OSLO, NORWAY: KMC Properties ASA, a real estate company focusing on industrial and logistic properties, today announced the signing of a Letter of Intent (LOI) with Slakteriet Holding AS to build a new salmon slaughterhouse facility at Florø, in the Vestland county on the Norwegian western coast. The investment is estimated at NOK 620 million….
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Aegon completes share buyback program
AMSTERDAM: Aegon has completed the share buyback program to neutralize the dilutive effect of the 2020 final dividend paid in shares and certain share-based variable compensation plans for senior management, as announced on July 7, 2021. The repurchased shares will be held as treasury shares and will either be used to cover future dividends to…
TotalEnergies to introduce a 100% renewable fuel
PARIS, FRANCE: TotalEnergies is developing a 100% renewable fuel for motorsport competition, to be introduced from next season at the FIA World Endurance Championship (WEC), including the 24 Hours of Le Mans 2022, and at the European Le Mans Series (ELMS). Competition is a key driver for innovation: the extreme constraints met in endurance racing –race duration…
Orano signs Eur 1.0bn German nuclear waste contracts
PARIS, FRANCE: German utility companies PreussenElektra, RWE, ENBW and Vattenfall have signed a set of contracts with Orano for a total amount in excess of 1 billion euros, for the return of all the German nuclear waste still stored at the Orano la Hague plant. Discussions on the contractual terms and conditions of these contracts…
Lars H. Barstad appointed CEO of Frontline Management
HAMILTON, BERMUDA: The Board of Frontline Ltd. announced the appointment of Mr. Lars H. Barstad as the Chief Executive Officer (CEO) of Frontline Management AS with effect from 1st September 2021. Mr. Barstad currently serves as the Interim Chief Executive Officer of Frontline Management AS. Prior to that he held the role as Frontline’s Commercial…
Per Ivar Berg appointed MD at Norske Skog Saugbrugs
OSLO, NORWAY: Per Ivar Berg (58) has been appointed new Managing Director at Norske Skog Saugbrugs AS from February 1, 2022. He has extensive experience from a number of positions in the pulp and paper industry, in addition to food industry. Until recently, he was the Executive Vice President at TINE with responsibility for production,…
Everfuel and ASKO plan cooperation in Norway
HERNING, DENMARK: Everfuel A/S and ASKO AS have signed a letter of Intent (LoI) for developing a joint coordinated plan for applying Enova for support to vehicle procurement and the establishment of green hydrogen infrastructure for decarbonizing heavy-duty long-haul trucking in Norway. ASKO is Norway’s largest grocery and catering wholesaler with an extensive domestic network…
Japan grants Lleida.net a new patent
MADRID: The Japan Patent Office (JPO) has awarded Lleida.net a new patent, this time for its method for the certification of electronic mail containing a recognized electronic signature on the part or a telecommunications operator. This is the 206th patent obtained by the company, whose inventions have been recognized by the authorities of more than…
Melissa Mulholland appointed Crayon Group’s new CEO
OSLO, NORWAY: The board of directors of Crayon Group Holding ASA, the digital transformation experts, has today resolved to appoint Melissa Mulholland as the Group’s new CEO. Melissa was appointed as the Group’s Interim CEO on 15 March 2021. Mulholland previously worked for Microsoft where she led global strategy and business development. She joined Crayon…
Hexagon Agility receives orders for gas trucks
OSLO, NORWAY: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in June 2020 with a global logistics customer to deliver renewable natural gas (RNG) and compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. Hexagon Agility received its eighth set of orders in 2021 under this agreement, which represent…
Axactor SE receives public credit ratings
OSLO, NORWAY: Axactor SE have been assigned a public credit rating of B1 (Positive outlook) and B (Stable outlook) from Moody’s and S&P. Moody’s Investor Service have today announced the issuance of a corporate family rating of “B1” with positive outlook to Axactor. Simultaneously, S&P Global Ratings (S&P) have assigned a “B” long-term issuer credit…
Odfjell SE sells two 9,000 CBM Ethylene carriers
OSLO, NORWAY: Odfjell Gas Shipowning AS, a subsidiary 100% owned by Odfjell SE, entered into a transaction agreement with BW Epic Kosan Ltd. (BWEK) for the sale of two LPG/Ethylene carriers, Bow Guardian and Bow Gallant, both built in Korea in 2008. These two vessels have the capability to carry gases such as LPG, propylene,…