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Thursday, June 4, 2026

Tag: offshore

Huge new oil field caught in conflict

Norway's new Johan Sverdrup oil field, located just 140 kilometers off the coast of Stavanger, may be as important for the Norwegian economy as the country's...

Oil service firm cuts up to 300 jobs

The effects of lower oil prices continue to be felt in Norway, with oil services firm MH Wirth cutting its staff by between 200...

Mohn buys into Arctic Securities

One of Norway's wealthiest businessmen, Trond Mohn, has brought a 12.5 percent ownership stake in Arctic Securities in Oslo, and will become part of...

Big oil service firm merger rocks the North Sea

Norway's oil industry is expected to be affected by the announcement this week that Halliburton, long a major player in the Norwegian oil service sector,...

Job losses loom at Egersund yard

UPDATED: Norwegian industrial firm Aker Solutions may need to let around 1,500 contract workers go at its offshore yard in Egersund on Norway's southwest coast...

Russian billionaire gains offshore foothold

Russian billionaire Mikhail Fridman has suddenly emerged as a major player in several offshore Norwegian oil fields, after taking over RWE Dea of Germany. RWE boasts...

Statoil plans to slash more jobs

Norway's state oil company Statoil, faced with falling oil prices and rising costs, reportedly plans to cut another 500 jobs on its offshore platforms....

Offshore job cuts fuel safety threat

A recent rash of job cuts in Norway's once-booming oil sector is now leading to concerns that offshore installations won't get the monitoring and maintenance...

Cuts hit economy, boost environment

The major cost- and job-cutting now going on within Norway's oil and offshore industry "will be felt throughout the entire national economy," claims one...

Dramatic end to the Dynamic Duo

NEWS ANALYSIS: For nearly two decades, Norway's legendary shipping tycoon John Fredriksen and his right-hand man Tor Olav Trøim built up Fredriksen's fortunes as the country's own "Dynamic...
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