Sweden's, Nerijus Adomaitis, Frances Kerry Organizations: REUTERS, U.S, Thomson Locations: Danish, Copenhagen, Denmark, Britain, Sweden, Oslo

☆ Norway wealth fund posts $143 bln profit as AI surge lifts tech
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsARENDAL, Norway, Aug 15 (Reuters) - Norway's wealth fund, the world's largest single stock market investor, posted a profit of 1,501 billion crowns ($143 billion) in the first half of the year, driven by strong equity markets and a weak crown currency, the fund said on Tuesday. "The fund's equity investments had a strong first half after a weak 2022. The $1.4 trillion fund, which invests the Norwegian state's revenues from oil and gas production, owns on average 1.5% of all listed stocks worldwide. ($1 = 10.5224 Norwegian crowns)Reuters GraphicsReporting by Gwladys Fouche; writing by Nerijus Adomaitis; editing by Niklas PollardOur Standards: The Thomson Reuters Trust Principles.

Persons: Gwladys, Gwladys Fouche, Nerijus, Niklas Pollard Organizations: REUTERS, Rights, Equity, Technology, Thomson Locations: Norwegian, Oslo, Norway, Rights ARENDAL

[1/2] Storelv river flows through Hoenefoss Center as the extreme weather "Hans" is expected to cause significant water damage in the coming days, in Hoenefoss, Norway, August 9, 2023. NORWAY OUT. Strong winds, intense rain and landslides hit the Nordic region earlier this week, knocking out power lines and bringing public transport to a standstill. According to the institute, data shows that precipitation in Norway has increased by around 18% over the last 100 years, with the biggest rise taking place in the last 30-40 years. Jana Sillmann, a research director at the Oslo-based Centre for International Climate Research, said extreme weather events, such as the torrential rain seen this week, will be more frequent as the climate warms.

Persons: NTB, Annika Byrde, Read, Ingvild Villa, Jana Sillmann, heatwaves, El, Sillmann, Terje Solsvik, Christina Fincher Organizations: Center, Norwegian Meteorological Institute, International Climate Research, UN, El Nino, Thomson Locations: Hoenefoss, Norway, NORWAY, OSLO, Oslo, Sweden, Nordic

It also defies protests from a minority of activist investors who want oil companies to be more closely aligned with global efforts to mitigate climate change. An oil and gas price rally driven by energy producer Russia's invasion of Ukraine translated into record profits for the energy majors. That has increased confidence in the most costly, high-risk offshore exploration that can also deliver the highest rewards. Wood Mackenzie analysts predict a continued increase in activity, forecasting offshore exploration and drilling activity to grow by 20% by 2025. Wood Mackenzie meanwhile predicts the commitment of up to $185 billion to develop 27 billion barrels of oil reserves, with international oil companies focused on the higher-cost, higher-return deepwater developments.

Persons: Olivier Le Peuch, Baker Hughes, Wood Mackenzie, Leslie Cook, TotalEnergies, Yujnovich, QatarEnergy, Shell, Graff, La Rona, Ron Bousso, Barbara Lewis Organizations: Shell, BP, SLB, Reuters, International Energy Agency, Barclays, West Africa –, Nambia's Petroleum, Thomson Locations: Namibia, Ukraine, Gulf of Mexico, South America, West Africa, NAMIBIA, Canada

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