Moody’s is considering a downgrade of Statoil
Due to the low oil price the credit rating agency Moody is considering downgrading the group’s creditworthiness, the company said in a statement Friday morning….
Finance
A strong upswing at the the Oslo Stock Exchange
The main index at the Oslo Stock Exchange followed the price of oil and increased by 4.14 percent Friday. The closing index was at 552.62…
DNB will remove all of the cash in Norway
DNB believes the dangers and disadvantages of cash means it’s time to phase them out as payment. At present, there is about NOK 50 billion…
Norway have lost 525 billion on the stock market crash
The Stock market plunge in in 2016 has so far cut the value of the oil fund with NOK 525 billion. , According to the…
Switzerland put an end to hidden bank accounts
Norway and Switzerland have agreed that information on Norwegian bank accounts in Switzerland from 2018 automatically will be forwarded to the Norwegian tax authorities. A…
Record production at Sheringham Shoal
This is a monthly generation record for the wind farm. Sheringham Shoal’s December 2015 production of more than 170 GWh was well above the budget…
A sharp fall on the Oslo Stock Exchange
The falling oil prices and a turmoil in Asian markets gave a heavy start to the day on the Oslo Stock Exchange. After about half…
PSA says yes to Goliath
Eni Norway has received consent from the PSA to use the Goliath platform in the Barents Sea. The consent was granted based on documentation that…
New book: – Possible cuts in the budget for aircrafts
A new book reveals that high exhange rates for the dollar, a tight defense budget and partner countries that cut in their orders may force…
Avinor announces restructuring plan
As a part of the efforts to streamline and strengthen the company, Avinor has decided to reorganise and reduce staffing in staff and support functions….
Every fourth company has one or more
28 percent of all Norwegian enterprises suffer from “unfaithful servants”, the crime and security survey for 2015 shows. – Insider threat is a major problem…
Statoil aquires shares in Lundin
Statoil has acquired 11.9 percent of the shares in the oil company Lundin Petroleum. The price tag is 4.6 billion Swedish kronor. The investment in…
DNB: Can get highest unemployment since 1972
The investments in the oil sector will continue to decline in 2016, and the impact will spread in the economy, according to DNB Markets in…
230 offshore employees lose their jobs in Odfjell
This is a new negative and regrettable decision that we have been forced to take because of the development that has been in the market…
Oil analyst: – We may see a price under 30 dollar
The oil prices continue to fall, and the main reason is the concern about China’s demand. It is not impossible that the price falls below…
Norway delivered a record volume of gas last year
Never before has it been delivered more gas from Norway to Europe. In 2015 was 108 billion cubic meters of gas sent from the Norwegian…
The central bank boss predicts a better economy in 2017
The central bank boss is cutting the interest rates and predicts that 2016 will be a challenging year, but believe that the economy will recover…
Another 100 will lose thei job in Aibel
Market failures lead to 100 employees in the oil service company Aibel in Stavanger is losing their jobs. The employees in the oil company got the…
Food prices fell 3.0 per cent last month
The Consumer Price Index (CPI) dropped 0.4 per cent from November to December 2015, mostly due to lower food prices. The year-to-year growth in the…
Tourism Minister: The hotel attack in Egypt was robbery attempt
The attack on Bella Vista Hotel in Hurghada was a robbery attempt, not a terrorist attack, according to Egypt’s tourism minister. Three foreign tourists were…