The suspected hijacker, a man in his 50s of foreign origin, has been arrested, police officer Joern Lasse Foerde Refsnes told the TV2 Nyhetskanalen news channel.
"For now, I have no information to indicate there was anyone else than the three victims" on the bus, he said.
The identity of the suspect, who was himself injured according to Norwegian media, as well as the motives for the attack were not immediately clear.
The man was overpowered by firefighters who rushed to the scene of what they initially believed was a traffic accident, police said.
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