(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
(IN BRIEF) Hydro is dedicating €3 million to construct a new water treatment plant at its Schwandorf legacy site in Germany. The legacy site, acquired by Hydro in 2002, holds bauxite residue from operations by VAW from the 1930s to … Read the full press release
(IN BRIEF) In recognition of the UN’s “International Day of Awareness of Food Loss and Waste,” DNV emphasizes the role of certification in reducing food waste across the value chain. The UN reports a rise in hunger since 2014, with … Read the full press release
Posted in Business, Commodities, Education, Environment, Food & Beverage, Industrial, Management, News, Norway
Tagged "International Day of Awareness of Food Loss and Waste, Barbara Frencia, certification, combat, DNV, food loss, Food Value Chain, GLOBALG.A.P., ISO, partnership, sustainability, UN, waste
(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a seven-year loan agreement with Norwegian utility company Varanger Kraft to support the upgrade of their hydrogen facility and the improvement of the electricity distribution network in Norway’s Varanger region. … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged André Küüsvek, Green Energy, hydrogen, NIB, Norway, partnership, sustainability, Varanger Kraft
(IN BRIEF) Equinor and Ithaca Energy have committed $3.8 billion to Phase 1 of the Rosebank development in the UK North Sea. The project aims to recover around 245 million barrels of oil from the Rosebank field, located approximately 130 … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway, United Kingdom
Tagged Altera, Equinor, Floating Production Storage and Offloading vessel, FPSO, iEPCI™, Ithaca Energy, North Sea Transition Authority, North Sea Transition Deal, NSTA, Odfjell Drilling, oil, Rosebank development, Rosebank oil and gas field, TechnipFMC, UK Continental Shelf, UKCS, Voar Energy, Wood Mackenzie
(IN BRIEF) Equinor has entered into a new five-year gas sales agreement with OMV, Austria’s major energy company. Starting from October 1, this year, the deal involves an annual gas volume of 12 TWh, with delivery to OMV’s European portfolio … Read the full press release
Posted in Austria, Energy, Gas & Oil, Industrial, Norway
Tagged energy company, Equinor, gas sales agreement, Helge Haugane, OMV, Trading Hub Europe
(IN BRIEF) BioNTech and the Coalition for Epidemic Preparedness Innovations (CEPI) have entered into a strategic partnership to develop an mRNA-based vaccine, BNT166, for the prevention of mpox (formerly monkeypox), an infectious disease that can have severe and life-threatening complications. … Read the full press release
Posted in Business, Financial, Germany, Government, Healthcare, Industrial, Investment, Management, News, Norway, Pharma & Biotech, Science
Tagged BioNTech, BNT166, CEPI, mpox Prevention, mRNA-Based Vaccine, partnership, Prof. Ugur Sahin, Richard Hatchett, sustainability
(IN BRIEF) The Johan Castberg partnership, consisting of Equinor, Vår Energi, and Petoro, has announced an upward revision of the project’s cost estimate, with an increase of nearly NOK 13 billion compared to the previous year. Despite these cost escalations, … Read the full press release
(IN BRIEF) DNV has awarded Approval in Principle (AIP) to HD Korea Shipbuilding & Offshore Engineering (HD KSOE) and its subsidiaries, HD Hyundai Heavy Industry (HD HHI) and Hyundai Mipo Dockyard (HMD), for their groundbreaking hydrogen system. HD KSOE aims … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged DNV, Dr. Sungjun Kim, HD HHI, HD KSOE, HMD, Hydrogen Transport System, innovative, Lars Blum, Maria Gonzalez-Perez, partnership, Samuel Zouaghi, sustainability, Vidar Dolonen
(IN BRIEF) Equinor, in collaboration with KUFPEC Norway, has submitted a plan for the development and operation (PDO) of the Eirin gas field, set to deliver a significant supply of natural gas to Europe. With recoverable reserves of approximately 27.6 … Read the full press release
(IN BRIEF) Veracity, the independent cloud platform by DNV, has expanded its integrated partner network to help shipping companies and charterers meet their emissions data verification and reporting requirements. With the inclusion of more partners, Veracity provides access to verified … Read the full press release
(IN BRIEF) Eurojust, the EU’s judicial cooperation agency, welcomes two new Liaison Prosecutors. For the first time, Moldova has stationed a prosecutor at Eurojust’s headquarters in The Hague to strengthen cooperation on cross-border crime cases. The new Liaison Prosecutor for … Read the full press release
