Category Archives: Norway

Press Releases & News from Norway distributed via EuropaWire

Yara Brasil Fertilizantes and Petrobras Advance Towards Potential Business Partnership

(IN BRIEF) Yara Brasil Fertilizantes and Petrobras have signed a non-binding Master Agreement to explore potential synergies in their operations, following a prior Memorandum of Understanding signed in February 2024. The focus is on enhancing efficiencies in Brazil’s fertilizer and … Read the full press release

Equinor and Partners Commence Production at Lavrans Well in Kristin South Area

(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and TotalEnergies EP Norge, has commenced production from the first well at the Lavrans field in the Kristin South area, marking the first phase of the Kristin South project. Approved in … Read the full press release

Scatec ASA and Partners Forge Renewable Ammonia Pact with Yara Clean Ammonia for Egypt

(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release

DNV to Utilize Advanced Lidar Technology at Bay of St. Brieuc Offshore Wind Farm

(IN BRIEF) DNV has been chosen by the Iberdrola Group to conduct power curve verification using advanced nacelle lidar technology at the Bay of St. Brieuc offshore wind farm in Brittany. This project, featuring 62 turbines with a capacity of … Read the full press release

DNV Accredited by MDSAP for Streamlined Medical Device Audits

(IN BRIEF) DNV has achieved recognition as an auditing organization under the Medical Device Single Audit Program (MDSAP), enabling it to conduct consolidated regulatory audits for medical device manufacturers. This designation streamlines global market access by fulfilling the compliance requirements … Read the full press release

Barbara Frencia Appointed Chair of IIOA at Greater China Meeting

(IN BRIEF) Barbara Frencia, CEO of Business Assurance at DNV, has been appointed as the new Chair of the Independent International Organization for Assurance (IIOA) during their recent meeting in Greater China. She has previously served as Deputy Chair and … Read the full press release

Equinor Expands Onshore Renewables Footprint in Poland with Lipno Solar Plant

(IN BRIEF) Equinor has commenced test production at its third solar plant in Poland, Lipno, marking a significant milestone in expanding its onshore renewables portfolio in the region to approximately 200 MW. This development underscores Equinor’s commitment to strengthening its … Read the full press release

Nordex Group Surpasses 5 GW Milestone in Nordic Region with Kalistanneva Wind Farm Installation

(IN BRIEF) The Nordex Group celebrates surpassing 5 GW of installed capacity in the Nordic region with the installation of a N163/5.X turbine at the Kalistanneva wind farm in Finland. With over 1,200 turbines across Denmark, Finland, Sweden, and Norway, … Read the full press release

Unlocking the Potential: DNV Highlights Industry Collaboration for UK Energy Digital Twins

(IN BRIEF) DNV’s latest research report underscores the critical role of collaboration and trust in harnessing digital twins to drive the UK’s energy transition. Titled Connected Digital Twin Insights: Rising to the Challenge across the UK Energy Sector and Beyond, … Read the full press release

DNB Enhances SME Support with EIF Partnership, Unlocks NOK 2.5 Billion in Funding

(IN BRIEF) Norway’s largest lender, DNB Bank ASA, has partnered with the European Investment Fund (EIF) to bolster support for small and medium-sized enterprises (SMEs) through a groundbreaking collaboration. Backed by an EIF guarantee under the InvestEU program, DNB will … Read the full press release

InvestEU Program Bolsters SME Support: EIF and Innovation Norway Ink Landmark Deals

(IN BRIEF) The European Investment Fund (EIF) and Innovation Norway have sealed two groundbreaking agreements aimed at bolstering financing opportunities for small and medium-sized enterprises (SMEs) in Norway. This strategic collaboration will empower Innovation Norway to expand its lending volume, … Read the full press release

AF Gruppen Subsidiary Set to Construct Modern Business Hub in Osterøy, Norway with NOK 111 Million Project

(IN BRIEF) Helgesen Tekniske Bygg AS (HTB), a subsidiary of AF Gruppen, has secured a turnkey contract worth NOK 111 million excluding VAT with Høgafjellet Eigedom AS for the construction of a new warehouse and logistics facility in Espevoll, Osterøy … Read the full press release

DNV and PETRONAS Collaborate to Drive Sustainability in Malaysia’s Energy Sector

(IN BRIEF) DNV and PETRONAS CCS Ventures have solidified their collaboration with the signing of a Master Price Agreement aimed at certifying carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia. Building … Read the full press release

Equinor’s Strategic Move: Eirin Field Development and Ownership Equilibrium

(IN BRIEF) Equinor has announced the sale of 19.5% interests in production licenses PL 048E, home to the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG), effectively balancing ownership with the Gina Krog field. The approval of … Read the full press release

