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Thursday, June 4, 2026

Tag: oil prices

Students drop petroleum program

Hard times in the oil and offshore industry are reflected in the numbers of students, or lack thereof, applying to participate in oil-related programs....

‘Game of krones’ surprises players

Norway's krone was keeping currency players busy on Tuesday, zooming back up to a value higher than it was before OPEC ministers failed to reduce oil production...

Oil prices sank after OPEC disagreement

UPDATED: The value of Norway's currency, the krone, fell along with the price of oil after members of the OPEC oil cartel failed to strike...

Seafood boom helps ease ‘crisis’

While Norway's important oil and offshore industries battle what's widely believed to be a "crisis," the seafood industry is booming. High prices and record exports...

Solberg drums up Asian trade

Prime Minister Erna Solberg was wrapping up official visits to Singapore and South Korea this weekend, ending her Asian tour by calling for even tighter...

Shipping sinks into ‘crisis’ mode

As hard times spread through oil and offshore companies, Norway's large shipping industry is suffering, too. Dramatic ripple effects were recently revealed by the Norwegian Shipowners'...

Oil firms still see hard times ahead

Statoil isn't backing away from its major cost-cutting program and now also aims to reduce pay levels at the state-controlled oil company. Three out of...

Krone strengthens on oil price rise

Norway's volatile currency, the krone, has been much stronger this week than it was earlier this year, and analysts point to the recent rise in oil...

Hundreds to lose jobs at FMC

Yet another oil service company has warned this week of hundreds of pending job cuts. FMC Technologies announced that more than 700 employees will...

Oil service firms warn of more job cuts

Aibel and National Oilwell Varco are among oil and offshore companies warning of more job cuts, with hundreds of employees likely to soon be out...
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