(IN BRIEF) The European Commission has signed a Grant Agreement for the STORE (Shared daTabase for Optronics image Recognition and Evaluation) research project, led by Thales and funded by the European Defence Fund (EDF). Involving a consortium of 20 partners … Read the full press release
Posted in Artificial Intelligence (AI), Business, Defence, European Union, Financial, France, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology
Tagged AI Project, Benoît Plantier, EU Commission, Land Forces, Norway, Optronic Systems, partnership, STORE (Shared daTabase for Optronics image Recognition and Evaluation), Thales
(IN BRIEF) ORLEN Group continues its commitment to sustainability with the electrification of the Sleipner field in the North Sea, connecting it to clean energy generated onshore. This initiative will result in the prevention of 160,000 tonnes of carbon dioxide … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged carbon emissions, Norway, ORLEN Group, partnership, Sleipner Field, sustainability
(IN BRIEF) ANDRITZ, an international technology group, has acquired a 13.8% stake in HydrogenPro, a Norwegian company specializing in pressurized alkaline electrolyzers for green hydrogen production. This acquisition builds upon the strategic partnership established between the two companies in the … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, Investment, News, Norway, Technology
Tagged acquisition, Andritz, HydrogenPro, Joachim Schönbeck, Norway, partnership, sustainability
(IN BRIEF) Borealis and AKVA Group have collaborated to introduce a groundbreaking innovation in sustainable aquaculture: the world’s first workboat hull crafted from renewable plastic. Utilizing Borealis’ Bornewables™ range of renewable polyolefins, AKVA Group’s iconic Polarcirkel series now boasts a … Read the full press release
Posted in Austria, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, News, Norway, Transportation & Logistics
Tagged AKVA Group, aquaculture, Borealis, Freddy Bakken Braseth, John Webster, Norway, partnership, Renewable Plastic Workboat Hull, sustainability
(IN BRIEF) Norwegian People’s Aid, in collaboration with Telia, is piloting the use of portable mobile base stations to extend cellular coverage in areas lacking network infrastructure. This initiative aims to enhance communication capabilities during critical search and rescue missions, … Read the full press release
Posted in Business, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Non Profit, Norway, Technology, Telecom
Tagged Henning Huuse, humanitarian, Jon Christian Hillestad, Kristoffer Christiansen, Norway, Norwegian People’s Aid, partnership, Portable Mobile Base Stations, Search and Rescue Missions, sustainability, Telia
(IN BRIEF) Gasum, a leading Nordic energy company, and the Norwegian Road Transport Association (NLF) have joined forces to promote the use of biogas as a key component of Norway’s green energy transition. The collaboration aims to raise awareness about … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Transportation & Logistics
Tagged biogas, fossil diesel, Gasum, Jogeir Munkeby, Kjell Olafsrud, Norway, Norwegian Road Transport Association (NLF), partnership, Rune Amundsen, sustainability, Transportation Industry
(IN BRIEF) The Norwegian Directorate for Civil Protection has approved the construction of an ammonia bunkering facility at Fjord Base in Florø, Norway, marking a pivotal moment in the push for low-emission shipping fuels. Yara Clean Ammonia, Azane, and Fjord … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Ammonia Bunkering Facility, Azane, Fjord Base, low-emission, Magnus Ankarstrand, Norway, partnership, shipping, Steinar Kostøl, Stig Førde, sustainability, Yara
(IN BRIEF) Nordic Investment Bank (NIB) has signed a 7-year loan agreement to support ferry and express boat operator Norled AS in its investments towards zero and low carbon vessels and associated land-based infrastructure in Norway from 2024 to 2030. … Read the full press release
Posted in Banks, Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Transportation & Logistics
Tagged Harald Rokke, Maritime Transition, NIB, Norled AS, Norway, partnership, sustainability
(IN BRIEF) MacGregor, a part of Cargotec, has clinched a significant order to supply three cranes for installation on a cutting-edge cable layer from global shipbuilder VARD. The contract encompasses a 100-tonne active heave-compensated (AHC) crane, a 20-tonne offshore crane, … Read the full press release
Posted in Business, Environment, Finland, Government, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Cable Layer, Cargotec, crane, MacGregor, Norway, partnership, Pasi Lehtonen, Vard
(IN BRIEF) Stora Enso’s innovative Harvesting Partner concept, aimed at fostering entrepreneurship and skillful operators in the forest industry, has expanded across Sweden, Finland, Norway, and Lithuania since its launch in November 2022. In collaboration with SEB, Stora Enso has … Read the full press release
Posted in Banks, Business, Construction, Electronics & Machinery, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Lithuania, Management, News, Norway, Sweden, Technology
