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Thursday, June 4, 2026

Tag: oil prices

Aker Solutions cuts more jobs

Offshore and engineering firm Aker Solutions has told its employees in Stavanger that as many as 300 more jobs may be cut because of...

Unemployment to hit 10-year high

Joakim Lystad, head of Norway's work and welfare agency NAV, has some sobering news regarding the country's low unemployment rate. It's now rising faster than expected,...

No big pay raises loom this year

Gerd Kristiansen, the head of Norway's largest trade union federation LO, is warning union members not to expect any big pay raises this year....

Olsen: ‘Don’t spend more oil money’

Øystein Olsen, chief of Norway's central bank, used his closely watched annual address on Thursday to warn politicians against tapping into more of the...

Oil service firm cuts up to 300 jobs

The effects of lower oil prices continue to be felt in Norway, with oil services firm MH Wirth cutting its staff by between 200...

Statoil’s ‘uncertainty’ grips the market

The new chief executive of Statoil, Eldar Sætre, welcomed reporters to a press conference on Friday by saying it was "a time with much...

Statoil sees its profits plummet

The recent dive in oil prices has taken a toll on profits at Norway's state-controlled oil company Statoil. Now the company is bracing for more...

Acting CEO takes over at Statoil

Eldar Sætre claimed he didn't want to become Statoil's new chief executive on a permanent basis when he was named acting CEO last fall....

Oil prices jumped, and so did Statoil

North Sea crude oil was suddenly trading for more than USD 55 a barrel on Monday, reversing a long decline that began last year....

Crown Prince Haakon offered condolences in Riyadh

Norway isn't at all happy over how Saudi Arabia punishes its citizens and infringes on basic human rights, but the country sent Crown Prince Haakon to...
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