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Norway

News on Norway.

No fatal accidents in Norway's oil industry in 2018

16 months have passed since the last fatal accident in Norway, and as such, 2018 was a year without fatalities in the country's oil industry, shows the latest risk level numbers from Norway's Petroleum Safety Authority.

Norway considers expanding scrubber ban

The ban on open-loop scrubbers in Norway could be expanded to more than the five fjords where it is currently prohibited to eject wash water, reports Lloyd's List.

Oil fund's watchdog will contact shipowners on beaching

With shares in Maersk and Teekay, the world's biggest investor, Norwegian wealth fund, expects to pass judgement on carriers who scrap ships in India already by this fall. The chairman of the fund's Council on Ethics tells ShippingWatch that shipping companies will now be contacted.

Norway's USD 1 trillion wealth fund jettisons oil companies

Norway's government has decided to remove oil companies from the country's sovereign wealth fund, the world's largest investment fund. This is being done to reduce an overall oil price exposure to the national economy, says finance minister Siv Jensen.

Equinor employees have lost confidence in safety authority

Oil major Equinor's employee union Safe calls for the Petroleum Safety Authority Norway's Director General, Anne Myhrvold, to step down when her term ends this spring, reports Dagens Næringsliv. The call comes after Norway's public auditor has criticized the authority.

New Norwegian tax rules make more carriers seek abroad

Several shipping companies are considering moving functions and departments out of Norway as a result of the new Norwegian tax rules, the Norwegian Shipowners' Association tells ShippingWatch. DHT has already made the move.

Norway will let Color Line out-flag international ferries

The Norwegian government is getting ready to let Color Line out-flag its international service ferries, which would enable the ferry operator to hire cheaper labor. The move is met with criticism from DFDS, which will look at similar possibilities.

Norwegian rig workers strike in wage dispute

More than 600 Norwegian rig workers from nine offshore installations have halted their work, as union Safe and the country's shipowners' association were unable to reach a wage agreement. An additional 900 workers could join the strike, starting midnight Sunday, unless the parties reach an accord.

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