Germany and Nordics top global list for parental leave

(Reuters Life!) – Germany and the Nordic countries have topped a list of 21 high-income nations when it comes to generosity of paid parental leave, with Australia and the United States tying in last place.

Researchers associated with the U.S.-based Center for Economic and Policy Research examined the parental leave policies of 21 countries with their study published in the peer-reviewed social science Journal of European Social Policy.

They found Sweden ranked highest for gender equality in parental leave practices, while Germany and Sweden were the most generous with paid parental leave, both offering 47 weeks.

They were followed by Norway offering 44 paid weeks, Greece with 34 weeks, Finland with 32 weeks and Canada with 29 weeks.

Neither the United States nor Australia guarantee any paid parental leave and were tied for the lowest ranking in terms of overall generosity of paid leave.

“The United States (and Australia have) the least generous parental leave policies of all 21 economies compared in this study,” said researcher Janet Gornick.

“We pay a high price for our meager policy, because parental leave improves the health and well-being of children and their parents and paid leaves provide families with crucial economic support at such an important time.”

The study looked at parental leave policies according to three criteria: total time guaranteed for parental leave and whether paid or unpaid, total paid leave, and gender equality of the parental leave such as leave and pay available to fathers.

Gornick said while all 21 countries protected at least one parent’s job for a period, there were great differences across these countries on each of the three criteria.

France and Spain came highest in terms of total guaranteed leave, each giving over 300 weeks, while Switzerland and the United States ranked at the bottom, with 24 and 14 weeks respectively.

Australia and Switzerland ranked near the bottom in terms of both generosity and gender equality of parental leave.

While bottom of the paid leave table, the United States scored better on the gender equality index, coming 10th in the list.

Japan ranked near the bottom of the gender equality index at 19 but came 7th in terms of overall generosity for giving 26 weeks of paid parental leave.

(Reporting by Belinda Goldsmith, Editing by Michael Perry)

Sembcorp Marine says sells $356 mln jack-up rig

July (Reuters) – Sembcorp Marine (SCMN.SI), the world’s second largest offshore rig-builder, said on Monday its subsidiary has signed a contract to sell a jack-up drilling rig worth $356 million to a unit of Norway’s Seadrill Ltd (SDRL.OL).

The harh environment drilling rig, originally ordered by another owner that went into liquidation, would be chartered to Norwegian oil explorer Statoil (STL.OL). (Reporting by Nopporn Wong-Anan; editing by Dhara Ranasinghe)

Statoil says production at Troll field normal

July 6 (Reuters) – Norwegian oil and gas group Statoil (STL.OL) said on Tuesday production at its Troll field in the North Sea was normal.

“There is nothing to report today. It’s normal,” a spokeswoman said.

Gas flows into Britain from Norway’s Langeled gas pipeline fell to 17 million cubic metres (mcm) a day at 0653 GMT on Tuesday, down from around 58 mcm/day overnight, according to National Grid data.

(Reporting by Oslo newsroom)

Gassco says has no limitations in gas network

July 6 (Reuters) – There were no limitations in Gassco’s network for transporting gas from Norway on Tuesday, the pipeline operator said.

“There are no problems in our transportation system,” a spokeswoman said.

Gas flows into Britain from Norway’s Langeled gas pipeline fell to 17 million cubic metres (mcm) a day at 0653 GMT on Tuesday, down from around 58 mcm/day overnight, according to National Grid data.

(Reporting by Oslo newsroom)

Gas flows to UK via Langeled fall to 16 mcm/day

July 6 (Reuters) – Gas flows into Britain from Norway’s Langeled gas pipeline fell to 16 million cubic metres (mcm) a day at 0522 GMT on Tuesday, down from around 58 mcm/day overnight, according to National Grid data.

(Reporting by Oslo newsroom)

Norway c.bank offers two liquidity F-loans

June 22 (Reuters) – Norway’s central bank offered two liquidity loans, called “F-loans”, for June 24-28 and June 24-July 5 to participants in the Norwegian money market.