Equinor ASA Appoints Tone Hegland Bachke and Fernanda Lopes Larsen to Board of Directors

(IN BRIEF) Equinor ASA welcomed Tone Hegland Bachke and Fernanda Lopes Larsen as new members of its board of directors during a recent corporate assembly meeting on June 4, 2024. The assembly also re-elected Jon Erik Reinhardsen as chair and … Read the full press release

Hydro Extrusion Sweden Launches Onsite Renewable Energy Production for Zero Emissions

(IN BRIEF) Hydro Extrusion in Sweden takes a significant step towards achieving zero emissions by initiating onsite production of renewable energy. The company, through its renewable energy subsidiary Hydro Rein, completes phase one of the project, installing rooftop and ground-mounted … Read the full press release

DNV Launches Groundbreaking Advanced Healthcare Cybersecurity Certification for Hospitals Worldwide

(IN BRIEF) DNV, a leading energy expert and assurance provider, has introduced the Advanced Healthcare Cybersecurity Certification (AHCC), marking a significant milestone in cybersecurity for hospitals. This pioneering certification, available globally, aims to help healthcare organizations enhance their cybersecurity systems, … Read the full press release

DNV Leads Industry Collaboration to Enhance Wind Turbine Blade Certification Standards

(IN BRIEF) DNV, a leading energy expert and assurance provider, spearheaded a collaborative effort resulting in the revision of the DNV-ST-0376 rotor blade standard, aimed at meeting the evolving needs of wind turbine owners and manufacturers. In response to the … Read the full press release

Gasum and Equinor Extend LNG Supply Deal for Cleaner Maritime Transport

(IN BRIEF) Gasum and Equinor have entered into a long-term contract for Gasum to supply LNG to Equinor’s dual-fuel chartered fleet of vessels, building on their successful previous collaboration. Gasum’s bunker vessels Coralius, Kairos, and Coral Energy will facilitate bunkering … Read the full press release

Advansia to Lead Development of NRK’s Innovative Oslo Headquarters

(IN BRIEF) Advansia, part of AFRY, has secured an advisory contract with NRK, the Norwegian public broadcaster, to oversee the development of their new headquarters in Oslo. The project aims to create a world-class media house, emphasizing sustainability and fostering … Read the full press release

DNV Assists SN Aboitiz Power Group in Pioneering Battery Energy Storage System at Magat Hydroelectric Plant

(IN BRIEF) DNV, a renowned energy expert and assurance provider, has collaborated with SN Aboitiz Power Group (SNAP) in the development of a groundbreaking Battery Energy Storage System (BESS) co-located with the Magat Hydroelectric Power Plant in the Philippines. The … Read the full press release

DNV Clinches Technical Advisory of the Year Award at 2024 Wind Investment Awards

(IN BRIEF) DNV, a leading assurance and risk management provider, secures the prestigious Technical Advisory of the Year honor at the 2024 Wind Investment Awards. This recognition highlights DNV’s exceptional contributions to the wind industry, particularly in the UK, where … Read the full press release

Equinor and Partners Invest NOK 12 Billion to Boost Gas Infrastructure in Troll West

(IN BRIEF) Equinor and Troll partners have committed to investing over NOK 12 billion to enhance the gas infrastructure in the Troll West gas province, aiming to accelerate production from the reservoir and sustain high gas export levels leading up … Read the full press release

Equinor Declares Cash Dividend for Q4 2023

(IN BRIEF) Equinor ASA announced an ordinary cash dividend of USD 0.35 per share and an extraordinary cash dividend of USD 0.35 per share for the fourth quarter of 2023. The NOK cash dividend per share is calculated based on … Read the full press release

Neumann Bygg Expands Presence with New Branch in Slemmestad, Norway

(IN BRIEF) Neumann Bygg, a subsidiary of the STARK Group in Norway, reinforces its market position with the inauguration of a new branch in Slemmestad, marking its third branch opening in as many months. This expansion underscores the company’s commitment … Read the full press release

AF Energi og Miljø AS Expands Renewable Energy Portfolio with Acquisition of ETA Norge AS

(IN BRIEF) AF Energi og Miljø AS has finalized the acquisition of 70% of the shares in ETA Norge AS, a proficient bioenergy contractor. ETA Norge, established in 2023, specializes in delivering heating systems and providing project planning, installation, and … Read the full press release

