Norway’s Kongsberg teams up with NASA

Kongsberg Satellite Services (KSAT) of Norway is awarded a contract by USA’s National Space and Aeronautical and Space Administration (NASA) to provide ground station services. KSAT will be providing weather satellites to the NASA station. Ground stations of KSAT in Svalbard, Norway and Antarctica will be used to offer services to the Japanese weather satellite […]

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Aker Solutions Acquires Order worth NOK 23 Billion

Aker Solutions, one of the largest suppliers of oilfield products, systems and services for numerous oil, petroleum and gas industries world-wide has got an order worth NOK 23 billion in the second quarter. Company is planning to expand its operation in Middle East and North Africa. It has acquired NPS Energy for USD 460 million. The […]

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Huge Petroleum Deposits Boost Norway’s Economy

Latest reports predict that oil production will reach its peak in 2020. This will amount to worth NOK 800 billion by 2025. Norwegian wants to cash on this huge deposit of petroleum and natural gas resources. This output will reach its peak by 2020. The exports for petroleum, gas and other petroleum products will also increase, and this will have an enormous impact on Norway’s economy. Norwegian economy will reach new high with […]

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Seafood Industry to Reach Record High in Coming Years

Norway is known for its huge reserves of seafood, fresh water, hydropower, petroleum, natural gas, minerals and lumber deposits. Norway is one of the countries with the highest GDP for its exports in these products. Seafood export is the influential factor for Norway’s economy. Seafood is exported to countries like Russia, Sweden, Denmark and other […]

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