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Sunday, June 21, 2026

Tag: oil

Oil production higher than expected

Norway's state oil directorate reported that 1.4 million barrels of oil were produced on the Norwegian Continental Shelf in June. The total production was lower...

Pending FMC layoffs lead to calls for an ambulance

Around 500 employees at FMC Kongsberg Subsea are being warned of possible layoffs this month. Some of them reportedly are taking the news so hard that...

Hundreds more set to lose their jobs

Subsea 7, the Norwegian-owned offshore firm that specializes in underwater seabed-to-surface engineering and construction services, is poised to lay off another 1,200 employees. The...

Strike averted in offshore sector

Oil drilling and other offshore operations could continue as usual on Wednesday after employers and unions representing their employees struck a new collective bargaining...

Strike loomed in new offshore drama

They already earn the equivalent of nearly USD 100,000 a year for working far less hours than most land-based employees, but offshore workers on...

Birthday bash for the nation’s bank

It's been 200 years since Norway, armed with a new constitution and determined to be its own sovereign nation, managed to win approval for the creation...

Lund launches new ventures

UPDATED: Statoil's former chief executive, Helge Lund, has found something else to do after his new job at BG Group evaporated when the company...

Røkke ‘proud’ over Aker-BP merger

Norwegian industrialist Kjell Inge Røkke said Friday he was "very proud" that the Norwegian division of British oil giant BP "had chosen" to merge with Norwegian...

Groundings also hit rescue operations

North Sea oil rigs and now also search and rescue operations in Norway won't be allowed to use the Airbus H225 "Super Puma" helicopters any time soon....

Oil Fund celebrates its first 20 years

Øystein Olsen has a lot to celebrate this week. He beat out all competition to keep his job as Norway's central bank chief for another six...
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