Sverdrup oil field eyes early start-up

Norway’s huge Johan Sverdrup oil field isn’t due to start producing until November, but the oil may start gushing sooner than that. State oil company Equinor has confirmed that it’s alerted shipping firms that they “can expect oil volumes from Johan Sverdrup in the near future.” Newspaper Dagens Næringsliv (DN) reported how Oslo brokerage house […]

Minister scolds animal rights activists

Norway’s agriculture minister claims the country’s meat industry has no reason to be ashamed and that rising criticism of it can be taken out of perspective. Her comments came after a group of animal rights activists chained themselves last week to the gate of a slaughterhouse in Eidsvoll. Around 50 activists had turned up demanding […]

Central bank buys even weaker kroner

A decision by Norway’s central bank to buy more of the country’s own currency has raised some eyebrows. An analyst at Norway’s biggest bank thinks it looks like Norges Bank is trying to prop up the sagging krone. By midday Monday, it cost NOK 9.12 to buy one US dollar. That was up from already […]

‘United front’ as budget talks begin

After weeks of political turmoil and even speculation that her government might fall, Prime Minister Erna Solberg pulled her troops together once again on Wednesday as they headed into state budget talks. All four party leaders involved did their best to present a united front. “We sit in this government because there’s more that unites […]

Minister keen to curb foreign tour buses

It may take time, says Transport Minister Jon Georg Dale of the conservative Progress Party, but he’s keen to regulate foreign tour buses more strongly and actively. Opposition Center Party politicians claim it’s a “great shame” that the government hasn’t done more to help Norwegian bus drivers who can’t compete against the cheaper foreign competition […]

Weak ‘krone’ may get even weaker

After more than a week of trading at around NOK 9 to the US dollar, Norway’s biggest bank is predicting that the country’s currency may lose even more value. DNB Markets thinks it will cost NOK 10.20 to buy a euro around Christmastime. The investment banking arm of Oslo-based DNB wrote in its latest economic […]

Equinor’s windmills stir more debate

The Norwegian government’s decision to fund half if not all of a huge offshore wind power project for state oil company Equinor is stirring up both praise and criticism. Critics believe the highly profitable Equinor should pay for the pioneering project itself, while others are glad the state is supporting wind energy that won’t involve […]

Brazilian free trade deal ignites fury

The timing could hardly have been worse, or even more internationally and politically embarrassing for the Norwegian government: As fires raged in the Amazon, and just a week after Norway withheld funds because of Brazil’s alleged violations of rain forest preservation, Norway and its fellow members of the European Economic Area have entered into a […]

Foreign bus invasion rolls over Norway

Norway’s summer tourist season is far from over, even though most Norwegians are back in school and at work. Along with the hordes of foreign tourists still in the country this summer are foreign tour buses that are all but driving Norwegian tour bus operators off the roads. Newspaper Aftenposten reported recently about all the […]

Sporting goods chain to fade away

Sports retailer Gresvig has long been one of the dominant retailers in Norway, with its G-sport and G-Max chains highly visible all over the country. Now they’re being shut down following large losses, with most being moved over to the Intersport chain. Newspaper Dagens Næringsliv (DN) reported just before the weekend that G-sport and G-Max […]