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Thursday, November 7, 2024

Tag: oil prices

Krone weakens on lower oil prices

Norway's currency, the krone, has weakened considerably against the US dollar in the past several days. Analysts mostly blame lower oil prices, but one...

Offshore firms warned of ‘brutal winter’

Norwegian companies that own and operate vessels serving offshore installations have been told that it's going from bad to worse in their business. Nearly 130 anchor-handling...

Oil price concerns marred anniversary

Just as Norway's elite were gathering on Thursday to celebrate the 5oth anniversary of the country's oil industry comes warnings of a new oil price...

Oslo stocks rose with the oil price

Statoil's share price jumped more than 5 percent and the main index of the Oslo Stock Exchange was up nearly 2 percent on Thursday,...

Another 300 workers idled in the oil industry

Aker Solutions is furloughing another 100 employees, while rival FMC Technologies is also letting go 200 of its workers in its subsea service operations. The...

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...

Pain of job losses acute in Stavanger

Two years after the oil and offshore industry seriously started slashing jobs, the sharp pain of job losses is now really striking many of those out...

Economy ‘bottoms out,’ krone to rise

Norway's biggest bank thinks the Norwegian economy has bottomed out for now, predicting some new growth ahead, less reliance on oil prices and a...

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,...
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