Norway's Equinor ASA has abandoned plans to explore for oil in the deep waters off Australia's south coast, saying it was not "commercially competitive", following in peers' footsteps in a move hailed as a big win by green campaigners.
Norway has rejected Russian accusations of violating the terms of an international treaty regulating activities on the Arctic archipelago of Svalbard, as a diplomatic spat over Russian operations there escalated.
Norway should reduce its dependence
on income from its sovereign wealth fund and the petroleum
revenue from which it was built, the country's central bank
governor said in his annual address to government and business
leaders on Thursday.
Russia said on Thursday it was alarmed by a trip to a Norwegian outpost in the Arctic by a U.S. Air Force unit and urged Oslo to refrain from what it said were de-stabilizing moves in the strategic region.
Britain's biggest pizza delivery company Domino's Pizza Group said on Thursday it would sell its Norwegian business to existing minority shareholders of the business, kicking off the sale of its loss-making overseas operations.
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