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Thursday, June 4, 2026

Tag: oil prices

Aker firm may cut another 800 jobs

Between 500 and 800 employees of the oil service company MHWirth in Kristiansand may lose their jobs, the head of the company's owner said...

Law firm addresses rights of foreign workers

After years of economic growth, downsizing has become alarmingly common among Norwegian businesses reeling from the sharp decline in oil prices. A law firm in...

Gas revenues outstrip oil

For the first time, the value of Norway's gas exports is now higher than its oil exports. The reason is tied to the sharp fall...

Tourism booms as economy weakens

Amidst all the recent concern over falling oil prices and rising unemployment, Norway's important tourism industry is reporting a banner year. Hotels and, not least,...

Oil price dive hits SAS in Norway

Scandinavian Airlines (SAS) reported major improvements in its third-quarter results but admits it's struggling with the economic downturn in Norway caused by the dive in...

Housing prices hit highest level ever

Even though unemployment is rising and Norway's economic boom is fizzling, housing prices hit their highest level ever in August. They rose another 2.5...

Laid-off expats get some legal advice

STAVANGER: At least two members of the sombre seminar audience were holding hands, while others sought comfort in some gallows humour. All of them,...

The challenges in delivering bad news

Life is punctuated by bad news, notes clinical psychologist Nicola McCaffrey, and there's been a lot of it in Norway lately as the country's economic boom...

Coping with a ‘necessary crisis’

The steep decline in the price of oil has already cost thousands of jobs in Norway and triggered uncertainty in a once-gushing industry, yet even the...

Aker job cuts signal new wave of layoffs

Oil industry officials were fearing a new wave of layoffs on Tuesday after Norway's large oil service firm Aker Solutions announced that as many as...
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