Norway’s new center-left Cabinet has taken office after the incoming prime minister presented a center-left minority government Thursday, a day after a deadly bow-and-arrow attack in a small town, the Associated Press reported. Prime Minister Jonas Gahr Stoere, the leader of Norway’s center-left Labor Party, stood outside the royal palace with his 19-member team — 10 women and nine men — that includes the leader of the euroskeptic Center Party, Trygve Slagsvold Vedum, who becomes finance minister.
Noble Corp. and a consortium that includes Transocean Ltd. and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd., the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, Reuters reported. Seadrill is trying to emerge from its second U.S. chapter 11 bankruptcy in four years: Like many in the industry, it expanded its drilling rigs too aggressively in the mid-2010s to withstand a subsequent plunge in energy prices and rig hire rates.
Norwegian Air fired Chief Executive Jacob Schram who led the budget carrier through restructuring and said that it was promoting Chief Financial Officer Geir Karlsen to the top job with immediate effect, Reuters reported. The board voted on June 20 to end Schram's 18-month tenure but the airline said he would support the carrier on a full-time basis during his notice period up to March 31. "The board's decision to fire me came as a big surprise," Schram told Reuters. His replacement, Karlsen, has been chief financial officer since 2018.