Category Archives: Norway

Press Releases & News from Norway distributed via EuropaWire

Yara Eyde: Pioneering Emission-Free Shipping with Clean Ammonia-Powered Container Ship

(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

Irizar e-mobility Utilizes Recycled Aluminium Produced with Green Hydrogen in Electric Buses

(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

Equinor Agrees to Sell Nigerian Business and Agbami Oil Field Stake to Chappal Energies

(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

Hydro Unveils Ambitious Plans for Greener Aluminium and Sustainable Growth

(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

GreenPowerMonitor Launches GPM Hybrid PPC: A Game-Changer in Hybrid Power Plant Management

(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

Oman’s Sanvira Tech Inks Deal to Supply Carbon Anodes to Hydro’s Norwegian Smelters

(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

Skanska and Syltern JV Awarded NOK 1.3 Billion Contract for E6 Highway in Norway

(IN BRIEF) Skanska, in collaboration with Syltern, has secured a contract with Nye Veier to construct the new E6 highway segment between Berkåk and Vindåsliene in Trøndelag County, Norway. Skanska’s portion of the contract is valued at NOK 1.3 billion, … Read the full press release

DNV, Siemens Energy, and Industry Leaders Launch Joint Project to Enhance Sustainability of Power Transformers

(IN BRIEF) DNV, in partnership with Siemens Energy and major industry players, has initiated a Joint Industry Project (JIP) aimed at improving the sustainability, reliability, and environmental responsibility of power transformers, critical components of the energy infrastructure. The project responds … Read the full press release

Equinor Announces Second Quarter 2023 Dividend Payouts

(IN BRIEF) Equinor ASA has disclosed the dividend payouts for the second quarter of 2023. The company will distribute an ordinary cash dividend of USD 0.30 per share and an extraordinary cash dividend of USD 0.60 per share. The NOK … Read the full press release

DNV to Provide Extensive Inspection Services for East Anglia Three Offshore Wind Farm Project

(IN BRIEF) DNV has entered into an agreement to provide a wide range of inspection services for the East Anglia Three offshore wind project, which is set to become the world’s second-largest wind farm upon its operation in 2026. The … Read the full press release

ORLEN Group’s PGNiG Upstream Norway Expands Natural Gas Operations with KUFPEC Norway Acquisition

(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, is set to take control of KUFPEC Norway, a hydrocarbon producer, significantly boosting the ORLEN Group’s natural gas output in Norway by over one-third, reaching 4 billion cubic meters … Read the full press release

Philips AI Platform Speeds Up Bone Fracture Diagnosis in Norway’s Healthcare System

(IN BRIEF) Philips’ AI-enabled clinical applications platform, in collaboration with Norwegian healthcare provider Vestre Viken Health Trust, is helping accelerate the diagnosis of bone fractures in Norway. The AI-based bone fracture radiology application deployed on Philips AI Manager streamlines the … Read the full press release

Yara International and Northern Lights Sign Historic Agreement for Cross-Border CO2 Transport and Storage

(IN BRIEF) Yara International, a global ammonia player, has entered into a significant commercial agreement with Northern Lights, a CO2 transport and storage provider, to enable the cross-border transportation and storage of CO2. This collaboration aims to reduce Yara’s annual … Read the full press release

TenneT and Statnett Explore Hybrid Interconnector for North Sea Wind Energy

(IN BRIEF) On November 16, 2023, transmission system operators TenneT and Statnett signed a Memorandum of Understanding (MoU) to investigate the feasibility of a hybrid interconnector linking Germany and Norway in the North Sea. Instead of connecting North Sea wind … Read the full press release

DNV and Berenschot to Release Guidelines for Reporting CO2 Footprint in Additive Manufacturing

(IN BRIEF) DNV and Berenschot have announced the forthcoming release of guidelines for reporting the CO2 footprint in additive manufacturing (AM), often referred to as industrial 3D printing. The guidelines are part of the ongoing AM ProGRAM Joint Industry Project … Read the full press release

DNV and Partners Advance Offshore Wind Emission Reduction Framework

(IN BRIEF) DNV and 14 industry partners, including RWE, Vattenfall, Ørsted, and others, have completed phase 1 of the Emission Reduction (EMRED) Joint Industry Project (JIP), which aims to develop a monitoring and reporting framework for quantitatively assessing greenhouse gas … Read the full press release

