(IN BRIEF) Global energy expert DNV has introduced its latest service specification, DNV-SE-0654, outlining procedures to verify assertions made by companies regarding the production and distribution of low-carbon hydrogen and ammonia. This service empowers hydrogen producers to demonstrate compliance with … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway
Tagged ammonia, DNV, DNV-SE-0654, Hans Kristian Danielsen, Jørg Aarnes, low-carbon hydrogen, sustainability
(IN BRIEF) Equinor has solidified its position in the low-carbon solutions arena with a 25% stake acquisition in Bayou Bend CCS LLC. This partnership bolsters one of the largest US carbon capture and storage (CCS) projects situated along the Gulf … Read the full press release
(IN BRIEF) Equinor and its partners have successfully completed a project to increase production by 26 million barrels of oil equivalents from the Statfjord Øst field in Norway. The project was finished with strong safety outcomes and within estimated costs, … Read the full press release
Posted in Business, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Camilla Salthe, Equinor, Ketil Rongved, Norway, Statfjord Øst Field
(IN BRIEF) Equinor and its partners are implementing an innovative solution to enhance energy efficiency and reduce emissions at the Statfjord C platform. The plan involves replacing two gas turbines with a steam turbine powered by heat recovery from gas … Read the full press release
(IN BRIEF) Equinor ASA, a global energy company, has disclosed its dividend payouts for the first quarter of 2023. On May 4th, 2023, Equinor declared a regular dividend of USD 0.30 per share and an extraordinary dividend of USD 0.60 … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged Equinor, Financial, NYSE, Oslo, Q1 2023 Dividend Payouts, shareholders
(IN BRIEF) ORLEN, a major energy company, has finalized an agreement with GAZ-SYSTEM to secure a regasification capacity of 6.1 billion cubic meters (bcm) per year at the Floating Storage Regasification Unit (FSRU) terminal to be constructed in the Gulf … Read the full press release
(IN BRIEF) Hydro, a company specializing in aluminium solutions, has commenced the installation of solar panels and battery storage systems at its Swedish extrusions’ factories in Vetlanda, Sjunnen, and Finspång. The project, named Greener Sweden, aims to transition these factories … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Norway
Tagged Finspång, Greener Sweden Project, Hydro, Hydro Extrusions, Hydro REIN, Jonas Bjuhr, Marianne Wergeland Jenssen, renewable energy, Sjunnen, sustainability, Swedish Factories, Vetlanda
(IN BRIEF) Yara, an international agricultural company, has announced executive appointments to its leadership team. Magnus Krogh Ankarstrand has been named EVP Corporate Development. Ankarstrand, who previously held roles as CEO of Yara Clean Ammonia, SVP Yara North America, and … Read the full press release
Posted in Agriculture, Business, Chemicals, Industrial, Management, News, Norway
Tagged appointments, Jorge Noval, leadership, Magnus Krogh Ankarstrand, Svein Tore Holsether, Yara
(IN BRIEF) Yara Germany, the Bindewald & Gutting Milling Group, and Harry-Brot have formed a partnership to decarbonize cereal cultivation in Germany by using green fertilizers produced with renewable energy sources. Norwegian ammonia generated through hydropower will be processed into … Read the full press release
(IN BRIEF) The Norwegian government has given the go-ahead to the Snøhvit Future project, with certain conditions. This initiative focuses on onshore compression starting in 2028 and plant electrification from 2030. The decision aims to enhance Norway’s position as a … Read the full press release
(IN BRIEF) Hydro, a leading aluminum company, is investing NOK 67 million (EUR 6 million) to upgrade its aluminum extrusion plant in Lucé, France. The investment aims to improve the plant’s equipment, buildings, and infrastructure, enhancing its potential to become … Read the full press release
(IN BRIEF) DNV, a global independent energy expert and assurance provider, has provided due diligence services to Actis GP LLP, a sustainable infrastructure investor, for their inaugural acquisition of a new Japan-focused renewables infrastructure fund. Actis acquired HERGO Japan Energy’s … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged acquisition, Actis, Brice Le Gallo, DNV, HERGO, Japan, Liam Smith, partnership, sustainability, Yukinobu Uchida
(IN BRIEF) Hydro Rein and GreenGo Energy have expanded their partnership to develop two new early phase solar projects in Denmark. The combined capacity of the projects is 410 MW, with an estimated total annual production of 522 GWh. The … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, News, Norway
Tagged Denmark, GreenGo Energy, Hydro REIN, Karsten Nielsen, Lisa Haukaas, Norsk Hydro, partnership, solar projects, sustainability
(IN BRIEF) International technology group, ANDRITZ, has secured an order from Norske Skog Skogn to supply a thermomechanical pulping (TMP) line for their newsprint mill in Levanger, Norway. The customized solution provided by ANDRITZ combines both new and secondhand equipment … Read the full press release
Posted in Austria, Industrial, Norway, Technology
Tagged Andritz, fossil CO2 emissions, landfilled waste, LC refiner, Levanger, newsprint mill, Norske Skog Skogn, Norway, NOx emissions, paper, pulp, thermomechanical pulping, TMP
(IN BRIEF) Triton, through a vehicle controlled by Triton Fund IV, has acquired Techouse AS, a renowned provider of energy recovery and water treatment solutions to the offshore oil and gas sector. The acquisition aims to bring Techouse under a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Investment, Norway, Technology
Tagged acquisition, Bluewater Private Equity, Cubility, Cubility AS, energy recovery, Kai Sæveland, offshore gas, offshore oil, solid control systems, Svein Helge Pettersen, Techouse, Techouse AS, Triton, Triton Fund IV, water treatment solutions
(IN BRIEF) DNV, along with other organizations, is renewing its partnership to address the challenges of data and information standardization in the energy sector. The lack of a common digital language and standardization leads to inefficiencies, waste, and safety risks. … Read the full press release
(IN BRIEF) Skanska has been awarded a contract worth NOK 800M (SEK 800M) by Vestland County to build the new Ytre Steinsund bridge in Solund municipality, Norway. The bridge will be 811 meters long, situated 50 meters above sea level, … Read the full press release
(IN BRIEF) BASF and Yara Clean Ammonia have partnered to conduct a joint study for the development of a large-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region. The aim is to construct a … Read the full press release
(IN BRIEF) Eni and Vår Energi have announced their agreement to acquire Neptune Energy Group, a leading exploration and production company with gas-oriented operations in Western Europe, North Africa, Indonesia, and Australia. Eni will acquire Neptune’s global business, excluding Germany … Read the full press release
Posted in Business, Energy, Gas & Oil, Investment, Italy, Norway
Tagged acquisition, Eni, exploration, natural gas production, Neptune Energy Group, Vår Energi
(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Norway
Tagged aluminium, Hydro, Malaysia, offshore floating solar, offshore floating solar energy, Paul Warton, renewable energy, SolarDuck, SolarDuck offshore floating solar plant, Tenaga Nasional Berhad, TNB, TNB Renewables Sdn Bhd, TNB Research Sdn Bhd
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