Business

Eager to save money, Norwegian shoppers are streaming over the border in record numbers to avoid hefty domestic prices by instead stocking up on groceries in Sweden, new figures show.

Just minutes after Maiken Fredriksen Iversen phoned Telenor to make a complaint, a disgruntled customer service agent sent her a text message to say he hoped she would burn in hell.

The oil industry is in need of engineers and companies are travelling far distant to find them but this does not apply for everyone. According to a report from IRIS (International research Institute of Stavanger), “Shortage of Technologists in Stavanger Region: Challenges and Solutions,” the industry is struggling with recruitment, but not the oil companies.  

A crafty Norwegian who has become famous for demanding cash for goods that have passed their expiration date has managed to rack up a 40,000-kroner ($6,700) profit in the last three weeks alone.

India's reputation as a destination for foreign investment could be dented if telecom operator Telenor quits India due to licensing and regulatory issues, Norway's trade and industry minister Trond Giske said on Saturday as he launched a bid to urge the government to solve the impasse.

Aker Solutions has been awarded a contract by Total E&P Angola, to deliver seven new subsea tree systems to the Dalia field located offshore Angola. Contract value is approximately NOK 470 million.

As a precautionary measure, Norwegian telecom provider Telenor ASA has decided to write-down the remaining fixed and intangible assets in India amounting to NOK 3.9 billion (NOK 2.6 billion after non-controlling interests).

With prospects of continued losses, Renewable Energy Corporation ASA (REC) has decided to close down the remaining 650 MW multicrystalline wafer plant at Herøya, Norway.

Norwegian energy producer Statoil has entered its first acreage in Ghana, farming into a deep water licence operated by Hess.

Norwegian and International oil service group Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business at home and in Malaysia.

Norwegian and International oil service group Aker Solutions is preparing for major growth by investing NOK 500 million (USD 87 million) in its subsea business at home and in Malaysia.

The Norwegian postal service Posten has accepted a NOK 83.6 million fine imposed by the EFTA Surveillance Authority (ESA) in 2010 for having prevented competitors from entering the market.