F-loans are the bank’s main tool for liquidity management.

(Reporting by Oslo newsroom)

RPT-Norway workers, oil firms land wage deal, avert strike

June 17 (Reuters) – Norwegian oil workers reached a wage settlement on Thursday, averting a strike that had threatened production in three North Sea oil and gas fields, the state arbitrator said. “There will be no strike,” Nils Dalseide, arbitrator for Norway’s National Arbitration Tribunal, told Reuters.

Around 400 workers on the Gullfaks B and Gullfaks C fields, which are operated by Statoil (STL.OL), and Shell’s (RDSa.L) Draugen field had planned to strike from Thursday if no agreement was reached with management over pay.

Representatives from three trade unions — Industri Energi, SAFE and Lederne — held arbitration talks over wages overnight, negotiating past a midnight deadline on Wednesday to reach a deal.

Norway workers, oil firms land wage deal, avert strike

June 17 (Reuters) – Norwegian oil workers reached a wage settlement on Thursday, averting a strike that had threatened production in three North Sea oil and gas fields, the state arbitrator said. “There will be no strike,” Nils Dalseide, arbitrator for Norway’s National Arbitration Tribunal, told Reuters.

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Around 400 workers on the Gullfaks B and Gullfaks C fields, which are operated by Statoil (STL.OL), and Shell’s (RDSa.L) Draugen field had planned to strike from Thursday if no agreement was reached with management over pay.

Representatives from three trade unions — Industri Energi, SAFE and Lederne — held arbitration talks over wages overnight, negotiating past a midnight deadline on Wednesday to reach a deal.

Telenor: Telenor Norway with extensive technology modernisation

(Fornebu, 16 June 2010) Telenor Norway is implementing powerful measures to renew the IS
area in the company.By simplifying and making changes to the supplier side, Telenor is
improving supplier management, with major gains in the form of efficiency, quality and
flexibility.

Telenor Norway is reducing the number of IS providers considerably, and the new solution
is based on two key providers for maintenance and development. Capgemini and Tata
Consultancy Services are the two parties chosen.

“By implementing this measure we are making the entire operation of the IS area more
efficient and modern, thus enabling us to reach our customers more quickly with our
products and services,” says Ragnar Kårhus, CEO in Telenor Norway. “We are making the
necessary adaptations to provide our customers with improved and more innovative
services in relation to capacity, speed and stability, as well as better quality in both
voice and data, and to facilitate current demands for accessibility,” Kårhus continues.

Telenor is a global company with major and, at times, complex IS projects. Reducing the
number of parties involved lessens the number of sources of error, thereby considerably
improving quality assurance. In turn, this will serve to strengthen the competitiveness
and market position of Telenor.

This transition will take place over time. In order to ensure an orderly and controlled
transition, the implementation of changes will stretch over a period of one to two
years.

“This affords us more effective administration and development, and frees up resources
to modernise the IS portfolio. Modernisation entails competence development among our
employees, and the changes we are making now will not result in any surplus,” says
Ragnar Kårhus.

Both Capgemini and Tata Consultancy Service are major, global players possessing a high
level of competence in most IS areas. They also have a presence in the majority of the
markets Telenor operates in.

“Our customers’ demands of us as a technology company are becoming tougher, and
modernising the IS area is imperative. A great deal of the competence needed must be
obtained externally; concurrently we will also have a strong focus on improving the
competence of and developing our own employees. Several of our employees will also be
afforded the opportunity to travel abroad through this project, and in this way exchange
knowledge within different specialist areas,” concludes Ragnar Kårhus.

