(IN BRIEF) Equinor (OSE: EQNR, NYSE: EQNR) announced the commencement of the first tranche of its share buy-back programme for 2024, starting on February 8, 2024. As part of this tranche, shares worth up to USD 396 million will be … Read the full press release
(IN BRIEF) Equinor, a leading energy provider, reported strong financial results for the fourth quarter of 2023, recording adjusted earnings of USD 8.68 billion and USD 1.88 billion after tax. The quarter saw significant operational achievements, including a 2.1% production … Read the full press release
(IN BRIEF) Equinor ASA has initiated a share repurchase program for its employee incentive plans, scheduled from February 15, 2024, to January 15, 2025. Authorized at the annual general meeting in May 2023, the program allows for the acquisition of … Read the full press release
(IN BRIEF) AF Gruppen has received a nomination from the South-Eastern Norway Regional Health Authority to serve as the contractor for the construction of temporary office and accommodation facilities at the New Rikshospitalet (Oslo University Hospital) located in Gaustad, Oslo. … Read the full press release
(IN BRIEF) DNV, a leading independent assurance and risk management provider, has officially opened its Training Hub for Industrial Knowledge (THInK) in Abu Dhabi, United Arab Emirates. This state-of-the-art training facility, the first of its kind in the region, aims … Read the full press release
(IN BRIEF) Equinor, a leading energy company, has reported positive safety trends in its 2023 safety results. The serious incident frequency per million hours worked (SIF) remained stable at 0.4 in the fourth quarter of 2023 compared to the end … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Norway, Security & Safety
Tagged 2023 Safety Results, Equinor, Jannicke Nilsson, Positive Trends, Reduced Incidents
(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Airbus, Anna Borg, Avinor, Guillaume Faury, Hydrogen-Powered Airports, Nordic Aviation, Norway, partnership, SAS, sustainability, Swedavia, Sweden, Vattenfall
(IN BRIEF) DNV, the independent energy expert and assurance provider, has played a pivotal role in facilitating the successful closure of financing for MYTILINEOS S.A.’s portfolio of solar farm projects in Chile. The portfolio includes the Willka, Doña Antonia, Tocopilla, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Chile, DNV, partnership, Santiago Blanco, Solar Power Projects, sustainability
(IN BRIEF) Equinor has chosen Lufttransport RW AS to operate two new search and rescue (SAR) helicopters for the Troll and Oseberg areas, boosting helicopter capacity. Lufttransport is now the third helicopter operator eligible for Norwegian Continental Shelf (NCS) assignments. … Read the full press release
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) Equinor has commenced operations at its Blandford Road battery storage facility in the UK, marking a significant milestone in its efforts to provide flexible power solutions and support the country’s transition to low-carbon energy. The 25 MW/50 MWh … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Norway, Technology, United Kingdom
Tagged Alex Grant, battery storage, British Energy Security Strategy, Danske Commodities, electricity, Electricity North West, ENWL, Equinor, lithium-ion battery, Noriker Power, Olav Kolbeinstveit, power solutions, SEPD, Southern Electric Power Distribution, The Blandford Road battery storage, The Welkin Mill battery storage
(IN BRIEF) DNV and SDTR Marine, a Singapore-based shipping company, have joined forces in a Joint Development Project (JDP) to conduct a feasibility study on Carbon Capture and Storage (CCS) for SDTR Marine’s 85,000 dwt Kamsarmax bulk carrier. The collaboration … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway, Technology, Transportation & Logistics
Tagged carbon capture and storage, CCS, Cristina Saenz de Santa Maria, decarbonizing shipping, DNV, feasibility study, Gao Dehui, JDP, Joint Development Project, Kamsarmax bulk carrier, maritime, maritime vessels, SDTR Marine, shipping, Singapore
(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, License Portfolio, Norway, Norwegian Continental Shelf, ORLEN, partnership, PGNiG, Poland, sustainability
(IN BRIEF) Skanska has secured a contract worth NOK 673 million (approximately SEK 660 million) from DNB Livsforsikring AS, via its subsidiary Trondheim Torg AS, for the renovation and expansion of an existing commercial office building in Trondheim, Norway. This … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Real Estate, Sweden
Tagged DNB Livsforsikring, Norway, office building, partnership, Skanska, sustainabilty, Trondheim
(IN BRIEF) Hydro, a leader in low-carbon aluminum production, has joined the First Suppliers Hub, a tool launched at the World Economic Forum’s annual meeting in Davos. The hub streamlines the transition from climate commitments to action for companies dedicated … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Metals and Minerals, Norway, Switzerland, Technology