(IN BRIEF) DNV has acquired ANB Systems, a Houston-based software as a service (SaaS) company specializing in energy program services for utility and regulatory body customers. The move is part of DNV’s commitment to supporting the energy transition by enhancing … Read the full press release
(IN BRIEF) The shipping industry faces challenges in meeting 2030 maritime emission targets due to competition for greener fuels. DNV’s Maritime Forecast to 2050 report highlights that securing a sufficient supply of carbon-neutral fuels will be difficult. The industry must … Read the full press release
(IN BRIEF) At Gastech 2023, DNV has granted a design verification report (DVR) for the AI-based autonomous navigation system “HiNAS Control,” a joint project by Avikus and HD Hyundai Heavy Industries. Liberian International Ship and Corporate Registry (LISCR) has also … Read the full press release
Posted in Artificial Intelligence (AI), Automotive, Awards, Business, Industrial, Management, News, Norway, Technology, Transportation & Logistics
Tagged 'HiNAS Control', Alfonso Castillero, artificial intelligence (AI), augmented reality (AR), Avikus, Awards, design verification, DNV, Hyundai, Knut Ørbeck-Nilssen, Navigation System
(IN BRIEF) A DNV report highlights that trust in artificial intelligence (AI) is a crucial factor in its effective use for accelerating the energy transition. While AI is being utilized in the energy sector, companies remain cautious due to new … Read the full press release
Posted in Artificial Intelligence (AI), Business, Energy, Gas & Oil, Industrial, Management, News, Norway, Technology
Tagged artificial intelligence (AI), DNV, ENERGY, Hari Vamadevan, Shaun Reardon, transition
(IN BRIEF) DNV has awarded Hanwha Ocean an Approval in Principle (AiP) and an Approval of Service Suppliers (AOSS) for two innovations: a large-scale liquefied carbon dioxide (LCO2) carrier tank and an underwater radiated noise (URN) measurement system. The LCO2 … Read the full press release
Posted in Awards, Business, Environment, Industrial, Management, News, Norway, Transportation & Logistics
Tagged Awards, DNV, Hanwha Ocean, innovative, JongSeo Kim, LCO2 carrier, sustainability, URN Measurement, Vidar Dolonen
(IN BRIEF) DNV has signed a Memorandum of Understanding (MoU) with Pacific Carriers Limited (PCL) to collaborate on sustainable vessel designs, decarbonization strategies, and ESG initiatives. This renewed partnership focuses on environmental, social, and governance (ESG) considerations and aligns with … Read the full press release
(IN BRIEF) Equinor has acquired a 26 MW onshore wind farm in Poland, known as the Wilko wind farm, from the Helios Group. The wind farm is located in the Wielkopolska province and will be operated by Wento, Equinor’s subsidiary … Read the full press release
(IN BRIEF) DNV has initiated a joint industry project (JIP) to advance maintenance practices in the Solar PV industry, with a focus on predictive maintenance. As the Solar PV sector anticipates significant growth, DNV aims to enhance maintenance processes by … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, News, Norway
Tagged DNV, Juan Carlos Arévalo, Lars Landberg, maintenance, partnership, Solar PV, sustainability
(IN BRIEF) Hydro, a leading aluminium producer, is taking significant steps to enhance energy efficiency across its five aluminium smelters in Norway. The measures will lead to a reduction in electricity consumption, starting with the installation of LED lights and … Read the full press release
(IN BRIEF) Hydro’s aluminum plant in Sunndal, Norway, aims to replace fossil fuels with local biomethane resources to cut emissions in the production process. The initiative is expected to reduce CO2 emissions by 20,000 tonnes annually, contributing to Hydro’s goal … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Infrastructure & Utilities, Management, Metals and Minerals, News, Norway
Tagged aluminium plant, biomethane, emissions, Havila, Hydro, Norway, Ola Sæter, partnership, Sunndal, sustainability
(IN BRIEF) DNV has secured a contract to provide quality assurance, quality control, and technical support to Intercontinental Wind Energy Co., Ltd. (IWE) in Taiwan. This collaboration aims to assist IWE in becoming a Tier-1 supplier for offshore wind projects … Read the full press release
(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
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