Oil & gas deposits bring focus on Norwegian town Kirkenes

One of the upcoming cities of Norway is Kirkenes as it sees rise in oil and gas resources. Situated on the border of Norway, the town is becoming the home town to some top oil and gas companies. The city shares its northern border with Russia, and this helps in trade and exports. Kirkenes treats […]

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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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