Tagged aluminium, Climate Action, Davos, First Movers Coalition, FMC, green aluminium, green transition, Hilde Merete Aasheim, Hydro, low-carbon aluminium, The First Suppliers Hub, Volvo Group, WEF, World Economic Forum
(IN BRIEF) DNV, a prominent classification society, has secured a contract to oversee the construction of two innovative Very Large Ethane Carriers (VLECs) for Purus, a ship owner. These VLECs, built at Hyundai Heavy Industries in South Korea, are set … Read the full press release
(IN BRIEF) DNV has completed a comprehensive market study commissioned by a consortium of Danish entities in the Carbon Capture, Utilization, and Storage (CCUS) sector, aiming to assess Denmark’s potential as a pivotal European CO2 hub. This initiative aligns with … Read the full press release
(IN BRIEF) Hydro, a leading aluminium producer, is making significant strides in its quest to achieve zero CO2 emissions in aluminium production. The company is testing emission-free plasma technology in its Sunndal casthouse, aiming to electrify the energy-intensive aluminium remelting … Read the full press release
Posted in Business, Environment, Industrial, Management, Metals and Minerals, News, Norway, Technology
Tagged aluminium production, Eivind Kallevik, emission-free, HalZero, Hydro, Hydro Sunndal, Plasma Technology, sustainability
(IN BRIEF) Hydro has achieved a significant reduction in the carbon footprint of its Hydro CIRCAL recycled aluminum, lowering it to 1.9 kg of CO2e/kg aluminum from the previous 2.3 kg of CO2e/kg. This achievement is the result of advancements … Read the full press release
Posted in Business, Environment, Industrial, Management, Metals and Minerals, News, Norway
Tagged carbon footprint, Hydro, Hydro CIRCAL, Ingrid Guddal, Recycled Aluminum, sustainability
(IN BRIEF) DNV has initiated a joint industry project (JIP) alongside ten offshore wind and transmission developers to facilitate the integration of High Voltage Direct Current (HVDC) transmission into the U.S. electric grid. HVDC is crucial for efficiently incorporating offshore … Read the full press release
(IN BRIEF) DNV’s Alternative Fuels Insight (AFI) platform reported a significant increase in orders for ships with alternative fuel propulsion in 2023, totaling 298, marking an 8% year-on-year rise. Notably, methanol gained prominence with 138 orders, nearly on par with … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Alternative Fuels Insight (AFI) Ships, DNV, green transition, Knut Ørbeck-Nilssen, maritime industry, Martin Wold, partnership, sustainability
(IN BRIEF) Norsk Hydro ASA provides an update on its ongoing share buyback program, which began on September 22, 2023, and is scheduled to conclude on February 29, 2024. The company reports transactions, including the number of shares repurchased and … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway
Tagged Financial, investment, Norsk Hydro, Share Buyback Program
(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged BP, economic challenges, Empire Wind 2, Equinor, Joshua Weinstein, Molly Morris, NYSERDA, OREC Agreement, partnership, Termination
(IN BRIEF) Norsk Hydro ASA has provided an update on its share buyback program, which commenced on September 22, 2023, and is scheduled to conclude on February 29, 2024. The program’s recent transactions include the purchase of 75,309 shares on … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway
Tagged Financial, investment, Norsk Hydro, Share Buyback Program, shares
(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged ACG, Azerbaijan, Azeri Chirag Gunashli, Baku-Tbilisi-Ceyhan, BP, divestment, Equinor, oil fields, Philippe Mathieu, Rovshan Najaf, SOCAR
(IN BRIEF) Vard, a subsidiary of the Fincantieri Group, has secured a contract worth approximately €230 million from Prysmian Group, a global leader in energy and telecoms systems, to design and build a cable-laying vessel. This vessel, the third in … Read the full press release
(IN BRIEF) Equinor and Shell Offshore Inc. have jointly made the final investment decision for the Sparta deepwater development in the US Gulf of Mexico. Equinor holds a 49 percent stake in the project, which is expected to produce up … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway
Tagged Equinor, GOM, oil, Philippe Mathieu, Shell Offshore Inc., Shell plc, Sparta deepwater development, US Gulf of Mexico, Vito project, Whale project
(IN BRIEF) Kanonaden Entreprenad, a subsidiary of AF Gruppen, has secured a contract, valued at around SEK 219 million, to construct and install two series compensation stations for Svenska kraftnät. In partnership with Hitachi Energy, Kanonaden will establish these stations … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Norway, Ukraine, United Kingdom
