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Wednesday, June 17, 2026

Tag: economy

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...

Hundreds to lose jobs at FMC

Yet another oil service company has warned this week of hundreds of pending job cuts. FMC Technologies announced that more than 700 employees will...

Oil service firms warn of more job cuts

Aibel and National Oilwell Varco are among oil and offshore companies warning of more job cuts, with hundreds of employees likely to soon be out...

Labour pact hailed by everyone involved

NEWS ANALYSIS: Norway's conservative government coalition, with new Labour Minister Anniken Hauglie playing a key role, was getting much of the credit on Monday...

Public sector snaps up laid-off experts

Norwegian towns and cities, and many state agencies, had trouble finding qualified geologists and engineers just a year ago, and couldn't compete with the...
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