(IN BRIEF) Four major energy companies—bp, Equinor, Shell, and TotalEnergies—have committed $500 million to address global energy access challenges, particularly in underserved regions like Sub-Saharan Africa, South Asia, and Southeast Asia. This collaborative effort aims to support UN Sustainable Development … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged Anders Opedal, BP, Energy Access, Equinor, France, Norway, partnership, Patrick Pouyanné, Shell, South Asia, Southeast Asia, sub-Saharan Africa, sustainability, TotalEnergies, UK, UN Sustainable Development Goal 7 (UN SDG7), Underserved Regions, Wael Sawan
(IN BRIEF) Telenor Group has launched its AI Factory, an initiative backed by a 100 million NOK investment to support AI-driven transformations in various industries. Powered by NVIDIA’s AI platform, the AI Factory aims to accelerate AI adoption in the … Read the full press release
Posted in Artificial Intelligence (AI), Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, Telecom, Transportation & Logistics
Tagged AI Factory, AI Transformation, Christoffer Jørgenvåg, Hive Autonomy, INNOVATION, Jannicke Hilland, NVIDIA, partnership, sustainability, Telenor Group
(IN BRIEF) Paratus Energy has transitioned from Euronext Growth Oslo to the main market at Euronext Oslo Børs, becoming the fourth company to make this move within the year. Formerly known as Seadrill New Finance, Paratus serves as a holding … Read the full press release
(IN BRIEF) A new report by DNV reveals that a majority of maritime professionals (61%) are willing to accept greater cyber risks to enable innovation and digital transformation. With growing reliance on technologies like AI, IoT, and satellite communications, cyber … Read the full press release
Posted in Artificial Intelligence (AI), Business, Defence, Financial, Industrial, Internet & Online, Investment, Management, News, Norway, Security & Safety, Technology, Transportation & Logistics
Tagged cyber risk, Cybersecurity, DNV, INNOVATION, Knut Ørbeck-Nilssen, Maritime Sector, partnership, SECURITY, Svante Einarsson
(IN BRIEF) DNV has been ranked in the top five ESG and sustainability assurance providers in Verdantix’s Green Quadrant 2024 report, praised for its carbon emissions expertise and industry-specific services. DNV’s innovative digital solutions and strong technical knowledge enable it … Read the full press release
Posted in Awards, Business, Environment, Financial, Industrial, Investment, Management, News, Norway
Tagged Awards, DNV, ESG & Sustainability Assurance Report 2024, leadership, Norway, sustainability, Verdantix
(IN BRIEF) Equinor has acquired an additional 11.8% stake in the Halten East Unit from Sval Energi, increasing its ownership to 69.5%. Halten East, an offshore project in the Norwegian Sea, holds around 100 million barrels of oil equivalent, mostly … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged acquisition, Equinor, Europe, gas exports, Grete Birgitte Haaland, Halten East Offshore Project, ownership, partnership, sustainability, Sval Energi
(IN BRIEF) Airbus and Østnes Helicopters have signed a contract for ten additional H125 helicopters to serve the Nordic region, where these aircraft are widely used for utility and aerial missions. The agreement highlights the H125’s adaptability for critical tasks … Read the full press release
(IN BRIEF) LAB Entreprenør AS, part of AF Gruppen, has been contracted by OBOS Nye Hjem to develop a NOK 428 million apartment project in Bergen’s Nøstet district. The waterfront project will feature three residential buildings, an underground garage, outdoor … Read the full press release
(IN BRIEF) AF Gruppen has been awarded a NOK 1.4 billion contract to develop the Diakonhjemmet Campus in Oslo, which will include facilities for a health and social care high school, VID University College, a metro platform, and shared infrastructure. … Read the full press release
Posted in Business, Construction, Education, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged AF Gruppen, Amund Tøftum, Diakonhjemmet Campus Project, Education, expansion, health, Oslo, partnership, sustainability
