Thursday 7 June 2012

French president Francois Hollande cuts retirement age

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The bulk of those are expected to come through plans from Norwegian oil services group Aker Solutions to develop its west London offices into an engineering hub, creating 1,300 jobs by 2015. It currently has around 3,100 employees in the UK.

More concrete announcements on companies’ expansion and investment plans are expected after Mr Cameron and his Norwegian counterpart Jens Stoltenberg on Thursday meet senior executives from ten energy companies, including Aker, National Grid, Centrica, Shell and Norway’s state-owned giant Statoil.

Mr Cameron on Wednesday became the first British prime minister to visit Norway in 26 years, when he arrived in Oslo for a working dinner with Mr Stoltenberg.

The two leaders will on Thursday outline plans to strengthen the energy links between their countries, by working together on long-term gas supplies, oil and gas exploration, investment in renewable energy and electricity interconnection.

In addition, a joint business advisory group will be set up to allow companies to talk to government directly about how to spur on investment and to encourage new technologies, such as carbon capture and storage.

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