Edition:
United Kingdom

Terje Solsvik

Norway faces economic reckoning after decades of oil profits -central bank chief

13 Feb 2020

OSLO, Feb 13 Norway should reduce its dependence on income from its sovereign wealth fund and the petroleum revenue from which it was built, the country's central bank governor said in his annual address to government and business leaders on Thursday.

Norwegian Air plans further capacity cuts in bid for 2020 profit

13 Feb 2020

OSLO Norwegian Air said on Thursday it will make deeper capacity cuts in 2020 than previously announced as it aims to return to profit after three consecutive years of losses.

Norway inflation jumps, boosting chance of rate hike

10 Feb 2020

OSLO Norway's consumer price inflation rose sharply in January to its highest level in more than three years, increasing the chance of an interest rate hike in 2020 and strengthening the crown currency.

Hydro's shares sink as profits disappoint, aluminum market cools

07 Feb 2020

OSLO Aluminum producer Norsk Hydro on Friday reported lower-than-expected fourth-quarter profits, sapped by dwindling demand and falling metal prices, and said it expected global supply to outstrip demand in 2020.

UPDATE 2-Yara puts back spinoff decision as profit jumps

07 Feb 2020

* Shares rise as much as 6% to four-month high (Adds CEO quote, outlook)

Norwegian Air's shares jump as turnaround takes off

06 Feb 2020

OSLO Norwegian Air's turnaround gathered pace last month as the budget carrier removed unprofitable routes from its network and boosted the income from remaining flights, sending its shares up almost 6% in early trade. | Video

Equinor broadens scope of carbon targets to match rivals

06 Feb 2020

OSLO/LONDON Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers.

Lundin Petroleum aims to become carbon neutral by 2030

27 Jan 2020

OSLO Lundin Petroleum AB will aim to make its operations carbon neutral by 2030, the Swedish company said on Monday, joining the growing list of oil producers trying to address criticism of their impact on the environment.

Greenpeace loses Norway Arctic oil lawsuit appeal

23 Jan 2020

OSLO An Oslo appeals court approved Norway's plans for more oil exploration in the Arctic on Thursday, dismissing a lawsuit by environmentalists who had said it violated people's right to a healthy environment.

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