(IN BRIEF) Vantage Drilling, an offshore drilling contractor, has listed on Euronext Growth Oslo, achieving a market capitalization of NOK 3.8 billion with an initial share price of NOK 287. This marks the ninth listing on Oslo’s market this year … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, International Trade, Investment, Management, Marketing, News, Norway
Tagged Bermuda, Eirik Høiby Ausland, Euronext, Ihab Toma, market capitalization, Oslo, Vantage Drilling, Øivind Amundsen
(IN BRIEF) AF Gruppen has been awarded a NOK 212 million contract by Helse Sør-Øst RHF to build the Structural Shell Somatics Base West at New Aker hospital. The project includes groundwork, concrete foundations, and prefabricated structures, with work starting … Read the full press release
(IN BRIEF) Lifecare, a Norwegian medtech company developing implantable sensors for glucose and biomarker monitoring, has transitioned from Euronext Growth Oslo to the main Euronext Oslo Børs market. This marks a significant milestone for the company, with a market capitalization … Read the full press release
(IN BRIEF) DNV and Taiwan’s Metal Industries Research & Development Centre (MIRDC) have signed a three-year Memorandum of Understanding (MoU) to collaborate on advancing renewable energy technologies in Taiwan. The partnership will focus on floating solar and wind technologies, energy … Read the full press release
Posted in Bulgaria, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Brice Le Gallo, DNV, Dr. Matthew Rowe, INNOVATION, Metal Industries Research & Development Centre (MIRDC), partnership, Ren-Yi Lin, renewable energy, sustainability, Taiwan, Yung-Hsiang Lai
(IN BRIEF) Statkraft has applied for a permit to develop the 2.1 GW Baltic Offshore Delta North wind farm in the Baltic Sea, located 100 kilometers east of Stockholm. This bottom-fixed offshore wind project, designed to generate up to 8 … Read the full press release
(IN BRIEF) Altor Fund III has announced the sale of Carnegie Investment Bank, a top Nordic investment bank and asset manager, to DNB Bank ASA. Altor acquired Carnegie in 2009 and has since helped the firm grow into a market … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Norway, Sweden
Tagged acquisition, Altor, Carnegie Investment Bank, DNB, investment, Norway, partnership, Tony Elofsson
(IN BRIEF) The European Investment Fund (EIF) has committed €100 million to the Prime Green Energy Infrastructure Fund II (PGEIF II), managed by Prime Capital AG, to support renewable energy projects in Scandinavia. This brings the fund’s total size to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Norway, Sweden
Tagged Andreas Kalusche, Dr. Mathias Bimberg, EIF, ENERGY, Finland, Marjut Falkstedt, Norway, partnership, Prime Capital AG, Prime Green Energy Infrastructure Fund II (PGEIF II), Scandinavia, sustainability, Sweden
(IN BRIEF) Telenor’s Nordic Digital Security 2024 report emphasizes the urgency for greater collaboration and readiness across the Nordic region as the EU’s NIS2 Directive takes effect. The directive aims to enhance cybersecurity by enforcing stricter security requirements and mandatory … Read the full press release
(IN BRIEF) Hydro Energi AS has signed a long-term power purchase agreement (PPA) with Skellefteå Kraft AB to supply 2 TWh of renewable energy to Hydro’s Norwegian aluminium plants from 2025 to 2032. This agreement supports Hydro’s efforts to produce … Read the full press release
(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged INNOVATION, Integrated Wind Solutions, Marius Magelie, net zero, NIB, Norway, Offshore wind, partnership, sustainability
(IN BRIEF) Hydro has renewed its partnership with Dutch yacht builder Vaan Yachts BV to advance sustainability in the yachting industry. Building on five years of collaboration, the two companies have signed a letter of intent to develop sheet materials … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, Netherlands, News, Norway, Technology, Transportation & Logistics
Tagged Hanne Karine Simensen, Hydro, Igor Kluin, Netherlands, partnership, sustainability, Thomas Hartmut Ludwig, Vaan Yachts BV, yachting
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