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The comments at the CERAWeek energy conference in Houston show the industry remains on edge after weathering the initial aftermath of one of the biggest shocks to global energy flows in recent memory. On Feb.5, the G7 and allies also implemented a price cap on Russian fuel sales. On Tuesday, the Kremlin said it did not recognize the price cap. A STABLE OIL MARKET? China's oil demand will grow 500,000 to 600,000 barrels per day in 2023, OPEC's Al Ghais said, while global oil demand growth is expected to grow 2.3 million barrels per day in 2023.

Equinor became Europe's top natural gas supplier last year after exports from Russia were mostly choked off following Moscow's invasion of Ukraine. Europe cut demand, increased domestic output and imported liquefied natural gas (LNG) at huge cost in response to the drop in Russian gas supplies, which accounted for around half of the region's supply in 2021. "Trying to replace 150 billion cubic metres of (Russian) gas is a massive task. "The weather in Asia can set the gas price in Europe," Opedal said. Equinor produced over 2 million barrels of oil equivalent of oil and gas in 2022, when it reported a record adjusted operating profit of $75 billion on the back of soaring oil and gas prices.

☆ Defending champions Fritz, Swiatek headline Indian Wells main draw
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +2 min

Facing a depleted men's field, Fritz could run into Denmark's Holger Rune in the quarter-final. Seventh-seed Rune also won his first masters title last year when he outlasted 22-times major winner Novak Djokovic in Paris. On the women's side, Swiatek looks as though she could have little trouble collecting a second straight title in the southern California desert after cruising to victory a year ago amid a blockbuster unbeaten streak. She has the chance to exact a little bit of revenge against potential fourth-round foe Barbora Krejcikova, after the 2021 French Open winner ended her 13-match winning streak in Dubai last month. Reporting by Amy Tennery in New York; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ Hydrogen company Nel raises $155 mln from share sale
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

Companies Nel ASA FollowCOPENHAGEN, March 7 (Reuters) - Norwegian hydrogen company Nel (NEL.OL) late on Monday said it had raised 1.61 billion Norwegian crowns ($154.70 million) through a private placement of 108 million new shares at 14.90 crowns per share, a 9% discount to the stock's closing in Oslo. Nel intends to use the net proceeds from the private placement to partially finance the expansion of its Heroeya plant or to begin construction of a new U.S. factory, the company said in a statement. "Normally the share price after an equity issue will reflect to a certain extent the pricing in the private placement," ABG Sundal Collier analyst Haakon Amundsen said. Nel on Tuesday said it was offering to sell an additional 10 million shares to owners who were not part of Monday's share sale. ($1 = 10.4005 Norwegian crowns)Reporting by Louise Breusch Rasmussen, editing by Terje SolsvikOur Standards: The Thomson Reuters Trust Principles.

☆ Beware these stocks with high leverage as a potential recession looms, Wolfe Research says
▼ + stars: | 2023-03-07 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Concerns of an impending recession have become paramount in corporate America after the Federal Reserve began raising interest rates in a bid to cool inflation. Given this environment, Senyek screened for stocks that could be most vulnerable as interest rates rise and the economy slows. Norwegian Cruise Line also made the list, but for its estimated floating debt rate. TransUnion also raised a red flag for its 98% estimated floating debt rate. Despite the floating debt rate and lackluster earnings forecast, others are still optimistic about the credit reporting agency.

☆ Equinor aims to restart Norway methanol plant in about four weeks
▼ + stars: | 2023-03-07 | by ( ) www.reuters.com time to read: +1 min

Companies Equinor ASA FollowConocophillips FollowOSLO, March 7 (Reuters) - Equinor (EQNR.OL) aims to restart Europe's largest methanol plant at Tjeldbergodden in about four weeks, a spokesperson for the Norwegian company said on Tuesday. Equinor shut the plant on Norway's west coast in February to install a mercury removal unit. "We are planning for a safe (production) start-up... We expect this to take around four weeks from now," said a spokesperson. Tjeldbergodden has an annual methanol production capacity of around 900,000 tonnes, accounting for about a quarter of Europe's total, according to Equinor. Equinor has 82.01% stake in the plant and ConocoPhillips (COP.N) owns the remaining 17.99%.

☆ Why the West hasn’t gone after Russian nuclear energy
▼ + stars: | 2023-03-06 | by ( Clare Sebastian | ) edition.cnn.com time to read: +5 min

Russia’s state-owned nuclear energy monopoly Rosatom, which exports and enriches uranium as well as builds nuclear power stations around the world, has been in control of Europe’s largest nuclear plant in Ukraine’s Zaporizhzhia region since Russian forces seized it a year ago. Experts say Rosatom remains protected by the vital role it plays in global nuclear power, and the fact it can’t easily be replaced. In 2021, the United States relied on the Russian nuclear monopoly for 14% of the uranium that powered its nuclear reactors. The Akkuyu nuclear power plant as its construction continues in November 2022 Serkan Avci/Anadolu Agency/Getty ImagesSuch dependency can trump other considerations. It is also one of only several EU countries that rely on nuclear energy for more than 40% of their electricity and it has a long-term financing deal with Rosatom to build a nuclear power plant.

