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4-Traders Homepage  >  Equities  >  Oslo Bors  >  Aker BP    AKERBP   NO0010345853

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Norway's oil industry to boost staffing in coming years - energy minister

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01/09/2018 | 11:59am CEST
Norwegian oil company's Statoil headquarters in Fornebu

OSLO (Reuters) - Norwegian oil companies and their suppliers will hire more people in the coming years as the industry recovers from a slump and the price of crude rises, Norway's Minister of Petroleum and Energy Terje Soeviknes told Reuters on Tuesday.

"All evidence points to a significant increase in employment in the oil industry," Soeviknes said on the sidelines of a conference.

In late 2017, oil firms presented new field development plans that will trigger billions of dollars of investment, and more plans are on the way in 2018.

He still cautioned however that significant automation and productivity enhancements could limit the jobs growth.

"It's hard to imagine that all the 50,000 jobs that disappeared during the industry's downturn will be brought back," Soeviknes said.

(Reporting by Joachim Dagenborg, editing by Terje Solsvik)

Stocks mentioned in the article
ChangeLast1st jan.
AKER SOLUTIONS -4.45% 52.84 Delayed Quote.19.72%
EQUINOR -0.51% 213.1 Delayed Quote.22.26%
LUNDIN PETROLEUM -0.64% 280.5 Delayed Quote.50.32%
SOLSTAD FARSTAD ASA 1.53% 5.96 Delayed Quote.-2.81%
SUBSEA 7 -1.96% 119.8 Delayed Quote.-0.65%
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Financials ($)
Sales 2018 3 877 M
EBIT 2018 2 174 M
Net income 2018 605 M
Debt 2018 1 573 M
Yield 2018 3,54%
P/E ratio 2018 20,87
P/E ratio 2019 19,82
EV / Sales 2018 3,83x
EV / Sales 2019 3,91x
Capitalization 13 258 M
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