Tag: economy

Hotel guests hit hard by major strike

Norway's biggest hotel has closed its doors, guests have been forced to relocate against their will and one hotel manager took it upon himself to serve breakfast...

More jobs disappear at oil and offshore firms

National Oilwell Varco (NOV) has confirmed that another 520 of its employees will be laid off, the latest casualties of the sharp economic downturn...

Hurtigruten places biggest order ever

Norway's famed coastal shipping line Hurtigruten announced a major fleet renewal and expansion on Thursday, formally placing an order for up to four new passenger and...

‘Game of krones’ surprises players

Norway's krone was keeping currency players busy on Tuesday, zooming back up to a value higher than it was before OPEC ministers failed to reduce oil production...

Oil fund tapped as Goliat field opens

Norway could finally carry out the ceremonial opening of its first oil field in the Barents Sea this week. The long-overdue Goliat oil field project has begun pumping...

Oil prices sank after OPEC disagreement

UPDATED: The value of Norway's currency, the krone, fell along with the price of oil after members of the OPEC oil cartel failed to strike...

Seafood boom helps ease ‘crisis’

While Norway's important oil and offshore industries battle what's widely believed to be a "crisis," the seafood industry is booming. High prices and record exports...

Solberg drums up Asian trade

Prime Minister Erna Solberg was wrapping up official visits to Singapore and South Korea this weekend, ending her Asian tour by calling for even tighter...

Shipping sinks into ‘crisis’ mode

As hard times spread through oil and offshore companies, Norway's large shipping industry is suffering, too. Dramatic ripple effects were recently revealed by the Norwegian Shipowners'...

Oil firms still see hard times ahead

Statoil isn't backing away from its major cost-cutting program and now also aims to reduce pay levels at the state-controlled oil company. Three out of...
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