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☆ Factbox: Tanks for Ukraine: who is lining up to send them?
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +3 min

Jan 25 (Reuters) - Germany has approved sending tanks to Ukraine, after Britain said it would send Challenger 2 tanks and Poland pushed for Berlin's approval to send German-built Leopard 2 tanks. Ukraine has until recently faced resistance to its requests for main battle tanks to fight against invading Russian forces. It said it would send an initial company of 14 tanks. NORWAYThe Norwegian government is considering whether to send some of its Leopard tanks, newspapers reported. THE NETHERLANDSDutch Prime Minister Mark Rutte said the Netherlands was prepared to deliver battle tanks to Ukraine if needed.

☆ Factbox: European companies cut jobs as economy sputters
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Stephane MaheJan 17 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. * HUSQVARNA (HUSQb.ST): the garden equipment and tools maker announced in late October it will cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * SIEMENS GAMESA (SGREN.MC): the Spanish wind turbine maker in late September said it plans to cut 2,900 jobs, mostly in Europe, as part of a plan to return to profitability. * CLAS OHLSON (CLASb.ST): the Swedish hardware store chain said in December it would cut about 85 full-time jobs amongst other measures to deliver cost savings and reduced depreciation. BANKS AND FINANCIALS* KLARNA: Dagens Industri reported in May the Swedish payments company would lay off about 10% of its 7,000 employees.

☆ Factbox: FACTBOX European companies cut jobs as economy sputters
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Evgenia NovozheninaDec 7 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. * FINNAIR (FIA1S.HE): the Finnish airline will cut about 150 jobs, of which 90 are in its home country, as part of a plan to return to profitability. * MICHELIN (MICP.PA): the tyre maker plans to cut up to 1,600 jobs in France, fewer than the 2,300 estimated in its initial voluntary redundancy plan as it seeks to safeguard production. * HUSQVARNA (HUSQb.ST): the garden equipment and tools maker will cut 1,000 jobs, the vast majority of them related to the shift from petrol to battery-powered tools. * H&M (HMb.ST): the Swedish fashion giant, which employs roughly 155,000 people, will cut some 1,500 jobs as part of a 2 billion crown ($189.5 million) savings drive.

☆ Factbox: European companies cuts jobs as economy sputters
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: +4 min

☆ Norway to fund Ukraine gas procurement with $195 mln aid
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

OSLO, Nov 21 (Reuters) - The Norwegian government on Monday said it had agreed to assist Ukraine with gas procurement for the coming winter, providing funding amounting to 2 billion Norwegian crowns ($195 million). The funds, part of a previously announced aid package of 10 billion crowns, will go via the European Bank for Reconstruction and Development (EBRD). "It is important to channel the support through an established, internationally recognised organisation, which will ensure effective and transparent use of the funding," Norway's Minister of Finance Trygve Slagsvold Vedum said in a statement. ($1 = 10.2652 Norwegian crowns)Reporting by Terje Solsvik, editing by Stine JacobsenOur Standards: The Thomson Reuters Trust Principles.

☆ Equinor, partners delay development of northernmost Arctic oilfield
▼ + stars: | 2022-11-10 | by ( Nerijus Adomaitis | ) www.reuters.com time to read: +2 min

OSLO, Nov 10 (Reuters) - Norway's Equinor (EQNR.OL) and partners are delaying the development of what could have been the world's northernmost Arctic oilfield in production, citing rising costs and supply industry capacity constraints, the oil major said on Thursday. Equinor was now aiming for an investment decision on the Wisting oilfield in the offshore Arctic by the end of 2026 instead of December this year, it said. Wisting would have been the fourth hydrocarbon field in production in the Norwegian Arctic. The Norwegian Environment Agency said this year Equinor had failed to show it was safe to produce oil from Wisting, all year-around in harsh Arctic conditions. Equinor and partners say they could have developed Wisting in an environmentally safe way.

[1/2] Venezuela's President Nicolas Maduro speaks at the meeting with Colombia's President Gustavo Petro (not pictured) at Miraflores Palace, in Caracas, Venezuela November 1, 2022. "We are working on resuming the dialogue process in November," said one of the people familiar with the arrangements. Maduro and Colombia President Gustavo Petro said in a joint statement on Tuesday they hoped for "a successful return" to the dialogues. This makes resumption of talks crucial for the opposition coalition, which has been diminished by exile, imprisonment of leaders, internal fractures and lack of funds. The talks were abandoned by Maduro's envoys a year ago after disagreements over the extradition of an ally of the Venezuelan president who faces money laundering charges.

