Latest business news and updates from Norway in English.
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.
The Norwegian Tax Authority sees over 5,000 searches as a major tax deadline approaches. The phrase 'Now it's urgent for 1.8 billion' suggests a large sum of refunds or payments is at stake. Citizens are rushing to file their tax returns before the April 30, 2026 deadline.
Equinor reports lower Q1 profit forecasts due to weaker oil prices, with a proposed $0.35 dividend. The earnings call on April 29 will be closely watched by investors.
The UAE is leaving OPEC, a decision that could cause oil price volatility and affect Norway's oil-dependent economy. The news is trending in Norway as the energy ministry has yet to respond.
The UAE has left OPEC, a move that could impact global oil markets and Norway's oil industry. No official response from Norway yet, but the story is trending with thousands of searches across Sweden and Norway.
Equinor ASA will report its first-quarter 2026 earnings on April 29, with investors and analysts closely watching production volumes, net profit, and renewable energy investment updates.
NBIM is expected to release its Q1 2026 report around April 28-30. The oil fund reached 19.5 trillion kroner at end of Q4 2025. Markets saw US equities rise 8 percent while oil prices dropped.
Norway will award 20 offshore wind licenses on April 27, covering 3 GW of capacity in Utsira Nord and Sørlige Nordsjø II. Energy Minister Terje Aasland called it a key step in Norway's green transition. Major bidders include Equinor, Vår Energi, and international consortia with RWE and Orsted, with billions in investment expected.
Norway's giant oil fund is expected to top $2 trillion for the first time when it releases its Q1 2026 results on April 24, fueled by strong tech stock gains and rising oil prices. CEO Nicolai Tangen will hold a press conference to discuss the milestone.
The Russian Druzhba oil pipeline has resumed operations after maintenance and geopolitical tensions. The restart affects European energy markets and Norway's role as a major oil exporter. Norwegian authorities are monitoring the situation.
Nearly 8,000 Norwegian offshore oil workers voted to strike from April 25, cutting crude output by 15% per day. Union demands a 7% wage increase and better shift rotation. The strike, the largest since 2012, pushed oil futures up 2%.
Norwegian Cruise Line Holdings will report its Q1 2026 earnings on April 22. Investor focus is high due to the recent launch of new Arctic expedition cruises to Svalbard and along the Norwegian coast. CEO Harry Sommer will host an investor call to discuss the results and the performance of the new 'Norwegian Vanguard' ship.
A Norwegian company declared bankruptcy, leading to 26 employees losing their jobs. Staff were informed at a meeting, with one employee expressing shock at the sudden news. The company's name has not been released.
Norway's central bank is eyeing a potential interest rate hike in June after new inflation data came in higher than expected. Core inflation for April reached 4.8%, above forecasts. A deputy governor confirmed persistent price pressures, causing the krone to strengthen.
Norway's massive sovereign wealth fund is preparing to unveil its investment strategy for early 2026. Analysts predict a formal shift away from carbon-intensive industries and toward Asian infrastructure. The fund's manager, NBIM, will release its Q1 report and hold a briefing with CEO Nicolai Tangen in April.
Norges Bank Investment Management will announce the Q1 2026 results for Norway's massive sovereign wealth fund on Wednesday, April 22. Deputy CEO Trond Grande will present the findings, detailing the fund's value, return, and asset allocation in a morning press conference. The fund was valued at 17.2 trillion kroner at the end of 2025.
A strike involving over 600 offshore workers in Norway began at 6 AM on April 19, halting work on major platforms like Johan Sverdrup. The Industri Energi union is demanding a faster transition to new wage agreements. Equinor confirms the strike will impact oil and gas production, with further escalation planned for April 22 if no deal is reached.
Norwegian grocery chain Rema 1000 is facing consumer criticism over a promotional offer described as a misleading 'trick offer'. Shoppers reported the specific discount campaign was not as transparent as expected. The incident highlights ongoing public scrutiny of pricing and trust in major retail chains.
A wage negotiation in Norway has resulted in an agreement for a 50,000 kroner increase, sparking significant public interest. The Norwegian term for wage is trending online with thousands of searches linked directly to this news. Specific details on the sector and union involved require confirmation from major Norwegian news sources.
Norwegian unions are negotiating for wage increases that could add 50,000 kroner to annual salaries for some workers. The 2026 main settlement involves LO and other unions, covering over 170,000 employees. A union representative questioned the purpose of negotiations without substantial gains.
Norway's oil production in March fell 5% below forecast, preliminary data shows. The shortfall is linked to unplanned maintenance at the major Johan Sverdrup field. Official figures will be released by the Norwegian Petroleum Directorate on April 18.
Norway's Government Pension Fund Global, the world's largest sovereign wealth fund, will release its 2025 annual report on April 17, 2026. CEO Nicolai Tangen will present the report, which details the fund's value, returns, and asset allocation, at a press conference in Oslo. The fund was valued at 17.2 trillion kroner in 2024.
Hafslund CEO Ståle Gjersvold has publicly conceded that Norway now has Europe's most expensive electricity. His statement, described as 'creeping to the cross,' addresses the intense national debate over power prices and grid fees.
The head of Norway's electricity association has stated that Europe is seeing record-high power prices. He links the situation to forecasts for the El Niño weather phenomenon arriving in 2026. The admission highlights concerns over how climate patterns impact energy costs.