edit: although to be fair, in the context of an article written in English aimed at a general audience this is not an easy situation. Properly using just the first name might throw off people who don't know about the Icelandic conventions (that would be most of them) who might then consider this use as strangely personal. On the other hand, repeatedly using the full name might look weird too. Personally I'm not convinced these are worth the trade-off of being culturally incorrect, but I'm not the one making the calls.
More in depth or higher class pieces that are not expected to be widely consumed may well then go a step further and assume the reader has detailed knowledge of name systems (for example Chinese "Family Name, Given Name" ordering).
So to reiterate the expression of one of the parent posts they appear to be writing to their audience. Be offended or confused if you like.
That's not the case with patronyms, so this usage has never developed. In Iceland you'd never use just the patronym. It's not a proper name, just an indication of parental lineage.