United States

Ole Petter Skonnord

Norway keeps rates on hold, reiterates plan to raise them in March

Jan 24 2019

OSLO Norway's central bank left its main interest rate unchanged at 0.75 percent on Thursday, as expected, and reiterated plans to raise them in March, in line with its previous forecast.

UPDATE 2-Norway keeps rates on hold, reiterates plan to raise them in March

Jan 24 2019

* Says balance of risk points to rising rates (Adds analyst, background, updates currency, adds bullets)

UPDATE 2-Norwegian Air posts slower growth, yield edges up

Jan 07 2019

OSLO, Jan 7 Budget carrier Norwegian Air posted smaller-than-expected passenger growth in December and additional fuel hedging losses, but earned more money from each traveller, its monthly traffic report showed on Monday.

UPDATE 1-Nordic sports retailer XXL's shares plunge more than 40 pct on warning

Dec 19 2018

OSLO, Dec 19 Shares of XXL, the Nordic region's largest sports retailer, fell more than 40 percent in early trade on Wednesday after warning of weaker profits, making it the latest victim of a downturn among European store owners.

Equinor halts some Mongstad gasoline production, evacuates workers after leak

Dec 10 2018

OSLO Equinor's Mongstad oil refinery on Norway's west coast evacuated 300 workers and halted part of its gasoline production following a leak, the company said on Monday.

Norwegian Air struggles to fill planes as fleet grows

Dec 06 2018

OSLO Budget carrier Norwegian Air struggled to fill its aircraft in November as capacity growth far outpaced demand, while a loss on fuel hedge contracts added to the airline's woes, sending its shares down 9 percent on Thursday.

Norway's Seadrill sees uptick in contracting rigs market from 2019-20

Nov 27 2018

OSLO, Nov 27 Norwegian offshore drilling rig firm Seadrill Ltd sees the contracting rigs market improving from 2019-20, as it reported its first quarterly results on Tuesday since emerging from Chapter 11 bankruptcy in July.

Rotten fish to help power Hurtigruten cruise ships after refit

Nov 16 2018

OSLO The Nordic region's most high-profile cruise fleet operator is refitting its ships to make them less polluting, and plans to use a byproduct of rotten fish to help power their new, leaner engines.

Norwegian oil, gas plants restart after tanker and frigate collision

Nov 08 2018

OSLO An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a North Sea crude export terminal, Norway's top gas processing plant and several offshore fields. | Video

UPDATE 1-Seismic surveyor TGS keeps upbeat market outlook as shares drop

Nov 01 2018

OSLO, Nov 1 Oslo-listed seismic surveyor TGS fell more than 10 percent after reporting disappointing third-quarter results on Thursday, as oil firms were still too cautious to spend despite a raft of upbeat earnings.

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