Oil climbs from three-month low as more oil workers strike in Norway

Jul 17 2018

Brent crude prices rose from a three-month low after more oil workers went on strike in Norway, supporting a market that has been dominated by oversupply issues in recent days.

EU opposes President Sirisena's decision to implement death penalty in Lanka

Jul 16 2018

The European Union (EU) and diplomatic missions of Canada and Norway in Sri Lanka today "strongly and unequivocally" opposed President Maithripala Sirisena's decision to implement the death penalty in the country.

Norwegian bank DNB's second-quarter earnings fall short of expectations, shares drop

Jul 12 2018

Norway’s DNB, the country’s largest bank, reported second-quarter earnings below expectations, partly due to a weak performance in its trading operations, sending its shares lower.

Stocks, metals hit by new US trade war salvo

Jul 11 2018

Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war.

Hundreds of Norway oil workers start strike, one field shut

Jul 10 2018

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated oilfield and helping to send Brent crude prices higher.

Shell shuts down Norway's Knarr oil and gas field due to strike

Jul 10 2018

Royal Dutch Shell (RDSa.L) is shutting down production at its Knarr field in the North Sea after workers walked out on strike, the company said.

Rolls-Royce to sell commercial marine business for $661 million

Jul 06 2018

Rolls-Royce Holdings said it would sell its loss-making commercial marine business to Norway’s Kongsberg Gruppen ASA for 500 million pounds ($661 million).

Equinor submits Troll Phase 3 development plan

Jul 03 2018

Equinor submitted a 7.8 billion Norwegian crowns plan to develop gas reserves in the western part of its Troll field, the largest natural gas source off Norway.

Sweden's Nordea Bank to buy Norwegian insurer Gjensidige for $673 million

Jul 02 2018

Sweden’s Nordea Bank AB said it would buy Gjensidige Forsikring, for about 5.5 billion crowns in cash to expand in the Norwegian market.

Neptune Energy buys VNG's oil and gas assets off Norway, Denmark

Jun 28 2018

Private equity-backed Neptune Energy has agreed to buy the Norwegian and Danish offshore oil and gas assets of German gas utility VNG, the companies said.

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