Equinor and Petoro Announce Strategic Asset Swap in Haltenbanken Area

(IN BRIEF) Equinor and Petoro have finalized a value-neutral asset swap agreement in the Haltenbanken area, aimed at optimizing ownership in key production hubs. Equinor will increase its stake in the Heidrun field and Noatun discovery while reducing ownership in … Read the full press release

Hydro Appoints New Leaders to Drive Future Growth and Strategy

(IN BRIEF) Hydro has announced significant changes to its Executive Leadership Team under the new leadership of President and CEO, Eivind Kallevik, who took office on May 13, 2024. Hanne Karine Simensen, previously the Head of Commercial in Hydro Aluminium … Read the full press release

Euronext Receives S&P Rating Upgrade to BBB+ with Positive Outlook

(IN BRIEF) Euronext, the leading pan-European market infrastructure, celebrates a significant milestone as S&P upgrades its rating from ‘BBB+, Stable Outlook’ to ‘BBB+, Positive Outlook’. This decision reflects Euronext’s successful integration of the Borsa Italiana Group, expansion of Euronext Clearing, … Read the full press release

Yara’s First Quarter 2024: Earnings Dip Amidst Rising Deliveries, Decarbonization Success, and Market Dynamics Shift

(IN BRIEF) Yara’s first-quarter 2024 earnings saw a decline, with EBITDA down by 11% compared to the previous year, primarily attributed to lower prices. Despite this, total deliveries surged by 12%, notably in Europe, which saw a 37% increase. The … Read the full press release

EU Commission Backs Thales-Led AI Project for Land Forces’ Optronic Systems

(IN BRIEF) The European Commission has signed a Grant Agreement for the STORE (Shared daTabase for Optronics image Recognition and Evaluation) research project, led by Thales and funded by the European Defence Fund (EDF). Involving a consortium of 20 partners … Read the full press release

DNV Bolsters Presence in Aquaculture Sector with Full Ownership of Ocean Ecology

(IN BRIEF) DNV has completed the acquisition of Ocean Ecology, a leading UK marine environmental consultancy, solidifying its position in the aquaculture and biodiversity sector. Previously majority-owned by Åkerblå, Ocean Ecology has established itself as a trusted provider of marine … Read the full press release

Hydro Expands Recycling Capacity to Accelerate Decarbonization Efforts

(IN BRIEF) Hydro has inaugurated the Høyanger Recycling facility, a significant step in its commitment to decarbonize the aluminium value chain and foster a circular economy. With an investment of NOK 240 million, the purpose-built facility, located near its primary … Read the full press release

ORLEN Group Electrifies Sleipner Field, Slashing Carbon Emissions

(IN BRIEF) ORLEN Group continues its commitment to sustainability with the electrification of the Sleipner field in the North Sea, connecting it to clean energy generated onshore. This initiative will result in the prevention of 160,000 tonnes of carbon dioxide … Read the full press release

DNV Grants Class and Statutory Certificates to Fortescue’s Green Pioneer, Pioneering Ammonia-Powered Vessel

(IN BRIEF) During Singapore Maritime Week, DNV awarded Australian company Fortescue with class and statutory certificates for its revolutionary dual-fuelled ammonia-powered ship, the ‘Green Pioneer’. This achievement marked the culmination of a project initiated in 2021, with DNV engaged to … Read the full press release

Tragic Helicopter Accident Highlights Safety Priorities Amid Positive Trends

(IN BRIEF) Equinor faced a devastating blow in the first quarter with the loss of a colleague in a helicopter crash, underscoring the paramount importance of safety measures across its operations. While investigations continue into the accident involving Bristow, Equinor … Read the full press release

DNV Unveils Billion-Dollar Opportunity: Collaborative Decarbonization in ASEAN

(IN BRIEF) A new study by DNV reveals that collaborative efforts towards decarbonizing the energy supply in ASEAN member states could lead to a staggering reduction of USD 800 billion in costs by 2050. The study contrasts three scenarios: individual … Read the full press release

Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release

Norsk Hydro ASA Announces Hybrid Annual General Meeting for May 7, 2024

(IN BRIEF) Norsk Hydro ASA has scheduled its Annual General Meeting for May 7, 2024, at 10:00 CEST, offering a hybrid format allowing shareholders to attend either in person or digitally, with options for advance voting or proxy participation. While … Read the full press release

ANDRITZ Deepens Partnership with HydrogenPro with Strategic Acquisition

(IN BRIEF) ANDRITZ, an international technology group, has acquired a 13.8% stake in HydrogenPro, a Norwegian company specializing in pressurized alkaline electrolyzers for green hydrogen production. This acquisition builds upon the strategic partnership established between the two companies in the … Read the full press release