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Nerijus Adomaitis

Alone among peers, Norway raises rates, eyes two more hikes

Jun 20 2019

OSLO Norway's central bank raised its main interest rate on Thursday, as expected, and said it may hike again in September and in the first half of 2020 as domestic strength trumps a global economic slowdown, strengthening the crown currency.

Seismic surveyor PGS calls off debt refinancing, shares plunge

Jun 19 2019

OSLO PGS, the world's largest seismic surveyor, called off a planned debt refinancing on Wednesday, citing worsening investor sentiment toward the oilfield services sector over the past weeks, sending the Norwegian company's shares down 24%.

Okea sees foreign oil majors leaving Norway's offshore in a decade

Jun 18 2019

OSLO Norwegian oil firm Okea predicts all oil majors, except Norway's Equinor, will leave the Norwegian continental shelf in 10 years, opening up opportunities for smaller, independent firms, its chief executive said on Tuesday.

Oil firm Okea's IPO raises less than half initially planned

Jun 17 2019

* Had to lower IPO price to 21 crowns/share from 25-33 crowns

Global climate goal measures an 'enormous challenge': Equinor

Jun 06 2019

OSLO Oil demand needs to halve, gas use must drop by 10% and coal use needs to be all but eradicated by 2050 to achieve the goals of the Paris agreement to limit global warming, oil company Equinor said in its energy outlook on Thursday.

REFILE-Global climate goal measures an 'enormous challenge', says Equinor

Jun 06 2019

OSLO, June 6 Oil demand needs to halve, gas use must drop by 10% and coal use needs to be all but eradicated by 2050 to achieve the goals of the Paris agreement to limit global warming, oil company Equinor said in its energy outlook on Thursday.

Equinor aims to replicate Arctic field savings at Rosebank

Jun 04 2019

OSLO/ABERDEEN, Scotland Norway's Equinor and its partners will look to replicate savings from the Arctic Johan Castberg field off Norway at Rosebank, one of the largest undeveloped oil and gas fields on the British continental shelf.

Around 200 Norwegian oil workers threaten strike from June 4

May 29 2019

OSLO Around 200 Norwegian offshore oil and gas workers plan to go on strike on June 4 unless pay negotiations lead to a deal with employers, the Lederne labor union said on Wednesday.

Norway's oil industry eyes 17% growth in 2019 investments

May 28 2019

OSLO Oil and gas companies working in Norway have hiked their 2019 and 2020 investment forecasts as they add more field development plans, a survey by the country's statistics agency (SSB) showed on Tuesday.

Norsk Hydro to boost alumina output as Brazil lifts restrictions

May 21 2019

OSLO Albras aluminum smelter in Brazil, partly owned by Norsk Hydro, started to ramp up its output on Tuesday after a Brazilian federal court lifted production restrictions at the Alunnorte alumina plant, the Norwegian company said.

World News