norway

By Mikael Holter (Bloomberg) — Norway’s biggest bank is done comparing: The downturn in the country’s offshore services market has no precedent.

By Mikael Holter (Bloomberg) — Norway is seeking greater leeway to restrict foreign ownership of its offshore fields, a move seen to be potentially

By Lefteris Karagiannopoulos, Sonali Paul and Aaron Sheldrick OSLO/MELBOURNE/TOKYO, April 28 (Reuters) – Norway and Australia are racing each other

Norwegian officials have given the green light to fully finance what is set to become the world’s first full-scale ship tunnel, bypassing one of the most

Update (Thursday, Feb 23): Tugs have taken the stricken barge carrier Tide Carrier under tow and the ship is no longer in danger of grounding. The

By Nerijus Adomaitis OSLO, Feb 20 (Reuters) – Cost cuts by Norway’s oil and gas industry appear to have contributed to a rise in accidents in

By Gwladys Fouche and Jonathan Saul OSLO/LONDON, Feb 6 (Reuters) – The pace of consolidation in the crisis-hit shipping industry accelerated on Monday

OSLO, Jan 26 (Reuters) – Subcontractors to the oil industry, including supply vessel owners, seismic shippers and rig firms, will continue to face

By Mikael Holter (Bloomberg) — Cost cuts are painful, but for Norway’s oil industry making every penny count has also yielded a surprising

By Sveinung Sleire (Bloomberg) — Reducing Norway’s oil dependency and living up to campaign promises is proving a costly affair for Prime Minister Erna

By Mikael Holter (Bloomberg) — The man overseeing energy policy in western Europe’s biggest oil-producing nation says the worst downturn in the

Norwegian offshore service vessel owner Farstad has announced it has been secured work for a total of six vessels offshore Australia. The company said Friday

By Mikael Holter (Bloomberg) — Norway has this year politely declined invitations from OPEC to join talks on curbing oil production. Its strategy is now

By Mikael Holter (Bloomberg) — Oil and gas companies in Norway cut spending forecasts for 2017, deepening what was already a record reduction in offshore

Update: The fire on board the Scarabeo 5 has been brought under control. All 106 crew are safe and accounted for. A fire broke out Tuesday in the engine

By Mikael Holter (Bloomberg) — The offshore fleet tending to Norway’s oil industry, already sailing through the worst downturn in a generation, is

By Mikael Holter (Bloomberg) — As oil majors are considering exiting Norway, the government is warning them that they could still be on the hook for

Icelandic shipping company Eimskip has entered into an agreement to aquire Norwegian shipping and logistics company Nor Lines. Eimskip described Nor Lines as a

by Mikael Holter (Bloomberg) Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and

  By Stephen Treloar   (Bloomberg) — Norway is facing the first oil worker strike since 2012 as government-mediated talks for platform