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Sunday, June 21, 2026

Tag: oil

Exxon the latest to sell off oil fields

ExxonMobil has become the latest international oil major to cut back on its Norwegian operations, after announcing an agreement Wednesday to sell the Balder...

Shell cuts another 231 jobs

The oil industry crisis isn't over for the Norwegian subsidiary of Dutch oil company Shell. Its Shell Norge unit plans to lay off 75 full-time employees...

DNB pulls out of Dakota Pipeline

Norway's biggest bank, DNB, has responded to public protests and political criticism over its involvement in the highly controversial Dakota Access Pipeline project in...

Statoil makes more big investments in Sverdrup

Norwegian oil company Statoil was busy handing out more large contracts this week, and raising spirits in the still-sluggish oil and offshore industry. This time...

Conflicts of interest ram Center Party

Ola Borten Moe is a former Oil & Energy Minister for the Center Party who now leads its program committee heading into the next national election. He's...

Kværner wins huge Statoil contract

A contract for upgrading Statoil's Njord A platform was being formally awarded to the Kværner Stord yard on Norway's West Coast on Friday. The contract is...

Aker Solutions sale report downplayed

Stock in Norwegian oil services company Aker Solutions soared on Tuesday after a local newspaper reported that it was about to be sold to US-based Halliburton....

Oil minister ‘crazy’ to open oil fields

Fishing industry- and environmental advocates were reacting with disbelief on Tuesday after Norway's new Oil & Energy Minister Terje Søviknes announced plans to open up...

Oil enthusiasm fails to dip on price fall

Oil prices have fallen recently and so has the value of Norway's currency, the krone, but that's not dampening enthusiasm for those who still...

Norway’s Oil Fund just keeps growing

Analysts and politicians weren't expecting much, but Norway's huge sovereign wealth fund known as the Oil Fund logged a good year last year. It...
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