For further information, please contact:

Anders Krokan, Information Manager, Telenor, tel. (+47) 952 09 037,
anders.krokan@telenor.com mailto:anders.krokan@telenor.com

Gunilla Resare, Director of Communication and Marketing, Capgemini Norge AS,

tel. (+47) 450 02 542 gunilla.resare@capgemini.com mailto:gunilla.resare@capgemini.com

Suzanna Norberg, Nordic Marketing and Communications Manager, Tata Consultancy Services,
tel. (+46) 701 043 747, suzanna.norberg@tcs.com mailto:suzanna.norberg@tcs.com

SDRL – Seadrill launches new mandatory offer for remaining shares in Scorpion

HAMILTON, NORWAY, Jun 04 (MARKET WIRE) —

Hamilton, Bermuda, June 4, 2010 – On May 31, 2010, Seadrill Limited
(“Seadrill”) announced the acquisition of a further 9,071,948 shares in
Scorpion Offshore Limited (“Scorpion”) taking its total holding to
45,010,851 shares, representing 50.11 percent of the issued shares in
Scorpion.

As a consequence of the above, Seadrill hereby announces a new mandatory
offer for all of the remaining shares in Scorpion as required by the
Norwegian Securities Trading Act (the “New Offer”).

The offer price in the New Offer is NOK 40.50 per share.

The acceptance period for the New Offer expires on July 16, 2010, at 17:30
CET.

Settlement of the New Offer will take place on July 30, 2010 at the
latest.

For more detailed information on Scorpion and Seadrill, please refer to
the Mandatory Offer document dated May 10, 2010 describing the original
offer (the “Original Offer”) previously circulated to the shareholders in
Scorpion and available on www.seadrill.com and www.carnegie.no.

Shareholders in Scorpion are free to choose between the Original Offer and
the New Offer.

Shareholders who have not, as of today, accepted the Original Offer and
who wish to accept the New Offer are requested to use the acceptance form
attached hereto and submit this to Carnegie ASA before 17:30 CET on July
16, 2010.

Shareholders who have already submitted an acceptance form in relation to
the Original Offer will, unless they contact Carnegie ASA, be assumed to
have transferred their acceptance to the New Offer and will thus be
entitled to receive the offer price of NOK 40.50 per share on the terms of
the New Offer.

Shareholders who wish to accept the Original Offer are requested to
contact Carnegie ASA.

This message will be mailed to all shareholders in Scorpion on record on
June 1, 2010.

Analyst contact
Jim Daatland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

This information is subject of the disclosure requirements acc. to
Section 5- 12 vphl (Norwegian Securities Trading Act)

[HUG#1421802]

Copyright 2010, Market Wire, All rights reserved.

SDRL – Seadrill launches new mandatory offer for remaining shares in Scorpion

HAMILTON, NORWAY, Jun 04 (MARKET WIRE) —

Hamilton, Bermuda, June 4, 2010 – On May 31, 2010, Seadrill Limited
(“Seadrill”) announced the acquisition of a further 9,071,948 shares in
Scorpion Offshore Limited (“Scorpion”) taking its total holding to
45,010,851 shares, representing 50.11 percent of the issued shares in
Scorpion.

As a consequence of the above, Seadrill hereby announces a new mandatory
offer for all of the remaining shares in Scorpion as required by the
Norwegian Securities Trading Act (the “New Offer”).

The offer price in the New Offer is NOK 40.50 per share.

The acceptance period for the New Offer expires on July 16, 2010, at 17:30
CET.

Settlement of the New Offer will take place on July 30, 2010 at the
latest.

For more detailed information on Scorpion and Seadrill, please refer to
the Mandatory Offer document dated May 10, 2010 describing the original
offer (the “Original Offer”) previously circulated to the shareholders in
Scorpion and available on www.seadrill.com and www.carnegie.no.

Shareholders in Scorpion are free to choose between the Original Offer and
the New Offer.

Shareholders who have not, as of today, accepted the Original Offer and
who wish to accept the New Offer are requested to use the acceptance form
attached hereto and submit this to Carnegie ASA before 17:30 CET on July
16, 2010.

Shareholders who have already submitted an acceptance form in relation to
the Original Offer will, unless they contact Carnegie ASA, be assumed to
have transferred their acceptance to the New Offer and will thus be
entitled to receive the offer price of NOK 40.50 per share on the terms of
the New Offer.

