Profit plunge puts pressure on Posten

They tried to put the best possible spin on their results, even claiming that “we had a lot to celebrate in 2018” with some new markets growing. Top management at Norway’s postal service Posten Norge nonetheless had to disclose a painful 68 percent plunge in fourth-quarter profits on Monday, at a time when households all over […]

Norway won snow crab conflict

Norway’s Supreme Court has rejected an appeal from a Latvian fishing vessel that was convicted of illegally trapping snow crabs off Svalbard. The high court concluded that Norway, which has control over the Arctic island group through an international treaty, has exclusive rights to harvest the crabs. The Latvians’ legal complaint has been working its […]

Central bank chief backs oil industry

NEWS ANALYSIS: Norway’s oil industry and its supportive Norwegian government have won backing from the country’s central bank chief to keep on pumping and looking for more offshore oil and gas reserves. In an annual and much-followed speech Thursday evening, Øystein Olsen also opted against commenting on how the government spends Norway’s oil revenues, for […]

Røkke’s tower can’t save the seas

Norwegian industrialist Kjell Inge Røkke has been met with thumbs down from political leaders in the Oslo suburb of Bærum, who refused to approve his plan for a skyscraper at Fornebu. Now Røkke may take his plan elsewhere, or even out of Norway. The building plans unveiled last year in the presence of Prime Minister […]

Sparks fly over Finnmark mining

While local elected officials were celebrating with cake, protests poured in over the Conservative state government’s decision on Thursday to finally allow mining operations on a mountain plateau in Finnmark. It’s expected to generate 300 new jobs in the area, but can also disrupt Samis’ reindeer grazing while dumping debris and tailings into the fjord […]

China’s ambassador leaves in a storm

Wang Min, China’s ambassador to Norway since 2016, is due to bid farewell King Harald V on Friday and leave the country, just after Norwegian intelligence agencies have branded China as a major security threat. The Chinese Embassy in Oslo has refuted and harshly criticized the warnings, while the Norwegian government has also been criticized […]

Politicians defy opposition to oil

NEWS ANALYSIS: Public debate over Norway’s offshore oil and gas industry is gushing, just as production, profits and the government’s granting of new exploration licenses are also reaching new heights. Top government officials and even leaders of the biggest opposition parties in Parliament, however, aren’t fully responding to ever-rising concern over climate change, and even ignoring […]

Commuters plagued by train delays

Tens of thousands of commuters in the Oslo area have had a rough week. State railroad Bane NOR hasn’t been able to provide them with reliable service, with half of all trains running late during the rush hours. Bane NOR blames bad weather, technical problems and the loss of the use of a double-track. When […]

Norway’s ‘Posten’ self-destructs

NEWS COMMENTARY: Norway’s postal service (Posten) seemed to continue its march towards self-destruction of traditional services this week, when it confirmed consolidation of all letter sorting for Southern Norway at its Lørenskog terminal northeast of Oslo. Hundreds of people working at terminals in Bergen, Stavanger, Trondheim, Molde and Stokke are likely to lose their jobs, […]

More ‘negative surprises’ at Norwegian Air

Oslo-based Norwegian Air reported a huge loss for last year as expected on Thursday, and then suffered a bomb threat on one of its flights. The airline’s founder and CEO Bjørn Kjos called 2018 “a year with large and uncomfortably negative surprises,” but as more came at him, he seemed determined to turn losses into […]