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Saturday, May 21, 2022

Tag: oil prices

Oil price collapse ‘is now behind us’

An optimistic Norwegian government presented a revised state budget on Thursday that proposes few changes in the annual budget for 2017 that was approved in December....

Fredriksen scrambles to save Seadrill

Norwegian shipowner and industrial tycoon John Fredriksen, long listed as one of the wealthiest men in the world, says he's working 18 hours a...

Statoil scolded over workers’ buyouts

Norway's state oil company Statoil was the target of some angry editorials and complaints this week, after newspaper Dagens Næringsliv (DN) reported just how...

Offshore crisis led to major merger

Norway will soon be able to claim a giant in the offshore shipping industry, after Norwegian tycoons Kjell Inge Røkke and John Fredriksen announced a...

Expert warns of Arctic drilling risks

A highly acclaimed Oxford professor who's considered an expert on energy research has thrown cold water on Norway's hopes for a new oil era...

Statoil ‘finished’ with job-cutting

Norway's biggest company, Statoil, started off the New Year with some good news for employees: Management has decided it's "reached its goal" for staff...

Norway ‘rigged for an economic upturn’

Oil prices will rise, Norway's krone will regain strength, unemployment will top out and housing prices will shoot up even higher. That's the overall outlook...

Norway’s new reality sets in

NEWS ANALYSIS: As government leaders scurried from one state budget crisis meeting to another heading into the weekend, Norway's oil- and oil-related companies have...

Oil industry slump due to turn around

UPDATED: Oil prices rose sharply on Wednesday, and the value of Norway's currency, the krone, immediately jumped as well after the oil cartel OPEC...

Offshore crisis due to worsen

One of Norway's deeply troubled offshore firms, Havila Shipping, managed to avoid being put into bankruptcy on Monday, but the crisis in the offshore...

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