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STATOIL

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News, Spotlight

Formed in 1972, Statoil is a technology-focused international energy company primarily focused on upstream oil and gas operations.  Today Statoil is the world’s seventh-largest international oil company with over 20,000 employees across 37 countries, global production of around 2 million barrels of oil equivalent per day, and is an industry leader in applying technology to create innovative and responsible solutions for the world’s energy needs. Over the past decade, Statoil has expanded its US operations and is now the third-largest overseas investor in the US upstream oil and gas sector. From our US headquarters in Houston, we oversee a portfolio […]

Norway as an important trading partner for the US

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News

Norway as an important trading partner for the United States. (Norway is the 5th fastest growing source of FDI into the US according to the US Bureau of Economic Analysis.)  NACC/MA’s Katharina Brekke Powers recently visited Norway to meet with Norwegian and US companies.  On May 21st in Kristiansand County and Næringsforeningen i Kristiansandsregionen, in cooperation with AmCham, Norway held a full-day symposium on “Multinationals In Kristiansand – Mobilizing for the Future”, which focused on attracting international businesses to the area.  Interesting speakers from Citigroup, BI Business School, and Merce gave presentations.  The day also included visits to three US-owned companies in Kristiansand – National […]

Annual Embassy Roundtable

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News

June 11, 2015; The Royal Norwegian Embassy hosted members from the NACC MA for the Annual Embassy Roundtable. Counselors for economics, politics, culture, science, climate and defense gave each a brief on their current activities and priorities. Ambassador Kåre Aas and Major General Finn Kristian Hannestad attended as well and gave a brief. The program included a special topic presentation on energy from new red corporate member Statoil and representative from the Department of Commerce attended and presented as well. Thank you to everyone who attended!  

Norway Creates Jobs in the US

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News, Spotlight

Norway Creates Jobs in the US The Norwegian American Chamber of Commerce Mid-Atlantic Chapter interviewed Ms Nina Langli from the Norwegian Embassy on April 29, to discuss the project “Norway Creates Jobs in the US” to get a better understanding of the project and who the beneficiaries are. Nina Langli works as a project manager at the Norwegian Embassy and is in collaboration with the Norwegian American Chamber of Commerce, Innovation Norway, Norwegian American Defense Industry Council, the Consul Generals, INTSOK and the Seafood Council conducting a project about Norway’s standing as a substantial investor in the US. For this […]

Syttende Mai Dinner Dance Gala in Washington DC

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News

May 15, 2015 – Thank you to everyone who attended the Syttende Mai Dinner Dance Gala on May 15, at the Key Bridge Marriott! We hope you all had a great time! -photo credit: Ms Camilla Bache-Mathiesen    

Nordic Happy Hour in Washington DC

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News

April 30, 2015:  Nordic Happy Hour last week was a blast! Thank you SACC for joining forces with NACC MA and gathering a great group of Young Associates! We hope to make this a regular get together and go bigger & bolder next time! Thanks to everyone who attended and made this a wonderful nordic afternoon!  

Invest in Norway & TTIP: Implications for Norway

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News

April 24 – NACC MA took part in a morning seminar in Chesapeake, Norfolk, discussing on the topic of “Invest in Norway & TTIP: possible implications for Norway”. NACC MA president Katharina Brekke Powers gave a great speech on investing in Norway followed by a presentation by trade Councelor from the Norwegian Embassy Ivar Engan, who talked about trade policy. Further, NACC MA board member Scott Wheeler from Bay Diesel talked about the importance of being involved in organizations promoting trade to seek new opportunities. Raytheon, member of NACC MA was as well present and shared important success stories from […]

SelectUSA Summit

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News

On Monday March 23rd  the Select US Summit was kicked off in the Washington DC area.  The Summit provided potential foreign investors from all corners of the world with a wealth information and opportunities in one place as why a company should invest in the US.  The Summit was a two day event with more than 2,600 attendees.  Speakers at both the break out and joint sessions where global CEO’s and Senior US leaders.  During the Summit both President Obama and Secretary Kerry spoke. Our Norwegian delegation consisted of a strong industry presence and representatives of the NACC chapters in New York(Inger […]

Norway’s Minister of Trade & Industry, Ms Monica Mæland visits Washington DC

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News

January 22, 2015 – Members of NACC MA took part in today’s “Green Shipping – Technology for a Low-Emission Maritime Sector” Breakfast Seminar hosted by The Royal Norwegian Embassy in cooperation with DNV-GL and the Norwegian Shipowners Association. Norway’s Minister of Trade and Industry, Ms Monica Mæland attended and gave an interesting speech on the topic of promoting Green Maritime Industry. On the occasion of the Minister’s visit to DC, a luncheon was hosted at the Ambassador’s Residence following the seminar where representatives from key Norwegian industry got the opportunity to present themselves and discuss Norwegian-American business and trade. Many […]

Foreign Owners of United States Businesses – Time is Running Out…

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News

January 9 2015, Thank you Ms Katharina Brekke Powers for sharing the following article which is very interesting for foreign owners of United States businesses.     Foreign Owners of United States Businesses – Time is Running Out… If you are a foreign owner doing business in the U.S. you should review the requirements by the Bureau of Economic Analysis/U.S. Department of Commerce (“BEA”). BEA is collecting data to measure foreign direct investments in the U.S., and they are doing so retroactively back to January 1, 2014. These requirements are not new, but for several years BEA did not require […]

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