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Wednesday, June 17, 2026

Tag: economy

Cheers and anger over oil field plan

Statoil's latest plans for its large Johan Castberg oil field off the coast of Northern Norway have cheered the oil industry, but enraged local officials...

‘Help wanted’ ads fall with oil price

The volume of vacant jobs advertised online in Norway has fallen to its lowest level in at least seven years, according to a website...

Salmon worth more than a barrel of oil

One farmed Norwegian salmon weighing around 4.5 kilos was worth more than a barrel of Norway's North Sea crude oil at the end of this...

Odfjell cuts jobs as oil price sinks

Odfjell Drilling, one of Norway's major rig companies serving the oil industry, slashed 20 percent of its workforce on Wednesday as the price of...

Central bank boss: Still ‘no crisis’

Norwegian wage-earners will have to settle for little if any increase in their purchasing power this year, and several thousand will need to find...

Falling oil price costs another 100 jobs

Another 100 workers in the oil industry in Stavanger got the bad news on Monday that they're about to lose their jobs. The dive...

Svalbard grapples with great change

It's cold again now, but residents of Norway's Arctic island group of Svalbard were basking in highly unusual temperatures on New Year's Eve that resembled...

Statoil warns of ‘bad’ oil market

Statoil's chief executive Eldar Sætre has issued a new warning that the market for oil can be "really bad for a long time," after the...

New oil price dip hits krone again

As the price for a barrel of Norway's North Sea crude oil sunk once again on Wednesday, so did the value of Norway's currency,...

Airbnb, Uber come in from the cold

Finance Minister Siv Jensen and Norway's biggest employers' organization, NHO, are warming up to innovative new aspects of the "sharing economy" like lodging service Airbnb...
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