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Thursday, June 4, 2026

Tag: oil prices

One US dollar may soon cost NOK 10

Even though oil prices have been creeping upwards and Norway's krone has strengthened a bit, at least one currency exchange strategist thinks the recovery...

Another 600 lose jobs at Aker Solutions

The low level of investment and activity in the oil and gas sector has prompted offshore company Aker Solutions to lay off another 600...

Experts split over oil price damage

Norwegian business leaders and economic forecasters are split over whether the ill effects of low oil prices are now spreading nationwide. Some think the "oil...

Layoffs and paycuts hit more companies

Norwegian workers in the oil and offshore industry are facing more trauma, while the country's economic growth is slowing to a crawl. Several companies are now...

New Statoil cuts worry suppliers and employees

Even though Norway's state oil company Statoil reported some large losses on Thursday, its share price soared because investors hailed the company's plans to...

Another oil rig company cuts up to 200 jobs

Citing an "extremely demanding" market, Songa Offshore announced on Monday that it would reduce staff by as many as 200 people. The move makes...

Aker Solutions snares big new contract

The crisis-hit modifications and maintenance division of Oslo-based oil service firm Aker Solutions got some welcome news on Monday. It won a major contract...

BP latest to slash oil jobs in Norway

British oil company BP has become the latest oil industry player to relieve itself of costly staff in Norway, to help offset the impact...

Repatriation: The rocky road home

SPECIAL FEATURE: Tougher economic times in Norway, brought on by the fall in oil prices, mean many expatriates in the country are now dealing with...

Foreign workers told to go home

For years, Norway's oil capital of Stavanger needed and welcomed engineers and other oil industry workers from other countries. Now, with the boom years over...
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