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Thursday, June 4, 2026

Tag: oil prices

Higher oil prices fuel Barents plans

Oil prices have now nearly doubled since the beginning of the year, and that's refueling huge and risky interest in Norway's offshore portions of the Arctic. While seafood producers voluntarily...

Shell to cut 140 jobs in Norway

Major Dutch oil company Shell has become the latest to cut more jobs in Norway. Around 140 positions will disappear and all employees are...

Jensen dips into the oil fund again

Norwegian Finance Minister Siv Jensen announced plans on Wednesday to bolster Norway's surprisingly resilient economy once again, by tapping another NOK 10.4 billion of...

Strong sales stun the doomsayers

Cars sales are up, construction firms are busy, housing prices are higher than ever and unemployment figures are declining, even in some areas of...

Warnings issued over interest rates

High debt levels in Norway combined with a sudden spike in interest rates could quickly hit the country's economy harder than cutbacks in the oil...

Statoil cuts oil production in Alberta as fire rages

Norwegian oil company Statoil has cut oil production at its controversial oil sands project in Alberta, Canada because of the massive forest fire raging in...

Norway copes with a national tragedy

As grim work continued in the aftermath of Friday's helicopter crash near Bergen, Norwegian police could release the identities on Monday of eight of its victims....

Profits predictably plunged at Statoil

Norway's largest company Statoil, battered by the fall in oil and gas prices, saw profits plummet once again during the first three months of...

Another job cut alarm sounds in Statoil

Norwegian oil company Statoil may need to cut as many as an additional 500 jobs, reported newspaper Stavanger Aftenblad on Monday. The cuts would...

More jobs disappear at oil and offshore firms

National Oilwell Varco (NOV) has confirmed that another 520 of its employees will be laid off, the latest casualties of the sharp economic downturn...
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