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Victoria Klesty

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

5:37am EDT

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%.

Chevron readying IMO-compliant shipping fuel sales

Jun 05 2019

OSLO Chevron plans to bring an IMO-compliant 0.5% sulfur shipping fuel blend to the market by the end of the third quarter, a company representative said on Wednesday.

Norway count on team spirit at women's World Cup as Hegerberg stays away

May 31 2019

OSLO Norway hope to replace absent Ballon d'Or winner Ada Hegerberg with a winning team spirit when the World Cup kicks off in France next week, coach Martin Sjoegren told Reuters.

Norway's BW Offshore to float Energy to fund Brazil growth

May 23 2019

OSLO Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.

Equinor investigates oil spill at Statfjord North Sea field

May 15 2019

OSLO Equinor is investigating an oil spill at its Statfjord field in the North Sea, although the Norwegian company said on Wednesday the incident had not disrupted production.

FOCUS-Norsk Hydro looks to master magnetism to keep carbon promise

May 14 2019

KARMOEY, Norway/LONDON, May 14 In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers.

UPDATE 2-Aker Solutions raises 2019 forecasts on improving oil services outlook

Apr 30 2019

* Previously expected marginal revenue uplift and flat margins

Boeing jet grounding may blow Norwegian Air recovery off course

Apr 25 2019

OSLO Norwegian Air said the grounding of its Boeing 737 MAX aircraft may last until the end of August and could scupper the carrier's plan to return to profitability this year. | Video

UPDATE 3-Boeing jet grounding may blow Norwegian Air recovery off course

Apr 25 2019

* Shares rise 4.4 percent (Adds CEO comments, capex guidance, analysts)

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