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Sunday, June 21, 2026

Tag: oil

‘Goliat’ problems spark inquiry

Safety concerns and accusations of a "clown culture" on board the huge Goliat oil platform in the Barents Sea have sparked an inquiry from Norway's Labour...

‘Damn the climate, full steam ahead!’

To drill or not drill? That was the question debated in depth during the recent major oil industry conference, ONS, in Stavanger, where one outspoken...

Statoil cuts more jobs and costs

Norway's largest company, Statoil, reportedly plans to slash another 250 jobs, with this round cutting into the areas of health, safety and environmental matters. At...

Solberg slammed for her devotion to oil

Reaction was fast and furious after Prime Minister Erna Solberg not only announced that her government wants to increase offshore oil exploration but also open up...

Big ONS oil bash still draws in crowds

Thousands of oil and offshore industry players are converging on Stavanger again this week for the latest Offshore Northern Seas conference (ONS). Predictions that the...

Stronger krone and higher food prices send shoppers fleeing over the border

Norway's currency, the krone, has suddenly regained strength in recent weeks and that, combined with a sharp rise in food prices at Norwegian grocery stores...

Analysts warn of risk tied to Statoil’s huge Brazil investment

Norwegian oil analysts claimed that oil prices will need to rise to USD 70-80 a barrel, up from less than USD 45 at present,...

Statoil eyes new cuts in North Sea

Norwegian oil company Statoil will have slashed its costs by around NOK 2.5 billion a year when it wraps up its so-called STEP efficiency program at the...

Statoil’s loss sends its shares tumbling

Norway's largest company, state-controlled oil firm Statoil, released results Wednesday morning that were "much, much worse than expected," sending chills throughout the market and the country's...

Authorities probe Statoil’s dominance

Oil service and shipping companies have been among those worrying the most that Norway's state oil company Statoil has too much market power on the Norwegian...
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