(IN BRIEF) Equinor has secured over USD 3 billion in financing for its Empire Wind 1 offshore wind project in the U.S., with financial close reached in December 2024. The project, which will power 500,000 homes in New York by … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged BP, capital investment, construction jobs, Empire Wind, Empire Wind 1, energy security, Equinor, financial close, financing, Jens Økland, Long Island, Molly Morris, New York, New York City grid, New York State Energy Research and Development Authority, offshore wind farm, PSA, renewable energy, SBMT, South Brooklyn Marine Terminal, tax credits, U.S. offshore wind, union jobs, USD 3 billion, wind energy, wind power
(IN BRIEF) The European Investment Fund (EIF) has committed NOK 295 million (€25 million) to Momentum III, a Norwegian fund targeting early-stage climate tech companies in the Nordics and EU-27. Backed by the European Commission’s InvestEU initiative, the fund will … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway, Technology
Tagged European Investment Fund, Green Tech Fund, Hilde Støle Pettersen, Marjut Falkstedt, Momentum, Nicolas de La Grandville, Norway, partnership, sustainability
(IN BRIEF) AFRY has secured a framework agreement with the Norwegian Nuclear Decommissioning agency (NND) to provide project and programme management services, aiding NND in the safe decommissioning of nuclear facilities and nuclear waste disposal. The four-year agreement, with a … Read the full press release
(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 7-year EUR 42.8 million loan agreement with Sunnhordland Kraftlag AS (SKL) to finance the modernization of the Løkjelsvatnet hydropower plant in Etne, Norway. Completed in October, the upgrade doubled the … Read the full press release
(IN BRIEF) DNV has released the DNV-ST-J301 Electrolyser Systems standard, setting a benchmark for the safe design, construction, and operation of electrolysers used in hydrogen production. This standard provides a comprehensive, risk-based framework to ensure safety and scalability throughout the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Security & Safety, Technology
Tagged DNV, DNV-ST-J301 Electrolyser Systems Standard, Electrolyser Systems, hydrogen production, Magnus Killingland, Peter Paschke, Prajeev Rasiah, safety, Scalability
(IN BRIEF) Thales and Avinor have partnered to implement a next-generation Unmanned Traffic Management (UTM) system across Norway, enabling the safe integration of unmanned and manned aircraft while adhering to European regulatory standards. Powered by Thales’ TopSky – UAS and … Read the full press release
Posted in Aviation & Aerospace, Business, Environment, Financial, France, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology, Transportation & Logistics
Tagged Avinor, Christian Rivierre, INNOVATION, Mats Bye Gjertsen, Norway, partnership, safety, sustainability, Thales, Unmanned Traffic Management System
(IN BRIEF) The JV AF Ghella construction site in Oslo celebrated Santa Barbara Day on December 4 with a Catholic mass, choral performances, and a ceremonial tunnel blast. Santa Barbara, the patron saint of tunnel and mine workers, was honored … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Norway, Technology
Tagged AF Gruppen, Father Cornelius Arinze Onwuekwe, Italy, JV AF Ghella Construction Site, Maurizio Romano, partership, Santa Barbara Day, Stefano Nicoletti, sustainability, Tunnel Workers
(IN BRIEF) DNV’s latest white paper provides shipowners with strategies to navigate the FuelEU Maritime regulations taking effect in January 2025, which mandate strict GHG emission intensity limits for ships over 5,000 GT in the EU/EEA. The rules account for … Read the full press release
Posted in Business, Environment, Financial, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged DNV, FuelEU Maritime Regulations, Knut Ørbeck-Nilssen, sustainability
(IN BRIEF) Equinor UK and Shell UK are joining forces to create the largest independent energy producer in the UK North Sea, combining their offshore oil and gas portfolios into a new joint venture. The company, equally owned by both … Read the full press release
(IN BRIEF) DNV Cyber has joined the Microsoft Intelligent Security Association (MISA) and earned Microsoft’s verification for its Managed Extended Detection and Response (MXDR) solution. As part of MISA, DNV Cyber collaborates with leading cybersecurity providers to enhance threat detection … Read the full press release
Posted in Business, Financial, Government, Industrial, Internet & Online, Investment, Management, News, Norway, Security & Safety, Technology
Tagged cybersecurity solutions, DNV, DNV Cyber, Jan Mickos, Microsoft Intelligent Security Association (MISA), Microsoft’s verification for its Managed Extended Detection and Response (MXDR) solution, partnership, Rob Lefferts, USA
(IN BRIEF) The European Investment Fund (EIF) has committed €40 million to HAVN Capital II, a Norway-based private equity fund targeting €250 million to invest in companies advancing renewable energy, electrification, and energy efficiency in Northern and Western Europe. The … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway
Tagged EIF, Europe, HAVN Capital II, low carbon transition, Norway, partnership, sustainability, Thomas Östros, Tomas Hvamb
(IN BRIEF) Hydro’s Alumetal recycling plant in Kety, Poland, will enhance its sustainability by installing solar panels to generate 1,000 MWh of renewable electricity annually, set to be operational by mid-2025. The EUR 870,000 investment is part of Hydro’s broader … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Metals and Minerals, News, Norway, Poland, Technology
Tagged Agnieszka Drzyżdżyk, Alumetal, Hanne Simensen, Hydro, Kety Plant, partnership, Poland, renewable, sustainability
(IN BRIEF) Equinor ASA announced a total cash dividend of USD 0.70 per share for Q2 2024, comprising an ordinary and an extraordinary dividend of USD 0.35 each. Based on the average USD to NOK exchange rate of 11.0741, the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged Dividend Payments, Equinor, Financial, investment
(IN BRIEF) AF Gruppen has partnered with Linstow on a NOK 360 million project to rehabilitate and expand office spaces at Tollbugata 32 and Akersgata 13-15 in Oslo. The project will merge and renovate the properties, adding a courtyard extension … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged AF Gruppen, Eirik Wraal, Linstow, Oslo Office Spaces, partnership, sustainability
(IN BRIEF) Fincantieri’s Norwegian subsidiary, Vard, has signed a €200 million contract to design and construct five Walk-to-Work vessels for an international client. The vessels, designed to support offshore oil and gas platforms, will feature hybrid propulsion systems, advanced motion-compensated … Read the full press release
Posted in Business, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Norway, Technology, Transportation & Logistics
Tagged Fincantieri, Norway, partnership, Pierroberto Folgiero, sustainability, Vard, Walk-to-Work Vessels
(IN BRIEF) Skanska has entered a NOK 569 million contract with WS Computing AS to construct the core and shell of a hyperscale data center in Skien, Norway. This deal builds on an earlier NOK 1.1 billion contract, bringing the … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden, Technology
Tagged Data Center Project, Norway, partnership, Skanska, sustainability
(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
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