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Thursday, June 4, 2026

Tag: oil prices

Another 160 jobs lost, at Wärtsila

The Norwegian operations of Wärtsila, a major supplier to the oil and offshore industry, announced Thursday it was cutting so many jobs that as many as 160...

Rolls-Royce Marine to shut down plant

Norway was hit with the prospect of another major round of job losses when Rolls-Royce Marine announced Wednesday it would shut down its plant...

Officials’ tip: ‘Fill tank on Sundays’

State officials in charge of regulating competition in Norway are urging motorists to buy gasoline (petrol) on Sundays, when the price usually dips before being jacked...

Another 700 oil industry jobs disappear

More than 700 people working in the oil industry have lost their jobs so far this summer, reports DNB Markets. An overview prepared by DNB's...

Laid-off expats denied benefits

As layoffs in the oil industry abound, many foreign workers and expatriates who've lost their jobs in Norway are discovering that they're being denied unemployment...

Statoil hit again by lower oil prices

Norway's state oil company Statoil reported another decline in pre-tax profits on Tuesday, but not as steep as many analysts had predicted. Operating results...

Norway’s ‘krone’ caught in a storm

UPDATED: Never before has Norway's currency, the krone, had a more unstable summer, according to analysts in Oslo. It's as unstable as the weather...

Iran pact welcome despite the costs

Norwegian Foreign Minister Børge Brende said he welcomed the international agreement on Iran's atomic program that was announced  on Tuesday, even though it's likely to cost...

Krone falls along with oil prices

It was costing more than eight Norwegian kroner to buy one US dollar on Monday morning, the weakest level for Norway's currency in several...

‘Vendetta’ implied in oil field conflict

Norway's huge new Johan Sverdrup oil field has been Oil Minister Tord Lien's pride and joy in the midst of the country's oil industry slowdown, but...
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