☆ Carbon-Capture Projects Are Taking Off. Here’s How They Stash the Greenhouse Gas.
▼ + stars: | 2022-10-28 | by ( Eric Niiler | ) www.wsj.com time to read: 1 min

Sixty-five miles off the coastal Norwegian city of Bergen, a drilling rig is punching through layers of mud and rock below the North Sea. The energy firms behind the rig aren’t prospecting for oil or gas. They are searching for a place to stash vast amounts of the greenhouse gases emitted by industrial facilities across Europe. The Northern Lights project—a $2.6 billion joint venture of Shell PLC , TotalEnergies SE, Equinor ASA and the Norwegian government—is one of almost 200 carbon-sequestration projects now in operation or in development around the world, according to the Global CCS Institute, a think tank that promotes carbon capture. When completed in 2024, Northern Lights will be the world’s biggest effort to sequester, or store, carbon dioxide underground.

Equinor's previous earnings record amounted to a profit before tax of $18 billion and was set in the first quarter. Equinor has said it sells most of its gas output on a day-ahead or month-ahead price basis. "Of course, the (gas) prices in Europe are very high. The European Union has said it plans to coordinate some of its gas purchases in the hope of bringing down prices. "We will cooperate with those buying institutions planned in the EU and negotiate gas prices in the future," Opedal said.

OSLO, Oct 25 (Reuters) - Norwegian police on Monday arrested a suspected Russian spy in the Arctic town of Tromsoe, the PST security service said on Tuesday, describing him as a rare illegal agent. The man represents a "threat to fundamental national interests" and should be expelled from Norway, deputy PST chief Hedvig Moe told Reuters, describing him as an "illegal agent". An illegal agent is an intelligence operative without official government links who assumes a covert persona, often using a real, dead person's identity. The suspect was involved in a research group that worked with Norwegian government agencies on "hybrid threats" linked to "Arctic Norway", Moe said. NATO-member Norway borders Russia in the Arctic and has ramped up security in the wake of Moscow's February invasion of Ukraine.

☆ Norway to deploy military to protect its oil and gas installations
▼ + stars: | 2022-09-28 | by ( Nora Buli | ) www.reuters.com time to read: +3 min

OSLO, Sept 28 (Reuters) - Norway will deploy its military to protect its oil and gas installations against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked, the prime minister said on Wednesday. Norway is now Europe's largest gas supplier and a leading global oil supplier. It has over 90 offshore oil and gas fields, most of which are connected to a network of gas pipelines stretching some 9,000 km (5,590 miles). Register now for FREE unlimited access to Reuters.com Register"The military will be more visible at Norwegian oil and gas installations," Prime Minister Jonas Gahr Stoere told a news conference. At sea, the Navy would be deployed to protect offshore installations, while on land, police could increase presence at facilities, he said.

☆ Norway's $1.2 trillion fund sets 2050 net zero target
▼ + stars: | 2022-09-20 | by ( ) edition.cnn.com time to read: +1 min

Oslo Norway's $1.2 trillion wealth fund, the world's largest, said on Tuesday it would decarbonise its holdings by pushing firms to cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement. The fund invests the petroleum revenues from Western Europe's biggest oil and gas producer for future generations in stocks, bonds, property and renewable projects abroad. "Our long-term return will completely depend on how the companies in our portfolio manage the transition to a zero emissions society," Chief Executive Nicolai Tangen of Norges Bank Investment Management said in a statement. Tuesday's plan follows a proposal made in April by the Norwegian government, which said the fund should push the 9,300 companies it invests in to cut their emissions to nil by 2050. "We will engage the companies to reach this target by setting credible preliminary targets and creating plans to reduce their direct and indirect emissions of greenhouse gases," Chief Governance and Compliance Officer Carine Smith Ihenacho said.

☆ Norway's $1.2 trillion wealth fund sets 2050 net zero target
▼ + stars: | 2022-09-20 | by ( ) edition.cnn.com time to read: +1 min

Norway’s $1.2 trillion wealth fund, the world’s largest, said on Tuesday it would decarbonise its holdings by pushing firms to cut their greenhouse gas emissions to nil by 2050, in line with the Paris Agreement. The fund invests the petroleum revenues from Western Europe’s biggest oil and gas producer for future generations in stocks, bonds, property and renewable projects abroad. The fund owns on average owns 1.3% of all listed global stocks and its size is equivalent to $219,000 for every Norwegian man, woman and child. The fund published its first expectations on how companies should address climate change more than a decade ago. It tracks climate-related risks, defined as the impact climate change may have on the assets the fund invests in, but also the opportunities that could arise for individual firms successfully adapting to it.

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