Cookie Consent by Free Privacy Policy Generator
15.3 C
Oslo
Thursday, June 4, 2026

Tag: oil prices

Analysts warn of risk tied to Statoil’s huge Brazil investment

Norwegian oil analysts claimed that oil prices will need to rise to USD 70-80 a barrel, up from less than USD 45 at present,...

Statoil eyes new cuts in North Sea

Norwegian oil company Statoil will have slashed its costs by around NOK 2.5 billion a year when it wraps up its so-called STEP efficiency program at the...

Statoil’s loss sends its shares tumbling

Norway's largest company, state-controlled oil firm Statoil, released results Wednesday morning that were "much, much worse than expected," sending chills throughout the market and the country's...

Authorities probe Statoil’s dominance

Oil service and shipping companies have been among those worrying the most that Norway's state oil company Statoil has too much market power on the Norwegian...

Oil production higher than expected

Norway's state oil directorate reported that 1.4 million barrels of oil were produced on the Norwegian Continental Shelf in June. The total production was lower...

DNB loan losses ‘shocked’ market

Norway's biggest bank, DNB, has been logging huge profits for years but is now feeling the effects of the dive in oil prices. The pain...

Pending FMC layoffs lead to calls for an ambulance

Around 500 employees at FMC Kongsberg Subsea are being warned of possible layoffs this month. Some of them reportedly are taking the news so hard that...

Hundreds more set to lose their jobs

Subsea 7, the Norwegian-owned offshore firm that specializes in underwater seabed-to-surface engineering and construction services, is poised to lay off another 1,200 employees. The...

Strike loomed in new offshore drama

They already earn the equivalent of nearly USD 100,000 a year for working far less hours than most land-based employees, but offshore workers on...

Lund launches new ventures

UPDATED: Statoil's former chief executive, Helge Lund, has found something else to do after his new job at BG Group evaporated when the company...
1...456...20Page 5 of 20

FOR THE RECORD

MOST READ THIS WEEK

CURRENCY RATES
For up-to-date info on exchange rates and currency news, Newsinenglish.no recommends ExchangeRates.org.uk - Exchange Rates UK
For more news on Arctic developments.

NewsInEnglish.no is a free and independent Oslo-based website offering news from Norway.  It’s run on a voluntary basis by veteran journalists keen to share insight into Norwegian politics, economic affairs and culture, in English.

© 2026 News In English | Produced by Robby.no | Update cookies preferences