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Thursday, June 4, 2026

Tag: oil prices

Statoil’s former CEO defends expansion

Not much has been heard from Helge Lund since he quit Statoil just as oil prices started to dive and results from his overseas expansion...

Economy still ‘robust’, but ‘vulnerable’

The day before Oslo's stock exchange took a dive along with others all over the world on Wednesday, the OECD (Organization of Economic Cooperation...

Cheers and anger over oil field plan

Statoil's latest plans for its large Johan Castberg oil field off the coast of Northern Norway have cheered the oil industry, but enraged local officials...

‘Help wanted’ ads fall with oil price

The volume of vacant jobs advertised online in Norway has fallen to its lowest level in at least seven years, according to a website...

Oil workers fish for new seafood jobs

Norway's booming seafood industry is suddenly attracting a whole new school of workers, from the beleaguered oil and offshore sector. Crews who once worked...

Salmon worth more than a barrel of oil

One farmed Norwegian salmon weighing around 4.5 kilos was worth more than a barrel of Norway's North Sea crude oil at the end of this...

More job cuts loom at Aker Solutions

Norway's major oil service and engineering company Aker Solutions warned Friday that it likely will need to cut another 900 jobs, because of ongoing shrinkage in...

Odfjell cuts jobs as oil price sinks

Odfjell Drilling, one of Norway's major rig companies serving the oil industry, slashed 20 percent of its workforce on Wednesday as the price of...

Central bank boss: Still ‘no crisis’

Norwegian wage-earners will have to settle for little if any increase in their purchasing power this year, and several thousand will need to find...

Falling oil price costs another 100 jobs

Another 100 workers in the oil industry in Stavanger got the bad news on Monday that they're about to lose their jobs. The dive...
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