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Nerijus Adomaitis

Norway's oil income plunges with weak crude prices, tax relief

12 May 2020

OSLO The Norwegian government has sharply cut its crude oil price forecast and the expected cash flow it will receive from the oil and gas industry after global demand plunged, its revised 2020 fiscal budget showed on Tuesday.

Norway's Aker braces for sustained low oil prices

08 May 2020

OSLO Aker ASA, a major investor across Norway's oil industries, is preparing for an extended period of low crude prices, its chief executive said on Friday.

UPDATE 1-Norway's Aker braces for sustained low oil prices

08 May 2020

OSLO, May 8 Aker ASA, a major investor across Norway's oil industries, is preparing for an extended period of low crude prices, its chief executive said on Friday.

Equinor suspends 2020 output guidance amid global oil cutbacks

07 May 2020

OSLO Equinor has suspended its 2020 oil and gas output guidance amid government-imposed curtailments and a glut of supply, and could take further action to scale back activity this year, the Norwegian energy firm said on Thursday.

Aker BP cuts dividend by two-thirds as oil slumps

06 May 2020

OSLO Norway's Aker BP slashed its dividend by two-thirds on Wednesday, making it the latest oil firm to curtail payments to shareholders as crude prices fell sharply amid the coronavirus pandemic.

Norwegian Air to sell new shares at close to 80% discount

05 May 2020

OSLO Norwegian Air will sell new shares at a 79% discount to the latest traded price on the Oslo Bourse, the budget carrier said on Tuesday as it seeks to boost its equity in order to qualify for Norway's government aid package.

Norwegian Air's fate in balance as result of rescue vote awaited

01 May 2020

OSLO The fate of Norwegian Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.

Norwegian Air's fate unclear as deadline to accept rescue offer passes

01 May 2020

OSLO, May 1 The fate of Norwegain Air was in the balance on Friday after a deadline passed overnight for bondholders to vote on a rescue package for the transatlantic budget airline.

UPDATE 3-Norway plans temporary tax relief for oil firms

30 Apr 2020

* Analysts says output cut globally not significant (Adds industry, Greenpeace reactions)

Norway plans temporary tax relief for oil firms

30 Apr 2020

OSLO Norway proposed on Thursday to temporarily ease tax rules for oil firms to try to prevent a collapse in investments due to the coronavirus pandemic and a related collapse in crude prices.

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