Hydro Extrusions Partners with Watt Electric Vehicles to Deliver Low-Carbon Aluminum for Innovative Electric Commercial Vehicle

(IN BRIEF) Hydro Extrusions, a leading aluminum manufacturer, has joined forces with UK startup Watt Electric Vehicles (WEVC) to supply recycled, low-carbon aluminum extrusions for WEVC’s upcoming electric commercial vehicle, the eCV1. This collaboration aims to reduce the vehicle’s weight … Read the full press release

Europris Partners with Maersk to Achieve Significant Greenhouse Gas Reductions in Seaborne Logistics

(IN BRIEF) Europris, a leading retail company in Norway, has selected Maersk’s ECO Delivery product to make substantial reductions in greenhouse gas (GHG) emissions associated with its seaborne logistics. The collaboration aims to align with Europris’ strategic goal of reducing … Read the full press release

Hydro Marks 10-Year Investment Milestone in Brazilian Biodiversity Research Consortium

(IN BRIEF) Hydro, the Norwegian aluminum company, has celebrated a decade of investment in the Pará Biodiversity Research Consortium (BRC) in Brazil, amounting to approximately BRL 15 million. Over the years, the BRC has transformed from a formal agreement into … Read the full press release

Hydro Faces Power Supply Disruption as Markbygden Ett Enters Reorganization

(IN BRIEF) Norwegian company Hydro is grappling with a potential disruption in its power supply as Markbygden Ett AB, a power supplier with whom Hydro has a long-term contract, enters into a company reorganization process under the Swedish Reorganization Act. … Read the full press release

DNV Calls for Urgent Policy Changes and Tech Advancements in Net Zero Emissions Report

(IN BRIEF) DNV’s “Pathway to Net Zero Emissions” report emphasizes the need for immediate and lasting emissions reductions to limit global warming to 1.5°C. The report acknowledges that achieving a fully fossil-free energy system by 2050 is unrealistic and instead … Read the full press release

Advansia Secures Framework Agreement for Hospital Construction Projects in Southeastern Norway

(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

Equinor Makes Commercially Viable Gas Discovery Near Gina Krog Field in the North Sea

(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

DNV Supports KREDO Offshore in Offshore Wind Measurement Project for South Korean Green Energy

(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

Advansia, Part of AFRY, Secures Framework Agreements to Support Norway’s Power Grid Development

(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

Continental Expands Industrial Solutions with Acquisition of Conveyor and Maintenance Firm Vertech AB

(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

Global Listed Real Estate Sees Hope Amidst Challenges: Improving Economic Outlook and Bargain Valuations Offer Opportunities

(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

Equinor and RWE Enter 5-Year Natural Gas Supply Agreement to Foster Energy Security and Transition

(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

RWE and Equinor Forge Long-Term Natural Gas Supply Deal to Bolster Energy Security and 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

Low-Carbon Hydrogen Focus: RWE and Equinor’s Innovative Value Chain

(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

Norsk Hydro ASA Reports Share Buyback Program Transactions Totaling NOK 312.8 Million (~ EUR 26.5 Million)

(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

Azane Fuel Solutions Receives 5.4 Million EUR Investment for Ammonia Bunkering Units

(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

Macquarie Asset Management to Acquire Nearly 50% Stake in Hydro’s Renewable Energy Arm

(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

Equinor and Partners Achieve Early Success with Breidablikk Field Production in North Sea

(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

Global Energy Giant Equinor Records Continued Safety Improvements in Q3 2023

(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

AF Gruppen’s Kanonaden Entreprenad Awarded Contract for Series Compensation Station in Isovaara to Boost Sweden-Finland Power Line

(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

Triton Backs Wavelynx Technologies’ Growth in Access Control Solutions

(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

DNV Report: Energy Transition Slow to Replace Fossil Fuels, CO2 Emissions Peak Expected in 2024

(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

DNV’s Onboard Carbon Capture and Storage Guidelines Pave the Way for Safer and Greener Shipping

(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

DNV Grants Approval in Principle to Hanwha Ocean for Innovative 270,000cbm LNG Carrier

(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