☆ Cruise ships have named celebrity 'godmothers' including Oprah Winfrey, Queen Elizabeth, and Nicole Scherzinger. Here's what the role involves.
▼ + stars: | 2023-03-05 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

Being a cruise ship godmother is a long-standing tradition. Here's where a cruise ship's godmother is and what the role includes. A cruise ship godmother is a long-standing tradition. Several cruise companies, including Norwegian, have a mixture of ship godmothers and godfathers. Naming a cruise ship godmother is also a marketing initiative, celebrities sponsoring ships brings more publicity and build excitement for the launch of a new ship.

☆ Shiffrin claims fifth overall World Cup title
▼ + stars: | 2023-03-04 | by ( ) www.reuters.com time to read: +2 min

March 4 (Reuters) - Mikaela Shiffrin secured her fifth overall women's World Cup title when she took fifth place in the downhill in Kvitfjell, Norway, on Saturday, but her wait for a record-equalling 86th World Cup win continues. Shiffrin, who won three consecutive overall World Cup titles from 2017-19 as well as one in 2022, is now one shy of the women's record held by Austrian Annemarie Moser-Proell, winner from 1971-75 and in 1979. Shiffrin is also one race win away from equalling Swedish men's slalom great Ingemar Stenmark's decades-old record of 86 World Cup victories. She broke the women's record of 82 World Cup wins in January. Home favourite Kajsa Vickhoff Lie won the race, becoming the first-ever Norwegian woman to win a World Cup downhill.

☆ Stocks making the biggest moves midday: Apple, Meta, Costco, Marvell, C3.ai and more
▼ + stars: | 2023-03-03 | by ( Hakyung Kim | ) www.cnbc.com time to read: +5 min

Costco Wholesale — The retailer's shares dropped 3.4% after the company's fiscal second-quarter earnings missed analysts' expectations. Marvell Technology — The chip stock lost 7.3% after Marvell Technology reported mixed quarterly results and provided weak guidance. The move comes after Bumble announced it would price a secondary offering of 13.75 million shares of its common stock at $22.80 per share. The company earned an adjusted 37 cents per share, above the 29 cents expected by analysts, according to Refinitiv. The company posted a loss of 6 cents per share, compared to Refinitiv analysts' estimates for a 22 cent loss.

☆ Battery start-up Freyr accelerates U.S. plans on IRA support
▼ + stars: | 2023-03-01 | by ( Nora Buli | ) www.reuters.com time to read: +2 min

OSLO, March 1 (Reuters) - New York-listed Norwegian battery start-up Freyr is accelerating investment in a U.S. plant to benefit from Inflation Reduction Act (IRA) tax credits, its chief executive told Reuters this week. Of the two large battery plants Freyr is currently building, plans for Giga America, in the state of Georgia, were previously anticipated to be 10-12 months behind those of Giga Arctic, in northern Norway. Tax credits offered through the IRA meant that Freyr would receive $37 million per gigawatt hour (GWh) of capacity installed in the United States, he added. The IRA also offers investment tax credits for energy storage projects, he said. A first, smaller customer qualification site in Norway will start production on March 28, but commercial operations are scheduled for 2024.

☆ Nestlé to close operations in Myanmar
▼ + stars: | 2023-03-01 | by ( Heather Chen | ) edition.cnn.com time to read: +2 min

CNN —Nestlé has announced that it will close its sole factory and head office in Yangon, Myanmar’s largest city, as it switches to a more “sustainable” business model amid ongoing turmoil in the country. Myanmar has been rocked by violence and instability since 2021 when a military coup ousted democratically elected leader Aung San Suu Kyi and her government. “We will do all we can to support everyone affected by this decision,” a Nestlé spokesperson told CNN Tuesday in a statement. Total (TOT) started operating the offshore Yadana gas field in Myanmar in 1992, and was the biggest shareholder in the project. “Nestlé started distributing our products in Myanmar in 1991 and expanded our presence in the country,” the spokesperson said.

[1/3] Greta Thunberg is carried away as activits demonstrate outside the Ministry of Finance entrance and several other ministries in protest that the wind turbines at Fosen, which the Supreme Court has said are illegal, have not been demolished. Alf Simensen/NTB/via REUTERSOSLO, March 1 (Reuters) - Norwegian police on Wednesday briefly detained environmental campaigner Greta Thunberg during a demonstration in Oslo, removing her and other activists from the finance ministry. The campaigners are demanding the removal of wind turbines from reindeer pastures on Sami Indigenous land in central Norway. Thunberg, holding a red, blue, yellow and green Sami flag, was lifted and carried away by police officers while hundreds of demonstrators chanted slogans. Activists on Tuesday said they had raised close to $100,000 in recent days to help individual demonstrators pay police fines.

