Strike threat grows at Norwegian

Turbulence continued this week at Norwegian Air, as the threat of a major strike reported earlier this month grew. More than a thousand flight attendants may walk off the job from April 30 unless their labour dispute with Norwegian is settled in mediation. Labour federation Parat is now threatening to pull 1,300  employees of Norwegian […]

‘Unhealthy culture’ said to taint Yara

Lone Fønss Schrøder served as a Yara board member when the company was first listed. She wrote to Trade Minister Monica Mæland, warning of an unhealthy leadership culture and poor corporate governance within the company. PHOTO: Aker Solutions

A high-profile and highly respected Danish businesswoman who served on the board of Oslo-based international fertilizer producer Yara alleges she was asked not to stand for reelection, after she complained of an ‘unhealthy culture’ within Yara’s board and management. Lone Fønss Schrøder told newspaper Dagens Næringsliv (DN) this week that she wasn’t surprised when Yara […]

Oilers hockey club ‘living the dream’

The Stavanger Oilers beat Vålerenga on Mnday to once again win the national hockey championship on Monday. Here, player Mathias Trettenes in a duel with Jonte Berg. PHOTO: Carina Johansen / NTB Scanpix

Backed by cheering fans and pumped up by profits from their still-new arena in Norway’s oil capital, the Stavanger Oilers hockey club claimed their third national championship in a row on Monday night. Rival Oslo club Vålerenga was deeply disappointed, while the Oilers are “living the dream” of all hockey clubs in the country. It […]

Aker wins major Angola contract

An Aker Solutions subsea field layout, delivered to Statoil's Åsgard development on the Norwegian continental shelf. Under its NOK 14 billion contract with Total, Aker Solutions will provide 20 subsea manifolds and PHOTO: Aker Solutions

Norwegian engineering company Aker Solutions announced it had won a “landmark” contract in a message to the stock exchange on Tuesday. The contract to supply subsea systems to a project in Angola run by French oil and gas company Total is worth NOK 14 billion (USD 2.3 billion), but came just days after Norwegian politicians […]

Telenor slashes Norwegian jobs

The Thai dance troupe waved Thai and Norwegian flags when their performance ended. PHOTO: newsinenglish.no/Nina Berglund

Telenor, the Norwegian international telecommunications giant, slashed almost 850 jobs throughout spring. Unions accused Telenor of “social dumping” by outsourcing work to cheaper Asian markets, but the company argued it had to restructure to stay competitive. Last month the partially state-owned company said it needed to cut 450 full time equivalent positions from its Norwegian […]

Controversial data laws put on ice

Norway’s new conservative government decided to stop work on implementation of controversial data storage laws, after the European Court of Justice declared the EU’s Data Retention Directive to be invalid. Norwegian Prime Minister refused on Wednesday to declare an outright scrapping of Norway’s law, though, which would require telecommunications companies to store data on traffic […]

Angry passengers get no relief

As another Norwegian jet lands at Oslo's main airport at Gardermoen, the airline has managed to avoid paying out compensation to stranded passengers on its long-haul service. PHOTO: Samferdselsdepartementet

Norway’s airline complaints board has rejected the vast majority of complaints filed by Norwegian Air passengers who were stranded for days over the Christmas and New Year holidays. They’d demanded compensation for their ruined holidays but have now been told that Norwegian owes them nothing. “The problems that delayed these passengers were so unexpected and […]

Oil field found in 1975 finally running

Oil and gas was first discovered in the Gudrun field in the North Sea 1975, but the drilling technology of the day was no match for the high pressure, high temperature reserve. After decades of development, production finally began at the Statoil-owned platform on Monday morning. “Gudrun is the first new Statoil-operated platform to come […]

Family feuds over business sale

Frederik Wilhelm Mohn, right, pictured on the family firm's website with his father, philanthropist Trond Mohn, the wealthiest man in western Norway. PHOTO: Frank Mohn AS

Frederik Wilhelm Mohn took to the Norwegian media on Monday to rage against his father, billionaire businessman Trond Mohn, after he secretly sold the Bergen-based family company Frank Mohn AS for NOK 13 billion (USD 2.2 billion). Swedish industrial engineering company Alfa Laval bought the pump manufacturer, but Frederik argued he should’ve had the first […]

Jensen defends Oil Fund changes

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Norwegian Finance Minister Siv Jensen rejected criticisms the government’s planned changes to the management of the nation’s massive sovereign wealth fund didn’t go far enough to ensure greener, socially responsible investments, saying the “Oil Fund” is a return-oriented investment scheme, and not an environmental or foreign policy tool. At an international press meeting in Oslo […]