Latest business news and updates from Norway in English.
Norwegian oil workers' union LO has announced a strike starting May 24 involving 10,000 workers on Equinor and other platforms. The strike could reduce Norway's oil output by up to 300,000 barrels per day as workers demand higher wages amid inflation.
8,000 Norwegian oil workers wrapped union talks on May 20 without a deal. A strike ballot closes May 21, with results expected that evening. If approved, a strike will start May 24, impacting 15% of Norway's oil output.
Norway proposes a 5% salmon farming tax to fund coastal erosion protection, raising 2 billion kroner annually. The bill faces criticism from industry groups and will be debated in parliament starting May 21, 2026.
Gustav Magnar Witzøe, Norway's salmon billionaire heir, announced a new initiative called 'World's Best' to create the top salmon product. The announcement came on May 15, 2026, but no details were released yet. Witzøe's net worth exceeds $11 billion.
The Norwegian Tax Administration conducted a large-scale enforcement operation in the seafood industry, uncovering multiple legal violations. The action has already generated over 5,000 searches in Norway.
The find is located near existing infrastructure, enabling rapid development.
Drilled by the Transocean Norge rig, the find could boost production at the Aasta Hansteen field. The Norwegian Petroleum Directorate is reviewing license terms.
Equinor released its Q1 2026 financial results on May 10, 2026, covering revenue, net income, and production. The results impact the Oslo Stock Exchange and Norwegian oil revenues, with high public and investor interest.
Statistics Norway releases April CPI data on Monday, May 11, with forecasts pointing to a decline from 3.0% to around 2.8% year-on-year. The data is a key factor for Norges Bank's rate path and often affects the Norwegian krone and bond yields.
Authorities in Norway have announced a new oil discovery in the North Sea. The find was reported by the Norwegian Petroleum Directorate, which...
Equinor has started production at the Johan Sverdrup Phase 2 field in the North Sea. The addition of 200,000 barrels per day will boost Norwegian oil output by roughly 15 percent. CEO Anders Opedal said the ramp-up will be gradual over the coming weeks.
Norway's GDP grew 0.8% in Q1, beating analyst forecasts of 0.6%, driven by oil and gas investments and household consumption. The krone strengthened against the euro after the release.
Norges Bank raised its key policy rate by 0.25 percentage points. Investor Øystein Stray Spetalen's name spiked in online searches afterward. The trend shows high public interest in his economic views.
Norwegian billionaire investor Øystein Stray Spetalen publicly attacked the government's interest rate promise on May 7, calling it an exposed bluff. The remark has triggered over 5,000 searches and widespread debate amid rising borrowing costs.
A surge of over 10,000 searches reveals public scrutiny of Norway's government interest rate promise, which critics are calling a bluff. The trending term 'norges bank' is linked to an article exposing the claim. This reflects high public concern over borrowing costs and economic policy.
Norges Bank raised its key policy rate by 0.25 percentage points, directly affecting Nordic housing markets. A new forecast predicts Swedish house prices will rise by 5% in 2026 as homeowners and investors adjust to the monetary policy shift.
Norges Bank is deciding on a key interest rate change today, with debate over whether to raise now or wait until July. The decision is closely watched by homeowners, businesses, and Norwegian tech startups.
Norges Bank held its key policy rate at 4.5 percent on May 7, 2026, as analysts expected. Core inflation remains above target at 4.2 percent, and Governor Ida Wolden Bache has signaled rates could stay high for a prolonged period.
Norges Bank holds its key policy rate at 4.5% but signals a possible cut in June as inflation eases and the krone weakens.
Equinor will release its Q1 2026 results on May 6, with analysts forecasting strong profits due to OPEC+ cuts and Middle East tensions. Investors will focus on production figures and a share buyback program update.
Norway's sovereign wealth fund reported a record $50 billion quarterly profit for early 2026, driven by rising oil prices and strong tech stock performance. The fund, worth over $1.7 trillion, saw its best quarter since 2021.
The field, Havblikk, holds up to 100 billion cubic meters of recoverable gas. This is the largest find in the region since 2020 and could boost Norway's gas exports.
Norway's GPFG sovereign wealth fund reported Q1 profits that exceeded analyst expectations, driven by strong global equity markets. The fund, managing over $1.6 trillion, released its results in late April.
Statistics Norway will publish April CPI data May 2 at 08:00 CET. March inflation fell to 3.1%, and analysts forecast further easing to 2.8%. Norges Bank may consider rate cuts if the trend continues.