Tourists sell out Oslo-Bergen train

A train on the Bergen line damaged driving lines and broke down in a tunnel on Wednesday night, forcing the evacuation of 130 passengers. The diesel engine brought in to tow the train caused further damage overnight, crippling the Bergen rail network throughout Thursday. PHOTO: Rolf M Sørensen/NSB

Never before have so many tourists been taking the train over the mountains between Bergen and Oslo. The popular line, known as Bergensbanen, has been been completely sold out in July, and the country’s other long-distance trains are running full as well. “The summer holiday period is usually very busy for Bergensbanen, but this year it’s completely […]

Statoil’s loss sends its shares tumbling

Norway’s largest company, state-controlled oil firm Statoil, released results Wednesday morning that were “much, much worse than expected,” sending chills throughout the market and the country’s entire oil and offshore industry. A second-quarter net loss sent Statoil’s shares tumbling on the Oslo Stock Exchange, while more cuts in the company’s investment program are another blow to an […]

Authorities probe Statoil’s dominance

Statoil continues to pump up profits from its oil and gas operations. Pictured here, the Sleipner platform off Norway. PHOTO: Statoil/Dag Myrestrand

Oil service and shipping companies have been among those worrying the most that Norway’s state oil company Statoil has too much market power on the Norwegian Continental Shelf. Its dominance is now being probed by competition authorities, with an evaluation due in time for parliamentary debate this fall. Newspaper Dagens Næringsliv (DN) has been publishing a series of […]

Alleged conflict plagues minister

Business and Trade Minister Monica Mæland faces tough questions over her decision to replace Statkraft's chairman with one of her own friends and party colleagues, former Culture Minister Thorhild Widvey.  PHOTO: NFD

Monica Mæland, Norway’s government minister in charge of business and trade who’s been tackling corruption cases at several Norwegian companies lately, now finds herself caught in a conflict herself. She’s had to have her impartiality evaluated after she suddenly replaced the chairman of state-owned electricity producer Statkraft with a good friend who’s one of her own party colleagues. […]

State to monitor cruise emissions

Growing numbers of cruiseships in the fjords, like her in Aurland, can mean growing carbon emissions. Now the state intends to monitor cruise activity in three fjords. PHOTO: newsinenglish.no

Norway has become a popular cruise destination in recent years, but the vessels themselves can belch out high levels of emissions in the country’s fjords. Now the state is keen to measure those emissions, and take steps to reduce them. Nynorsk Pressekontor reports that cruise ships sailing in three western fjords are being asked to report all […]

Tourists pour in like never before

Record numbers of tourists are visiting Oslo and the rest of Norway this summer, like these vistors from China. PHOTO: newsinenglish.no

More foreign tourists than ever before are visiting Norway this year, and with many Norwegians staying in the country as well this summer, the tourism industry is booming. Norway’s mountains and fjords are still the strongest magnets, but Norwegian cities are also drawing unusually large crowds of sightseers. Downtown Oslo, for example, has been packed with visitors this […]

Oil production higher than expected

Norway’s state oil directorate reported that 1.4 million barrels of oil were produced on the Norwegian Continental Shelf in June. The total production was lower than last June but higher than expected. The directorate (Oljedirektoratet) reported that production was 8 percent less than in June of 2015, but 6 percent higher than its own prognosis. Production […]

Opera Software sale failed on high note

After days and nights of intense negotiations that reached a crescendo late last week, the pending sale of Oslo-based Opera Software failed and then struck a bad chord with investors. Its share price tumbled, but at least some operations are still expected to be sold off. Newspaper Dagens Næringsliv (DN) reported Tuesday that Opera Software boss […]

State refuses to cover berry losses

Locally grown strawberries are considered a delicacy in Norway, but some wonder whether they're overrated and as healthy as their image. PHOTO: Views and News

Norwegian strawberry farmers who have seen their crops ruined by a fungus this summer quickly demanded that the state compensate their losses. They’re disappointed after a meeting at the agriculture ministry. “We did ask them whether they wanted to reallocate some of the money they’ve already been granted by the state,” State Secretary Terje Halleland from the Progress […]

Norwegian Air orders more ‘long-range’ jets

Norwegian Air was flying high again this week, after reporting nearly a billion kroner in second-quarter pre-tax profits and announcing agreements for the delivery of 30 new A321 Long Range aircraft from Airbus. Profits in the third quarter, though, will reflect the millions Norwegian had to fork out when it failed to operate its ambitious […]