Tagged entrepreneurs, Financing Model, Finland, Forest Industry, innovative, Jakob Hansson, Lithuania, Mattias Bränngård, Norway, partnership, SEB, Stora Enso, sustainability, Sweden
(IN BRIEF) Hydro Rein, Hydro’s renewable growth venture, has struck a deal with Swedish renewable energy developer IOWN Energy to acquire an 80 percent stake in a 2.4 GW portfolio of wind power projects in Sweden and Norway. The partnership … Read the full press release
(IN BRIEF) Fortum Battery Recycling and Hydrovolt, two prominent players in sustainable battery recycling, have formed a strategic alliance to drive the Nordic battery industry forward. Hydrovolt will supply black mass generated from EV battery recycling to Fortum’s plant in … Read the full press release
Posted in Energy, Gas & Oil, Environment, Finland, Industrial, Norway, Technology
Tagged Battery material recycling, Battery recycling, black mass, electric vehicle, EV batteries, Fortum, Fortum Battery Recycling, Fredrikstad, Harjavalta, hydrometallurgical, Hydrovolt, lithium-ion batteries, lithium-ion battery recycling, lithium-ion battery value chain, Nordic battery recycler, Norway, Ole-Christen Enger, Tero Holländer
(IN BRIEF) Skanska, in partnership with Obos, announces a NOK 1.1 billion investment in a new residential block in Fornebu, Norway, with Skanska’s share amounting to NOK 555 million. The construction contract, valued at NOK 533 million, will be executed … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Fornebu, Norway, OBOS, partnership, Residential Block, Skanska, sustainability
(IN BRIEF) Airbus, Avinor, SAS, Swedavia, and Vattenfall have signed a Memorandum of Understanding to investigate the feasibility of establishing a hydrogen infrastructure at airports in Sweden and Norway. The collaboration aims to understand hydrogen aircraft concepts, operations, supply, infrastructure, … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged Airbus, Anna Borg, Avinor, Guillaume Faury, Hydrogen-Powered Airports, Nordic Aviation, Norway, partnership, SAS, sustainability, Swedavia, Sweden, Vattenfall
(IN BRIEF) In a significant development, the European Commission has signed an amendment to the InvestEU guarantee with the Nordic Investment Bank (NIB), making NIB the implementing partner for Norway and Iceland. This expansion broadens NIB’s lending capacity under the … Read the full press release
Posted in Banks, Business, European Union, Financial, Finland, Iceland, Industrial, Investment, Management, News, Norway
Tagged André Küüsvek, Denmark, Estonia, Finland, Iceland, InvestEU, Latvia, Lending Capacity, Lithuania, NIB, Norway, partnership, Poland, sustainability, Sweden
(IN BRIEF) PGNiG Upstream Norway AS (PUN), a subsidiary of the ORLEN Group, has secured ten new license areas for exploration on the Norwegian Continental Shelf through the Awards in Predefined Areas (APA) for 2023. PUN will act as the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, License Portfolio, Norway, Norwegian Continental Shelf, ORLEN, partnership, PGNiG, Poland, sustainability
(IN BRIEF) Skanska has secured a contract worth NOK 673 million (approximately SEK 660 million) from DNB Livsforsikring AS, via its subsidiary Trondheim Torg AS, for the renovation and expansion of an existing commercial office building in Trondheim, Norway. This … Read the full press release
Posted in Business, Construction, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Real Estate, Sweden
Tagged DNB Livsforsikring, Norway, office building, partnership, Skanska, sustainabilty, Trondheim
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a €150 million sovereign-backed loan to Ukraine’s electricity transmission company, Ukrenergo, as part of a comprehensive effort to support Ukraine’s energy security amidst the ongoing conflict with Russia. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Norway, Ukraine, United Kingdom
Tagged conflict, Denys Shmygal, EBRD, ENERGY, Italy, Norway, Odile Renaud-Basso, partnership, sustainability, UKRAINE, Ukrenergo, Volodymyr Kudrytskyi
(IN BRIEF) Elkem, a global leader in advanced materials based on silicon, is embarking on a digitalization initiative at its Bremanger plant in Norway. The company aims to improve production quality, safety, and efficiency by centralizing control rooms and production … Read the full press release
(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
Posted in Business, Chemicals, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, News, Norway, Transportation & Logistics
Tagged Bente Hetland, clean ammonia, container ship, Emission-Free Shipping, Germany, Magnus Krogh Ankarstrand, North Sea Container Line, Norway, partnership, sustainability, Svein Tore Holsether, Yara Clean Ammonia, Yara Eyde, Yara International
(IN BRIEF) Judicial and law enforcement agencies from seven countries have joined forces to take action against a criminal network responsible for a series of damaging ransomware attacks worldwide. These attacks have affected over 1,800 victims in 71 countries, primarily … Read the full press release
Posted in Business, Defence, Government, Industrial, Internet & Online, Law, Management, Netherlands, News, Security & Safety, Technology