Shareholders who wish to accept the Original Offer are requested to
contact Carnegie ASA.

This message will be mailed to all shareholders in Scorpion on record on
June 1, 2010.

Analyst contact
Jim Daatland
VP Investor Relations
Seadrill Management AS
+47 51 30 99 19

This information is subject of the disclosure requirements acc. to
Section 5- 12 vphl (Norwegian Securities Trading Act)

[HUG#1421802]

Copyright 2010, Market Wire, All rights reserved.

Leak at Norway’s Kaarstoe under control -Statoil

June 1 (Reuters) – The gas leak at Kaarstoe, one of Norway’s biggest gas processing plants, has been controlled, plant co-owner Statoil said on Tuesday.

“The gas leak is under control,” Statoil spokeswoman Tori Lindboel told Reuters. “Everything is calm and under control.”

Lindboel did not know when full production at the plant would resume.

(Reporting by Gwladys Fouche)

Kaarstoe production at 33-35 mcm -Gassco

June 1 (Reuters) – Kaarstoe, one of Norway’s biggest gas processing plants, is still processing some 33 to 35 million cubic metres (mcm) of gas per day after a gas leak, operator Gassco said on Tuesday.

“It is not a total shutdown,” spokesman Kjell Varlo Larsen told Reuters. “Some parts of the processing facility are still running … Around 33-35 million cubic metres per day are still going.”

Kaarstoe co-owner Statoil previously told Reuters that production at the plant had shut down.

Larsen declined to say at what level of production Kaarstoe had prior to the leak.

The Kaarstoe facility, situated on Norway’s west coast, has a total processing capacity of 88 mcm per day.

It separates the rich gas arriving via the Statpipe and Aasgard transport pipelines into its various components and handles some condensate piped from the Sleipner field area.

(Reporting by Gwladys Fouche)

Norway’s Kaarstoe shut after leak -Statoil

OSLO, June 1 – Production at Kaarstoe, one of Norway’s biggest gas processing plants, has been shut down after a gas leak, Kaarstoe co-owner Statoil (STL.OL) said on Tuesday.

“The production has been shut down,” Statoil spokeswoman Tori Lindboel told Reuters.

“Several hundred people have been evacuated,” she said. “It’s not everyone in the processing plant itself. There is a group of people trying to get a full overview of the situation.”

“The leak took place in one of the outer storage area of the plant,” she added.

Kaarstoe’s processing capacity is 88 million cubic metres per day.

(Reporting by Gwladys Fouche)

Norway’s Kaarstoe evacuated after gas leak-reports

June 1 (Reuters) – Kaarstoe, one of Norway’s biggest gas processing plants, has been evacuated after a gas leak, Norwegian broadcaster NRK said on Tuesday.

“There has been a gas leak in the outer part of the processing plant,” NRK quoted Kaarstoe spokeswoman Tori Lindboel as saying.

Plant operator Gassco and Norwegian major Statoil (STL.OL) were not immediately available for comment.

(Reporting by Oslo newsrooom)

Bridge Energy ASA: Silverstone Energy changes name to Bridge Energy UK

Effective from 1 June 2010 Silverstone Energy Ltd. will change its name to Bridge Energy
UK Ltd.

Jim Brunton, Managing Director of Bridge Energy UK commented “Following the combination
of Bridge Energy and Silverstone Energy in March 2010 the board of directors of Bridge
approved

the name change in order create a common identity with the parent company Bridge Energy
ASA and this signifies that we will move forward as one combined company.”

Bridge Energy is a petroleum exploration and production company with activities in
Norway and the UK. The company has offices in Oslo and Aberdeen. For more information
about Bridge Energy, see www.bridge-energy.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

HUG#1420526

John Cleese pays £3,300 taxi fare from Oslo to Brussels!

