Norway’s 2015 GDP growth prediction slashed
Economic outlook for mainland economy in Norway isn’t looking quite as rosy as original hoped, with the minority government proposing a revision to th...
Norway and Russia team up for Arctic oil exploration
Norway’s state-owned Statoil firm has signed a deal with Russian oil giant Rosneft to explore the sea around the Arctic.
Cairn to keep Greenland and look elsewhere
Cairn Energy has vowed to continue drilling for oil off Greenland, but says it will try to rebalance the risk by acquiring new, safer assets elsewhere...
Cairn teams up with Statoil in Greenland
Cairn Energy is to team up with Norwegian group Statoil in their quest to look for oil off the coast of Greenland.
Greenland offering first east coast oil drilling licences
Greenlandic authorities have opened bidding on oil prospecting licences to the east of the country for the first time. Interest is said to be strong, ...
Fuel tanker crashes in Iceland, leaks into sea
There was a significant risk of explosion alongside an Icelandic fjord this morning where a petrol tanker skidded off the road and began leaking its c...
Statoil announces big find
Norwegian state oil producer Statoil ASA has announced a major oil find in the Barents Sea off the coast of northern Norway.
Icelandic government to replace all island windows free of charge
It has been decided that nearly all the glass in house windows on Grímsey island will be replaced at the cost of the Icelandic state. Furthermore it i...