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Monday, June 22, 2026

Tag: oil

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...

Norway waits for Putin’s next move

Russian President Vladimir Putin was being widely credited or blamed for the sudden rise in oil prices towards the end of this week. With prices...

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...

Statoil warned against new Iran scandal

Norwegian companies are joining others from all over the world in eyeing new opportunities in Iran, after sanctions against Iran were lifted earlier this...

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...

Statoil’s Lundin stake can fend off rivals

Statoil's surprise purchase late last week of an 11.9 percent stake in the Swedish family-controlled Lundin Petroleum has set off speculation in Norway as...

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