More trouble for Telenor, in Bulgaria

Norway’s international telecoms firm Telenor has run into even more trouble at its overseas operations. This time the problems are in Bulgaria, where a police investigation is now underway into what the company calls “economic crime.” Newspaper Dagens Næringsliv (DN) reported Friday that Telenor discovered shortly after buying its Bulgarian operation in 2013 that it […]

Widerøe orders new jets

Norway’s domestic, short-haul airline Widerøe has graduated from propeller planes to its first new jets, ordering three Embraer E190 E2 aircraft with an option for 12 more. The new jets can carry 114 passengers and are a step up from the Bombardier Dash 8 turboprop aircraft now in Widerøe’s fleet. The Dash 8s will still be […]

Expert warns of Arctic drilling risks

A highly acclaimed Oxford professor who’s considered an expert on energy research has thrown cold water on Norway’s hopes for a new oil era in the Arctic. Dieter Helm doesn’t think oil prices will rise much higher and are more likely to fall, making costly oil investments in the Barents Sea unprofitable. Helm, addressing an annual gathering of top oil […]

Yara’s nightmare draws to an end

One of Norway’s biggest companies, Yara International, may finally be able to heave a sigh of relief, after the last major appeals court action involving corruption at the fertilizer producer played out this week. It resulted in a lengthy prison term for Yara’s former chief legal counsel, the only one of the company’s former top executives to actually […]

Aker Solutions cuts more jobs

Oslo-based Aker Solutions, hit hard by the slowdown in the oil and offshore industry, has announced a need to cut as many as 650 more jobs, 270 of them in Norway. Employees were informed of the looming cuts this week following a lack of new orders. Aker confirmed to newspaper Dagens Næringsliv (DN) that the cuts […]

Labour’s love lost on Lofoten debate

Labour Party leader Jonas Gahr Støre has finally confirmed that Norway’s scenic Lofoten islands need some tender loving care, with parts of their offshore waters protected from oil exploration and production. His jobs-minded party, however, isn’t extending full protection to other nearby areas, and that means few apart from Støre himself are happy with a proposed compromise announced this week. “This is an especially […]

More trouble for ‘Goliat’ platform

Norwegian petroleum authorities have signaled another security inspection of the long-troubled Goliat platform in the Barents Sea, around 90 kilometers northwest of Hammerfest. It was shut down again this week, for the fifth time since it was put in place just last year. Newspaper Dagens Næringsliv (DN) reported this week that more trouble was discovered […]

Statoil insists it’s also ‘going green’

Even as Statoil promoted a “fantastic portfolio” of oil drilling projects for 2017 this week, three of them in the sensitive Arctic, top officials insist the Norwegian oil company is also concerned about climate change and cutting carbon emissions. Statoil now admits that its drilling in the Gulf of Mexico has been unsuccessful, but newspaper Dagens Næringsliv (DN) reported this week […]

Leaders clash at NHO conference

Norway’s national employers’ organization NHO gathered some of the most powerful business and political leaders in the country on Thursday for its annual conference at Oslo Spektrum. This year’s conference centered on how companies can combine reduced carbon emissions with value- and job creation, and clashes arose immediately. No sooner had Prime Minister Erna Solberg of […]

Statoil ‘finished’ with job-cutting

Norway’s biggest company, Statoil, started off the New Year with some good news for employees: Management has decided it’s “reached its goal” for staff reductions, and will likely stop cutting more jobs. The cost- and job-cutting began in 2012, even before oil prices collapsed in 2014. Today Statoil has around 5,000 fewer employees than it did five years […]