Hurtigruten owners poised to profit

The combination of cruises that also call at popular destinations like here at Tromsø also attracts passengers, who can see plenty of spectacular scenery along the way. PHOTO: newsinenglish.no

The British investment fund that bought up 90 percent of the shares in Norway’s famed coastal shipping line Hurtigruten may see the value of its stake double if it succeeds in finding new buyers. That means the fund’s partners and investors could profit handsomely on a company that received more than NOK 800 million in state subsidy last year […]

Statoil eyes new cuts in North Sea

Statoil CEO Eldar Sætre, shown here visiting an offshore platform himself, remains under pressure to cut more costs. Now the company is studying its offshore staffing, making platform workers nervous. PHOTO: Statoil

Norwegian oil company Statoil will have slashed its costs by around NOK 2.5 billion a year when it wraps up its so-called STEP efficiency program at the end of the year, but it’s not enough. Now the company is turning its attention to its North Sea oil installations, which have been shielded from much of the cost-cutting, and […]

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. […]

Lithuanian convicted of killing Monika

A court in Western Norway has convicted the main suspect in the death of an eight-year-old girl in her home near Bergen five years ago. The case has sparked widespread media coverage in Norway because the local police in Hordaland County admitted to botching the initial investigation of the young girl’s strangulation. The case has […]

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 […]

Extremism still poses major threat

Norway's current prime minister, Erna Solberg of the Conservative Party, doesn't think Norwegian have been good enough at taking up the fight against extremism. PHOTO: NRK screen grab/newsinenglish.no

Norway has preserved and nurtured its democratic values after the terrorist attacks of July 22, 2011, but hasn’t been good enough at warding off extremism, says Prime Minister Erna Solberg. Others claim there’s also been a reluctance to confront the hatred and right-wing nationalist extremism that drove a young white Norwegian man to carry out the attacks. […]