London, April 17 (ANI): English actor John Cleese is said to have reportedly paid 3,300 pounds as taxi fare from Oslo to Brussels after he was stranded in the Norwegian capital by the volcanic ash plume from Iceland.

Cleese, 70, was in Norway to appear on the Scandinavian talk show Skavlan, and when the cloud descended, closing airspace around the city, he is said to have taken a cab on April 16.

“We checked every option, but there were no boat and no train tickets available,” the Guardian quoted him as telling Norwegian TV2 in a telephone interview posted on the network’s website.

“That’s when my fabulous assistant determined that the easiest thing would be to take a taxi,” he said.

The taxi carried two extra drivers for the 930-mile journey.

“It will be interesting. I’m not in a hurry,” Cleese said, adding that from Brussels he planned to take the Eurostar train to London, where he hoped to arrive on April 17.

“I will think about a joke you’ve probably already heard: how do you get God to laugh? Tell him your plans,” he added. (ANI)

Norsk Hydro likely to close German aluminium plant

DOHA, April 11 (Reuters) – Norway’s Norsk Hydro (NHY.OL) was likely to close Germany’s biggest aluminium smelter plant due to high energy costs, Hydro’s chief financial officer said on Sunday.

Basic Materials

The company had yet to make a final decision on the Rheinwerk plant in Neuss, but production was already curtailed by 90 percent, Jorgen Arentz Rostrup told Reuters in an interview in the Qatari capital.

“It is a fantastic plant but the energy situation in Germany makes it extremely challenging to run,” said Rostrup. “It’s more likely that it will close but we haven’t decided yet.”

(Reporting by Regan Doherty; Writing by Simon Webb)

Vancouver Winter Paralympics: Day Two

It was a memorable Opening Ceremony for the athletes at the 2010 Vancouver Paralympic Winter Games, but it proved to be a frustrating morning after.

The weather at Whistler refused to come to the party and so downhill competitors endured a day of delays. By mid-afternoon, course officials had no alternative but to postpone the day’s racing.

The only good news for the Australian camp was the impressive training run from Marty Mayberry. He was quickest of the 32 standing skiers to complete the course, but there was to be no “real” competition on the day.

There was better news for the biathletes however, with six events run and won at Whistler Paralympic Park, where the Russian Federation grabbed three gold medals.

The sledge hockey also got off to an action-packed start. Canadian fans were well pleased with a first up four-nil win over Italy, while Norway were taken to a shoot-out before beating their close rivals Sweden.

If the weather co-operates, most of the Australian team will be in action on Day Three and they will be hoping to make the enforced wait worthwhile.

Exercise beats shockwaves for chronic shoulder pain

London, Sept 16 (ANI): Supervised exercise helps ease chronic shoulder pain better than sound shockwave treatment, a new study suggests.

In the study, published in the online British Medical Journal, team of researchers based in Oslo, Norway compared the effectiveness of radial extracorporeal shockwave treatment (low to medium energy impulses delivered into the tissue) with supervised exercises in patients with shoulder pain.

The research involved 104 men and women aged between 18 and 70 years.

Participants were randomised to receive either radial extracorporeal shockwave treatment (one session weekly for four to six weeks) or supervised exercises (two 45 minute sessions weekly for up to 12 weeks).

Both groups were similar at the start of the study with regard to age, education, dominant arm affected and pain duration.

All patients were monitored at six, 12 and 18 weeks and were advised not to have any additional treatment except analgesics (including anti-inflammatory drugs) during the follow-up period. Pain and disability were measured using a recognised scoring index.

After 18 weeks, 32 of patients in the exercise group achieved a reduction in shoulder pain and disability scores compared with 18 in the shockwave treatment group.

More patients in the exercise group returned to work, while more patients in the shockwave treatment group had additional treatment after 12 weeks, suggesting that they were less satisfied.

The authors conclude: “Supervised exercises were more effective than radial extracorporeal shockwave treatment for short term improvement in patients with subacromial shoulder pain.” (ANI)