(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
(IN BRIEF) Irizar e-mobility, a Spanish electric vehicle manufacturer, has become the first company to incorporate recycled aluminium produced using green hydrogen into their products. Hydro Extrusions, their supplier, produced the recycled aluminium in Navarra, Spain, using green hydrogen, which … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Norway, Spain, Technology, Transportation & Logistics
Tagged Bruno D’hondt, e-mobility, electric buses, GREEN HYDROGEN, Guillermo-A. Fernández Caballero, Irizar, Norsk Hydro, partnership, recycled aluminium, Spain, sustainability
(IN BRIEF) Equinor has reached an agreement to divest its Nigerian business, including its 53.85% ownership in oil and gas lease OML 128, which encompasses a 20.21% stake in the Agbami oil field operated by Chevron, to Nigerian-owned Chappal Energies. … Read the full press release
(IN BRIEF) Hydro, a leading global aluminium company, has announced its strategic direction for the coming decade, focusing on capturing opportunities in the growing demand for low-carbon aluminium. The company aims to achieve this by stepping up its efforts in … Read the full press release
(IN BRIEF) GreenPowerMonitor (GPM), a subsidiary of DNV, has unveiled its innovative Hybrid Power Plant Controller (GPM Hybrid PPC) designed to revolutionize the management of hybrid power plants. Unlike conventional renewable energy plants that rely on a single power source, … Read the full press release
(IN BRIEF) Hydro, a global aluminium producer, has signed a significant agreement with Sanvira Tech LLC to secure a stable supply of carbon anodes from Oman for its Norwegian aluminium smelters. The contract spans eight years with extension options and … Read the full press release
Posted in Business, Industrial, Metals and Minerals, Norway
Tagged Aluminium Smelters, carbon anodes, Eivind Kallevik, Hydro, Norway, Oman, Sanvira Tech LLC
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