☆ Norway's Equinor nears deal to buy Suncor's UK oilfields
▼ + stars: | 2023-03-01 | by ( Ron Bousso | ) www.reuters.com time to read: +2 min

LONDON, March 1 (Reuters) - Norway's Equinor (EQNR.OL) is close to reaching a deal to buy Suncor Energy's (SU.TO) British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday. The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project, located some 130 km (80 miles) northwest of Shetland Islands, and one of the largest developments in the ageing basin. Equinor, which already owns 40% of Rosebank, had previously estimated the project's cost at about 4.3 billion pounds ($5.22 billion). The windfall tax led many companies, including Equinor, to warn that they could reduce their UK North Sea investments. The acquisition of the Suncor assets gives Equinor a large amount of tax losses that it could use to offset future investments in the basin, the sources said.

☆ Norwegian Cruise Line says wealthy customers are still splashing out on cruise trips despite the sluggish economy
▼ + stars: | 2023-03-01 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The parent company of Norwegian Cruise Line says passengers are still splurging on luxury trips. There's no indication that consumers are "shying away from taking cruise vacations," its CEO said. "We simply haven't seen any indication that the consumer is shying away from taking cruise vacations," Frank del Rio, the CEO of Norwegian Cruise Line Holdings, said at its earnings call Tuesday. The Miami-based company owns Norwegian Cruise Line, Regent Seven Seas, and Oceania, which currently have 29 ships between them. Del Rio said that Norwegian Cruise Line reported record sales in November, in part because of Black Friday and Cyber Monday sales.

☆ Norwegian Cruise sees weak annual profit as fuel, labor costs soar
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +1 min

Feb 28 (Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) on Tuesday forecast full-year profit below Wall Street estimates, as the cruise operator struggles with soaring fuel and labor costs even as travel demand bounces back. Cruise operators like Carnival Corp (CCL.N) and Norwegian Cruise Line Holdings (NCLH.N) have been struggling with rising interest rates, a stronger dollar and soaring food as well as fuel prices due to the conflict in Ukraine. The cruise operator forecast a profit 70 cents per share for 2023, compared with estimates for a profit of $1.06, according to IBES data from Refinitiv. The company forecast a loss of 45 cents per share for the first quarter, compared with estimates for a loss of 33 cents per share. Fourth-quarter revenue rose to $1.52 billion from $487.4 million a year earlier, compared with analysts' average estimate of $1.50 billion.

☆ Norse Atlantic adds new US destinations from UK's Gatwick as demand surges
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Feb 28 (Reuters) - Norway-based airline Norse Atlantic (NORSE.OL) said it will add Los Angeles, San Francisco, Washington, D.C., and Boston to its summer schedule from London Gatwick airport this year, as it seeks to benefit from the post-pandemic boom in travel. Passenger demand for travel has surged over the last 12 months and is expected to recover to pre-pandemic levels on most routes in 2023. Norse said it would fly daily to Los Angeles from Gatwick from June 30 with economy return fares from 430 pounds including taxes. When it adds the new destinations later in the summer, it will serve more U.S. cities than any other airline flying from Gatwick, Britain's second-biggest airport. Gatwick's transatlantic connections suffered during the pandemic following the failure of Norwegian and after Virgin Atlantic stopped flying from Gatwick and focused on its operations at Britain's biggest airport, Heathrow.

☆ Norwegian Cruise 2023 profit forecast falls short; shares slide
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

Feb 28 (Reuters) - Norwegian Cruise Line Holdings Ltd (NCLH.N) forecast for its first annual profit in three years fell short of estimates on Tuesday, as the cruise operator battles soaring fuel and labor costs. Shares fell about 7% in premarket trading after the company's first-quarter loss expectation was bigger than expected. The cruise operator forecast an adjusted profit of 70 cents per share for 2023, compared with estimates of $1.06, according to IBES data from Refinitiv. However, affluent passengers unaffected by high inflation have boosted booking volumes and occupancy rates, helping the company beat fourth-quarter revenue estimates. The "wave season" is the period during January - March where cruise operators offer special deals and discounts for the year to attract customers.

☆ Stocks making the biggest premarket moves: Dish, Target, Zoom, Arconic and more
▼ + stars: | 2023-02-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Check out the companies making the biggest moves in premarket trading:Dish Network — The satellite company's shares fell almost 5% amid its multi-day service outage and double-downgrade from Bank of America. Revenue also beat, but Target's full-year EPS guidance came in below expectations. Arconic — Shares fell 3.5% following a downgrade to sell from neutral by Goldman Sachs. Full-year revenue guidance came in lighter than expected, but its earnings guidance topped estimates. Workday — The human resources software fell 2.4% after its revenue guidance for the first quarter came in lighter than expected.

