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Thursday, June 4, 2026

Tag: oil prices

New boss puts his stamp on Statoil

Statoil's new CEO, Eldar Sætre, reported some heavy losses last week, but they helped put his mark on the company while he keeps an eye out...

Shell cuts oil jobs in Norway

Oil giant Shell has become the latest to slash jobs in the wake of lower oil prices and a reduction in activity. The Dutch company...

Statoil engineers face new job cuts

More job cuts loom at Norway's biggest company, Statoil, as it tries to slash costs in the face of much lower oil prices. All of its 12,000...

Stock exchange record tied to low interest rates

Tuesday's burst of activity on the Oslo Stock Exchange was being linked on Wednesday to low interest rates and the attractiveness of companies benefiting...

Hard times cancel big oil exhibition

UPDATED: ONS Foundation, which runs Norway's large oil industry exhibitions in Stavanger, has decided to cancel this year's gathering of  industry players active on the...

Oil companies slash expenses, travel

Cutbacks in the oil and gas industries are seeping into other areas of the Norwegian economy, as companies slash costs for travel, representation and...

Oil workers seek more secure jobs

Norway's oil industry is no longer pumped up by profits or the confidence that comes with job security. The good times abruptly stopped rolling...

Hotel market goes ‘from bad to worse’

The slowdown in the oil sector has hit Norway's hotel industry hard, especially in Stavanger when revenues per room have declined by 30 percent...

‘Cuts loom without shift away from oil’

Prime Minister Erna Solberg delivered a tough message as her government gathered for its first budget conference of the year on Monday: Major spending cuts...

Pareto Securities cuts staff

Several employees of Oslo-based Pareto Securities have had to leave the company in recent weeks, while bonuses paid out to Pareto partners are being cut. The...
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