(IN BRIEF) Advansia, a part of AFRY, has been granted a framework agreement to provide project management services for multiple hospital construction projects in Southeastern Norway, replacing the existing agreement with the Regional Health Authority. The South-Eastern Norway Regional Health … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Advansia, AFRY, Christopher Klepsland, Healthcare, Hospital Construction Projects, partnership, Southeastern Norway, sustainability
(IN BRIEF) Equinor has announced a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, it is considered commercially viable due to its ability to leverage existing infrastructure by the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway
Tagged Camilla Salthe, Commercially Viable Gas, Equinor, Gina Krog Field, KUFPEC, North Sea, partnership, PGNiG, sustainability
(IN BRIEF) DNV, a leading energy expert and assurance provider, is collaborating with KREDO Offshore, a Korean renewable energy developer, to advance offshore wind farm projects in South Korea. DNV is overseeing the deployment and monitoring of seven Floating Lidar … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Norway, Technology
Tagged assurance provider, Brice Le Gallo, DNV, energy expert, Floating Lidar System, KREDO Offshore, Mike Hallett, Offshore wind, offshore wind farms, renewable energy, South Korea, wind farm, wind measurement project, Yoon Woo Sik
(IN BRIEF) Advansia, a subsidiary of AFRY, has been awarded two significant framework agreements aimed at facilitating the development and expansion of Norway’s power transmission network. Statnett, the state-owned enterprise responsible for the country’s power transmission system, is in the … Read the full press release
(IN BRIEF) Continental has acquired Vertech AB, a conveyor and maintenance company located in Kiruna, Northern Sweden. Vertech AB specializes in servicing the conveyor industry in mining areas of Sweden and Norway. This acquisition is part of Continental’s strategy to … Read the full press release
Posted in Automotive, Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged acquisition, Continental, Norway, partnership, sustainability, Sweden, Vertech AB
(IN BRIEF) Global listed real estate has experienced a significant correction, with a 25% drop in EUR terms since the beginning of 2022, leading to property companies trading at a 20% discount to their net asset value (NAV). In Europe, … Read the full press release
Posted in Business, Economy, Financial, Industrial, Investment, Management, News, Norway, Real Estate
Tagged Bargain Valuations, Economic Outlook, Financial, investment, real estate, SKAGEN
(IN BRIEF) Equinor and RWE have signed a new supply agreement for natural gas, covering a period of five years starting in October. The agreement entails the supply of 10 to 15 terrawatt hours (TWh) of natural gas annually, strengthening … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Norway
Tagged Andree Stracke, energy security, Equinor, Helge Haugane, natural gas, partnership, RWE, sustainability, transition
(IN BRIEF) RWE, an energy company based in Germany, has signed a new supply agreement with Equinor, a Norwegian energy company, for natural gas. The agreement spans five years, starting in October, with an annual volume ranging from 10 to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Norway
Tagged Andree Stracke, energy security, Equinor, Germany, Helge Haugane, Natural Gas Supply, Norway, partnership, RWE, sustainability, transition
(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release
(IN BRIEF) Norsk Hydro ASA has provided details of transactions made under its share buyback program, which commenced on September 22, 2023, and is set to conclude on February 29, 2024. The program has involved multiple transactions, with varying daily … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway
Tagged Financial, investment, Norsk Hydro, Share Buyback Program
(IN BRIEF) Yara Growth Ventures and Navigator Holdings have invested 5.4 million EUR in Azane Fuel Solutions, a Norwegian ammonia bunkering startup. Azane aims to construct the world’s first ammonia bunkering network, starting with its first bunkering unit in Norway, … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Investment, Norway, Technology, Transportation & Logistics
Tagged ammonia bunkering, ammonia fuel handling, Amon Maritime AS, André Risholm, Azane, Azane Fuel Solutions AS, ECONNECT Energy AS, green fuels, Mads Peter Zacho, Navigator Holdings Ltd., shipping, Stian Nygaard, Yara Clean Ammonia, Yara Growth Ventures, Yara International ASA
(IN BRIEF) Macquarie Asset Management has inked an agreement with Hydro, a prominent Norwegian aluminum and renewable energy company, to purchase a 49.9 percent ownership interest in Hydro’s renewable energy subsidiary, Hydro Rein, for $332 million. This deal values Hydro … Read the full press release
(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and ConocoPhillips, has started production at the Breidablikk field in the North Sea, four months ahead of schedule and within budget. The subsea field, tied to the Grane platform, contains nearly … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Norway
Tagged Breidablikk, Breidablikk field, ConocoPhillips, Equinor, Geir Tungesvik, Grane platform, Kjetil Hove, North Sea, oil, Petoro, Vår Energi, Øygarde
(IN BRIEF) Equinor, a global energy company, reports a continued improvement in safety as it records a decline in serious incidents and injuries per million hours worked in the third quarter of 2023. The serious incident frequency remains steady at … Read the full press release
(IN BRIEF) AF Gruppen’s subsidiary Kanonaden Entreprenad has secured a contract to construct and install a new series compensation station in Isovaara for Svenska kraftnät. This project, carried out in collaboration with Hitachi Energy, is part of the Aurora Line, … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden, Technology
Tagged AF Gruppen, Bård Frydenlund, Finland, Hitachi Energy, Isovaara, Kanonaden Entreprenad, partnership, power line, sustainability, Sweden
(IN BRIEF) Funds advised by Triton have entered into an agreement to support the growth of Wavelynx Technologies, a leader in mobile-first identity and access control solutions. Wavelynx specializes in open hardware and software for access control, including readers, controllers, … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Norway, Technology, Telecom
Tagged Access Control Solutions, Hugo Wendling, partnership, Sachin Jivanji, Triton, Wavelynx Technologies
(IN BRIEF) Despite record-high sales of electric vehicles, increased solar and battery installations, and the rapid expansion of renewables, fossil fuels are still growing in absolute terms and meeting half of the world’s new energy demand, according to DNV’s Energy … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway, Technology
Tagged CO2 emissions, DNV, energy transition, fossil fuels, Remi Eriksen, sustainability
(IN BRIEF) DNV, a prominent maritime classification company, has released new guidelines for the safe installation of onboard carbon capture and storage (OCCS) systems on ships. These guidelines come at a critical time when the shipping industry faces increasing pressure … Read the full press release
(IN BRIEF) DNV, a classification society, has awarded Hanwha Ocean an Approval in Principle (AiP) for their groundbreaking 270,000cbm LNG carrier design. This innovative LNG carrier, measuring 345 meters in length and featuring a breadth (moulded) of 55 meters, is … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Norway, Transportation & Logistics
Tagged DNV, Hanwha Ocean, innovative, Jong Seo Kim, LNG carrier, partnership, sustainability, Vidar Dolonen
(IN BRIEF) AF Gruppen, a construction and engineering company, has been awarded a contract worth SEK 134 million (excluding VAT) for the construction and modernization of the Busör sewage treatment plant in Halmstad municipality. The project, undertaken as a turnkey … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged AF Gruppen, Bård Konrad Frydenlund, Busör Sewage Treatment Plant, Halmstad, Laholmsbuktens VA AB, modernization, partnership, sustainability
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