☆ Stocks making the biggest moves midday: Norwegian Cruise Line, Target, Advance Auto Parts and more
▼ + stars: | 2023-02-28 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Hims & Hers Health — Shares of the telehealth stock soared by 17% after the company reported quarterly results that surpassed estimates. However, Target's full-year earnings guidance came in below expectations. Zoom's full-year revenue guidance came in lighter than expected, but topped estimates on its earnings guidance for 2023. Norwegian Cruise Line Holdings — The cruise company fell 12% after reporting a wider-than-expected loss for the fourth quarter. Analysts surveyed by Refinitiv had forecast an 85 cents per share loss on revenue of $1.5 billion.

☆ Tesla, tech and travel stocks have ginormous gains this year
▼ + stars: | 2023-02-28 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Beaten-up travel stocks have also enjoyed solid gains this year, as investors bet that the worst-case fears of an imminent recession may turn out to be for naught and consumers catch up on missed travel. Some fear this ferocious rebound in consumer and tech stocks may be happening too quickly. “That means there are broader opportunities outside of tech and growth stocks and more in the value and small cap sectors.”Growth stocks, and tech in particular, make more sense as investments if the Fed were set to start slashing interest rates. Add all that up and it could mean that the recent rebound for Tesla, big techs and media firms and other consumer stocks could be short-lived. “Inflation and interest rate uncertainty means we continue to believe value stocks, including the global energy sector, will outperform growth stocks,” Haefele said.

☆ Norwegian Cruise Line shares fall 10% as soft outlook, wider losses eclipse strong demand
▼ + stars: | 2023-02-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Norwegian Cruise Line shares fell more than 10% on Tuesday after the company posted wider losses than expected and offered soft guidance for the year, despite persistent travel demand. The cruise company reported fourth quarter losses of $1.04 per share, more than analysts' estimates of 85 cents. Norwegian is projecting losses of 45 cents per share in the first quarter, 10 cents higher than Wall Street had anticipated. "We've seen very, very strong record – near record booking levels dating back to November," said Del Rio. Royal Caribbean saw its stock jump after posting narrower than expected fourth quarter losses and bookings earlier in February.

☆ Thunberg, other protesters block Norway energy ministry over wind farms
▼ + stars: | 2023-02-27 | by ( ) www.reuters.com time to read: +1 min

The reason for the action is that the wind turbines at Fosen, which the Supreme Court has said are illegal, have not been demolished. NTB/Ole Berg-Rusten via REUTERSOSLO, Feb 27 (Reuters) - Environmental campaigner Greta Thunberg and dozens of other activists on Monday blocked entrances to Norway's energy ministry, protesting against wind turbines built on land traditionally used by indigenous Sami reindeer herders. Norway's supreme court in 2021 ruled that two wind farms built in central Norway violated Sami rights under international conventions, but the turbines remain in operation more than 16 months later. "I am here to support the struggle for human rights and indigenous rights," Thunberg told Reuters while sitting outside the ministry's main entrance with other demonstrators. The government has said the ultimate fate of the wind farms is a complex legal and political quandary despite the supreme court ruling and is hoping to find a compromise.

☆ Stock futures inch higher as Wall Street braces for final trading day of February: Live updates
▼ + stars: | 2023-02-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or 0.10%, while S&P 500 and Nasdaq 100 futures added 0.12% each. Zoom Video surged nearly 8% in overnight trading on strong earnings, while Occidental Petroleum 's stock fell 1% after posting a top-and-bottom line miss. The Dow Jones Industrial average rose 72.17 points or 0.22%, while the S&P 500 and Nasdaq Composite gained 0.31% and 0.63%, respectively. Both the S&P 500 and Nasdaq are positive in 2023, but down 2.3% and 1%, respectively, in February.

☆ A Norwegian guy woke Russian diplomats in Oslo after 2 a.m. with an air raid siren on the anniversary of the invasion of Ukraine
▼ + stars: | 2023-02-27 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

A 73-year-old Norwegian man woke Russian diplomats with an 'air raid siren' late on Friday. His noisy protest in Oslo came on the anniversary of Russia's invasion of Ukraine. He wanted Russians to wake up to the war, he told Norwegian outlet Nettavisen. On Friday night at around 2.30 a.m. local time, Kjetil Krane carried a loudspeaker out to an apartment block known to house workers at Oslo's Russian embassy, Nettavisen reported. In a video shared by Nettavisen, Krane can be seen wearing a T-shirt that says "wake a Russian" in Norwegian as a newly-awoken resident peers out of a window.

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