Tagged Cybercrime, cybercriminals, EUROPOL, France, Germany, Global Authorities, Judicial, law enforcement agencies, Netherlands, Norway, partnership, Ransomware Network, Switzerland, UKRAINE, USA, Widespread Attacks Eurojust
(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
Posted in Business, Industrial, Metals and Minerals, Norway
Tagged Aluminium Smelters, carbon anodes, Eivind Kallevik, Hydro, Norway, Oman, Sanvira Tech LLC
(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
Posted in Business, Construction, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Sweden
Tagged E6 Highway, Norway, partnership, Skanska, sustainability, Syltern
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €200 million loan to Ukraine’s state-owned gas entity, Naftogaz (NAK), to support the establishment of strategic gas reserves during the second winter heating season since the Russian … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Ukraine, United Kingdom
Tagged Denys Shmygal, EBRD, energy security, Espen Barth Eide, Gas Reserves, Matteo Patrone, Naftogaz, Norway, Odile Renaud-Basso, Oleksiy Chernyshov, partnership, sustainability, the Netherlands, UKRAINE
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Poland
Tagged acquisition, Daniel Obajtek, KUFPEC Norway, natural gas, Norway, ORLEN Group, partnership, PGNiG, Poland, sustainability
(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
Posted in Artificial Intelligence (AI), Business, Education, Financial, Government, Healthcare, Industrial, Investment, Management, Netherlands, News, Norway, Science, Technology
Tagged AI platform, Bone Fracture, Cecilie B. Løken, healthcare system, Martijn Hartjes, Norway, partnership, Philips, Philips AI Manager, Vestre Viken Health Trust
(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
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Norway
Tagged Germany, Hybrid Interconnector, North Sea, Norway, partnership, Statnett, sustainability, Tennet, Tim Meyerjürgens, wind energy
(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
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Retail, Technology, Transportation & Logistics
Tagged Birna Odefors, ECO Delivery Ocean, Europris, Greenhouse Gas Reductions, Maersk, Norway, Pål-Christian Andersen, partnership, Seaborne Logistics, sustainability
(IN BRIEF) Siemens has implemented its advanced software solutions, LV Insights® X and Spectrum PowerTM 7 ADMS, for Norwegian distribution system operator (DSO) Elvia to enhance its distribution grid management. The LV Insights® X software allows Elvia to create a … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged Elvia, Erik Jansen, grid management, LV Insights® X, Norway, partnership, Sabine Erlinghagen, Siemens, software, Spectrum PowerTM 7 ADMS, sustainability
(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
(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
Posted in Automotive, Business, Environment, Financial, Industrial, Investment, Management, Metals and Minerals, News, Norway, Sweden
Tagged acquisition, Continental, Norway, partnership, sustainability, Sweden, Vertech AB
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Norway
Tagged Andree Stracke, energy security, Equinor, Germany, Helge Haugane, Natural Gas Supply, Norway, partnership, RWE, sustainability, transition
(IN BRIEF) TenneT, a leading offshore transmission system operator in Europe, has achieved a significant milestone in the DolWin5 grid connection project. The 900 MW offshore platform, DolWin epsilon, left Seatrium Limited’s shipyard in Singapore and is en route to … Read the full press release
(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) 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) The ORLEN Group is strengthening its presence in Norway and preparing to launch production from the Tommeliten Alpha field, which will yield an additional 0.5 billion cubic meters of natural gas annually. This is part of a series … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Poland
Tagged Daniel Obajtek, energy security, Norway, ORLEN Group, partnership, Poland, sustainability, Tommeliten Alpha
(IN BRIEF) Rheinmetall has delivered Norway’s first Rheinmetall Mission Master XT, an unmanned ground vehicle (UGV) designed for extreme terrains and sub-zero temperatures. The contract was awarded by the Norwegian Defence Research Establishment following a competitive bid that emphasized challenging … Read the full press release
Posted in Automotive, Business, Defence, Germany, Industrial, Management, News, Transportation & Logistics
Tagged Alain Tremblay, Extreme-Terrain, Harsh Environments, Mission Master XT, Norway, Rheinmetall, ugv
(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) 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) Skanska has entered into an agreement with the Municipality of Bergen in Norway to construct the Midtbygda care home. The contract is valued at approximately NOK 548 million (about SEK 550 million) and will be part of Skanska’s … Read the full press release
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
