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Thursday, June 4, 2026

Tag: oil prices

New Statoil chairman takes over

Øystein Løseth took over as the new leader of Statoil's board of directors on Wednesday, and he's no stranger to writedowns and cutting staff....

Traffic decline may halt airport plans

For the first time in years, airline passenger traffic through Norwegian airports has logged a decline. The unexpected descent from sky-high levels is linked...

Quarrel arises over extent of oil ‘crisis’

NEWS ANALYSIS: As the consequences of lower oil prices seep into Norway's economy, industry leaders and the government are quarreling over whether the country now...

Another oil firm slashes 1,500 jobs

It's been a bad week so far in the Norwegian oil industry, with at least 3,000 more jobs disappearing as low oil prices force...

More job cuts loom at Statoil

Norwegian state oil company Statoil faces more dark days ahead, with newspaper Dagens Næringsliv (DN) reporting that another 2,000 jobs are about to be...

Job cuts spread to Rolls-Royce maritime

Rolls-Royce's maritime division was holding information meetings for employees this week, as its Norwegian operations in Sunnmøre and Hordaland plan staff cuts. They'll be...

Analyst predicts ‘new oil age’

Finally some good news for Norway's suddenly hard-pressed oil industry: A top energy analyst told a packed conference in Stavanger this week that he...

Subsea 7 layoffs came despite new contract

Last Friday the Norwegian division of the offshore firm Subsea 7 won a contract worth NOK 2.2 billion (USD 300 million) for work on...

Economic slowdown hits immigrants

Fewer labour migrants from Europe are arriving in Norway, and immigrants already in the country are among the first to be losing their jobs as the country's...

More welfare in revised budget

Finance Minister Siv Jensen was offering more state funding for social welfare programs as she rolled out the government's revised state budget on Tuesday. The extra money was widely...
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