More than 150,000 people worked in Norway’s oil and related industries in 2019
In 2019, 158,400 people were employed either in the oil industry or in related industries. Furthermore, 68,300 people worked either on oil and gas extraction,…
Oil industry in Norway
The oil tax cut package could cost the Norwegian state 10 billion kroner
The bill for the oil tax package that the Norwegian parliament approved (Storting) last year is growing. The oil tax package from June last year…
Looming oil workers’ strike could paralyze the Johan Sverdrup field
The mediation between the union Safe (representing oil workers) and the Norwegian Oil and Gas organization started on Monday. If the parties do not reach…
Report: Up to 90,000 oil jobs in Norway could disappear in the next ten years
In a scenario with lower-than-expected oil prices, as much as 60% of oil jobs in Norway could disappear by 2030, according to a report that…
Investments in oil and gas in Norway increased in 2020
Investments in oil and gas in Norway increased last year despite the corona pandemic. “Last year, investments were at roughly NOK 150 billion. That corresponds…
Norway’s security agency warns about Russian spaying in oil sector, Moscow responds: “Primitive propaganda”
In a new report, PST states that Russia and China are spying on the Norwegian oil sector. At the same time, Russia believes PST is…
Norway receives large number of applications for oil exploration on the Norwegian Continental Shelf
The Norwegian Ministry of Petroleum and Energy has received a large number of applications from 33 oil companies in the licensing round Awards in Predefined…
