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Thursday, June 4, 2026

Tag: oil prices

Oil industry cutbacks also cut the ‘julebord’

After years if not decades of throwing lavish Norwegian Christmas parties for their employees, downsized oil companies are also cutting back on the traditional parties known...

Another 200 jobs to be cut, now at Kongsberg Maritime

Management at Kongsberg Maritime, a division of the large industrial firm Kongsberg Gruppen, announced Monday that 200 jobs will be cut in a downsizing...

200 lose jobs in shipyard bankruptcy

The bankrupcy filing this week of Noryards Fosen shipyard in Trøndelag will throw another 200 people out of work, the latest casualities of the slowdown in...

Statoil may move many jobs abroad

Statoil, still Norway's biggest company, is now seriously evaluating whether to move hundreds of administrative jobs to a lower-cost "business center," probably in an eastern...

300 lose their jobs at oil service firm

Norway's rising unemployment rate looked likely to edge up even more after offshore oil service company MHWirth announced that 300 of the firm's employees in...

Sverdrup fuels oil fortunes again

Norway's huge new Johan Sverdrup oil field has once again revived sagging spirits in the country's oil and offshore industry. Just a day after...

Oil fund tapped, but ‘krone’ was stable

Never before has a Norwegian government tapped so much of its oil revenues for use in a state budget, but the actual amount (NOK 194...

New light amidst economic gloom

Record-low interest rates, a weaker but far more competitive currency and even prospects for increased defense spending are shedding some new light on Norway's sudden economic gloom....

Layoff notices to NAV have tripled

NAV, Norway's state welfare agency that processes everything from pensions to unemployment benefits, has reported that local employers have warned them of upcoming layoffs...

Krone falls on interest rate cut

The value of Norway's currency, the krone, took another dive on Thursday after the country's central bank cut its key lending rate again by a...
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