Economist quits DNB for NHO

Øystein Dørum

One of Norway’s most high-profile economists will be leaving the country’s biggest bank, DNB, after 18 years. Øystein Dørum has been wooed over to NHO, Norway’s largest employers’ organization, where he says he hopes to help create jobs. “We’re facing demanding challenges in the Norwegian economy and it’s important that we succeed in creating new […]

Still long lines at passport control

OSL Gardermoen

Long lines and delays for both arriving and departing international passengers at Norway’s gateway airport, OSL Gardermoen, have prompted Justice Minister Anders Anundsen to send in reinforcements. The police assigned to such border patrol duty, however, immediately complained that 14 new positions ordered by Anundsen over the weekend aren’t enough. “No, this won’t help when you see […]

‘Goliat’ problems spark inquiry

The Goliat platform, photographed on an unusually calm day in the Barents Sea. Environmental and climate activists don't want to see any more such projects in sensitive Arctic areas. PHOTO: Eni Norge/News On Request AS

Safety concerns and accusations of a “clown culture” on board the huge Goliat oil platform in the Barents Sea have sparked an inquiry from Norway’s Labour Minister. She wants some answers from the state authorities who’ve also been criticized over how they’ve handled complaints from workers and their unions. Labour Minister Anniken Hauglie is concerned over working conditions […]

‘Damn the climate, full steam ahead!’

The drilling rig Transocean Leader at work on the Aldous South field. PHOTO: Harald Pettersen / Statoil

To drill or not drill? That was the question debated in depth during the recent major oil industry conference, ONS, in Stavanger, where one outspoken industry player ended up blasting all those worried about oil’s effect on the climate. He claimed he spoke for many other oil workers and executives who frankly don’t give a damn about climate […]

Island property sale may set a record

The owner of a holiday island off Norway’s southeast coast has put it up for sale for NOK 60 million (USD 7.3 million). Never has a vacation property been priced so high, but the seller claims it’s justified. Newspaper Dagens Næringsliv (DN) reported that Pål Terje Gabrielsen bought the island, which covers 103 mål (around […]

Yara appeals trial to call new witnesses

Yara International’s former executive in charge of legal issues was testifying in court this week as he and three former colleagues try to overturn their corruption convictions. Several others involved in Yara’s contested business dealings in Libya and India will be testifying for the first time as the case proceeds this autumn, with defense attorneys for […]

Revived hopes for Rygge crash-land again

Not much came out of a meeting this week between a group of high-powered investors led by a former defense minister and the current owners of the Rygge airport south of Moss. The group had no concrete plans to present about new commercial airline customers for the airport, and the owners were disappointed. “I can’t […]

Statoil cuts more jobs and costs

Statoil's CEO Eldar Sætre (left) is still overseeing lots of cost- and job-cutting at Norway's biggest company. He's a busy man this week at the ONS conference in Stavanger, shown here with Prime Minister Erna Solberg (center). PHOTO: ONS/Morten Berentsen

Norway’s largest company, Statoil, reportedly plans to slash another 250 jobs, with this round cutting into the areas of health, safety and environmental matters. At the same time, the company continued to boast about how it’s cutting costs so much that its huge Johan Sverdrup oil field will be profitable at an oil price of just […]

Solberg slammed for her devotion to oil

This was the photo the government used when it announced the launch of the 24th licensing round for more oil exploration and drilling on the Norwegian Continental Shelf. The government invited oil companies to nominate blocs they want to be a part of the round, while the government favours opening up new "immature" areas of the shelf "where the potential to make big discoveries is greatest." PHOTO: regjeringen.no

Reaction was fast and furious after Prime Minister Erna Solberg not only announced that her government wants to increase offshore oil exploration but also open up areas off scenic Lofoten and Vesterålen to oil and gas activity. It was music to the ears of the oil industry she was addressing in Stavanger on Monday, but a huge […]

Some Swedish money soon to be rendered worthless

Swedish banks were expecting an extra influx of customers this week, including many Norwegians, who may be anxious to exchange Swedish currency that’s about to be taken out of circulation. State broadcaster NRK reported that Sweden’s old SEK 20-, 50- and 1,000 kronor bills will be invalid from Thursday, September 1. They haven’t been accepted in retail […]