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.

Norway Supreme Court rules in favour of state in pipeline tariffs case

Jun 28 2018

The Norwegian Supreme Court has ruled in favour of the government in a lawsuit brought by owners of the Gassled gas network over pipeline tariffs, it said.

Brexit poses risk to international power cables: Norway's grid

Jun 22 2018

Britain’s exit from the European Union could leave companies planning to build more power interconnections at the mercy of possible new trading arrangements and potential tariffs.

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