Tagged conflict, Denys Shmygal, EBRD, ENERGY, Italy, Norway, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Volodymyr Kudrytskyi
(IN BRIEF) DNV and Shandong Shipping Tanker Co., Ltd (SDST) have announced the establishment of a Joint Innovation Studio to foster collaboration in digitalization and sustainability within the maritime industry. The studio, based at SDST’s Qingdao headquarters, aims to support … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged CHINA, digitalization, DNV, Innovation Studio, maritime, Norbert Kray, partnership, Shandong Shipping Tanker, sustainability
(IN BRIEF) Elkem, a global leader in advanced materials based on silicon, is embarking on a digitalization initiative at its Bremanger plant in Norway. The company aims to improve production quality, safety, and efficiency by centralizing control rooms and production … Read the full press release
(IN BRIEF) DNV is at the forefront of advancing hydrogen pipeline research through its partnership with National Gas Transmission (NGT) in the expansion of the groundbreaking FutureGrid project. NGT, supported by DNV and other collaborators, secured two Strategic Innovation Funded … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged DNV, Dr Gary Tomlin, FutureGrid, Hari Vamadevan, Hydrogen Pipeline Research, Martin Cook, National Gas Transmission (NGT), partnership, sustainability, UK
(IN BRIEF) Equinor has reached an agreement to purchase Shell’s equity stake and operatorship of the Linnorm discovery in the Norwegian Sea. This acquisition will grant Equinor a 30% interest in PL 255, which covers the Linnorm discovery, subject to … Read the full press release
(IN BRIEF) Yara, a global leader in agricultural solutions, has announced the acquisition of Agribios Italiana’s organic-based fertilizer business, strengthening its commitment to regenerative agriculture and soil health in Europe. By combining Agribios’ expertise in organic-based fertilizers with Yara’s reach … Read the full press release
Posted in Agriculture, Business, Chemicals, Economy, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Norway, Technology
Tagged acquisition, Agribios Italiana, Fertilizer Business, Giovanni Ravagnan, Mónica Andrés Enríquez, organic, Organic Farming, partnership, sustainability, Yara
(IN BRIEF) PGNiG Upstream Norway, a part of the ORLEN Group, has signed an agreement with Horisont Energi AS to acquire a 50% interest in the CO2 exploration license Polaris in the Barents Sea. This partnership signifies a significant step … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged Barents Sea, Bjørgulf Haukelidsæter Eidesen, Carbon Storage Project, Daniel Obajtek, Horisont Energi, ORLEN, partnership, PGNiG Upstream Norway, sustainability
(IN BRIEF) DNV has achieved accreditation from the Global Carbon Council (GCC) as one of 14 approved verifiers. This accreditation enables DNV to provide validation and verification services for businesses engaged in greenhouse gas (GHG) emissions reduction projects aligned with … Read the full press release
(IN BRIEF) DNV has secured a contract from Ørsted and PGE to certify the Baltica 2 offshore wind farm located in the Polish part of the Baltic Sea. This project plays a crucial role in Poland’s transition to green energy, … Read the full press release
(IN BRIEF) Norges Bank, Norway’s central bank, has appointed Therese Steen as the new Executive Director of Norges Bank Administration (NBA). Currently serving as the Director General of the Department of Administrative and Constitutional Affairs in the Office of the … Read the full press release
Posted in Banks, Financial, Management, Norway
Tagged Alexander Behringer, appointment, Borgarting Court of Appeal, Ida Wolden Bache, Norges Bank, Therese Steen, University of Oslo
(IN BRIEF) Norwegian aluminum company Hydro has successfully concluded a $1.11 billion transaction involving the sale of a 30% interest in the Brazilian alumina refinery, Hydro Alunorte, as well as Hydro’s 5% stake in bauxite producer Mineracão Rio do Norte … Read the full press release
Posted in Business, Industrial, Investment, Metals and Minerals, Norway
Tagged aluminum smelters, Alunorte, Glencore, Hilde Merete Aasheim, Hydro, LNG, oil
(IN BRIEF) Yara Clean Ammonia, North Sea Container Line, and Yara International have collaborated to create the groundbreaking Yara Eyde, the world’s first container ship to be fueled by clean ammonia. This innovative vessel will embark on an emission-free sea … Read the full press release
Posted in Business, Chemicals, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, News, Norway, Transportation & Logistics
Tagged Bente Hetland, clean ammonia, container ship, Emission-Free Shipping, Germany, Magnus Krogh Ankarstrand, North Sea Container Line, Norway, partnership, sustainability, Svein Tore Holsether, Yara Clean Ammonia, Yara Eyde, Yara International
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