Tag: oil prices
Summer holidays close to home
Hundreds of thousands of Norwegians launched their annual summer holidays over the weekend, which marked the start of the three-week period known as fellesferie....
Huge investment planned for ‘Troll’
Norway's newly renamed oil company Equinor and its partners announced more huge new investment in their large Troll oil and gas field in the...
Unemployment keeps falling
The number of Norwegians officially unemployed has fallen by another 20,000 during the past 12 months. That brought Norway's jobless rate down to just...
Italian unrest hits Norway’s ‘krone’
Oil prices have been rising and Norway's economy is surging ahead, but that hasn't made the Norwegian krone stronger, as might be expected. It...
Statoil poised ‘to earn record amounts’
Norway’s largest company, Statoil, looks set to keep logging record amounts of earnings, given its lower cost base and rising oil prices. Some analysts...
Statoil cuts back on new oil project
There was no lack of hyperbole when Statoil presented its latest development plan for the long-delayed Johan Castberg oil field off Northern Norway on...
Krone’s latest dive ‘unique, strange’
Norway's currency, the krone, has been caught in another puzzling downward spiral this week that's left analysts groping for explanations. Despite more positive economic...
Norway’s economy pumping up again
Norway was wallowing in good energy-related news on Tuesday that's expected to further fuel its economic recovery. The country stands to gain from a...
Offshore giant aims to refloat fortunes
Seadrill, controlled since its founding by Norwegian shipping magnate John Fredriksen, aimed to be the world's largest offshore offshore drilling contractor. It was already burdened with...
NAV reports another dip in layoffs
Norway's state welfare agency NAV reported this week that it received around 1,500 notices from employers of looming layoffs and furloughs in May. That...
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