PARIS, FRANCE: TotalEnergies and Eni (operator) have made a significant gas discovery at the Cronos-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1 discovery made on the same Block in 2018. Located at approximately 160 km southwest of the Cyprus coast, Cronos-1 encountered several good quality carbonate reservoir intervals and confirmed overall…
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Crayon signs multimillion managed service deal with Germany-based automotive supplier
OSLO, NORWAY: Crayon Group Holding ASA (OSE: CRAYN) has signed a multimillion managed service agreement with a Germany-based, global automotive supplier. Crayon will provide software asset management, FinOps, and technology-related strategic advisory services over a three-year period. “Our DNA of optimizing software and cloud investments continues to be a key strategic priority for our customers,”…
DNO ASA buys Mondoil Enterprises from RAK Petroleum for $117.25mn
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, entered into a transaction agreement pursuant to which RAK Petroleum plc will transfer its ownership of Mondoil Enterprises LLC to DNO. The all-share transaction comprises Mondoil Enterprises’ 33.33 percent indirect interest in privately-held Foxtrot International LDC whose principal assets are operated stakes in offshore production…
Albioma acquires portfolio of photovoltaic power plants in Brazil
PARIS, FRANCE: Albioma, an independent renewable energy producer, finalised on 17 August 2022 the acquisition of a portfolio of six photovoltaic power plants in Brazil with a total installed capacity of 31.6 MWp. Under the terms of the contract signed with GreenYellow, expert in decentralized solar photovoltaic production, energy efficiency projects and energy services in…
REC Silicon and Mississippi Silicon sign MOU for solar supply chain expansion
MOSES LAKE, WASHINGTON: REC Silicon and Mississippi Silicon today announce a Memorandum of Understanding committing the companies to negotiate a raw material supply agreement and help establish a low-carbon and fully traceable U.S.-based solar supply chain. The passage of the Inflation Reduction Act which includes SEMA legislation will drive increases in the U.S. production of…
Norse Atlantic Airways celebrates inaugural flights from Berlin, announces new Berlin to Fort Lauderdale route
OSLO, NORWAY: This week Norse Atlantic Airways celebrated the inaugural flights from Berlin to New York JFK and from Berlin to Los Angeles marking a new era for customers seeking affordable transatlantic travel between Germany and the US. Additionally, Norse Atlantic announced a new route connecting Berlin to Fort Lauderdale, operating three times a week,…
Veidekke to take over Constructa Entreprenør
OSLO, NORWAY: Veidekke has signed a letter of intent to take over 100 per cent of Constructa Entreprenør AS to form a stronger Bergen construction contractor. The agreed purchase price corresponds to a company value of around NOK 200 million on a debt-free basis. In 2021 Constructa Entreprenør had revenues of NOK 726 million, an…
Slovalco shutting down primary aluminium production in Slovakia
OSLO, NORWAY: Hydro’s majority owned Slovalco aluminium facility in Slovakia has decided to close the primary aluminium production at the plant. The closure will be completed by the end of September 2022. The decision to terminate primary aluminium production at Slovalco comes in response to adverse framework conditions and high electricity prices, which show no…
Thoma Bravo has acquired Mercell Holding
SAN FRANCISCO: Thoma Bravo, a leading software investment firm, and Mercell Holding ASA announced the completion of Thoma Bravo’s acquisition of Mercell, a European provider of e-tendering and procurement systems. Mercell, founded in 1999 and headquartered in Oslo, Norway, is the European market’s leading e-tendering software for public buyers and tender notification software for public…
Scotland launches its first autonomous shuttle project with Navya
PARIS, FRANCE: NAVYA, an autonomous mobility systems leader, announced a new partnership with Inverness Campus to deploy a new project with a Navya Autonomous shuttle. Inverness Campus is hosting the first Autonomous Vehicle (AV) passenger service pilot in Scotland. The AV vehicle has arrived in the Highlands and the eagerly awaited trials are now underway…
Expereo acquires Breeze Networks, enhancing SD-WAN/SASE presence in UK
AMSTERDAM: Expereo has announced the acquisition of Breeze Networks, a managed service provider of SD-WAN/SASE technologies. The acquisition fuels Expereo’s growth trajectory, further enhancing its SD-WAN/SASE practice, building on its expanding range of services to manage SD-WAN solutions at scale to partners and multinational enterprise customers across the globe. This latest acquisition solidifies Expereo’s ambition…
Four of Elkem’s plants in Norway included in process industry strike
OSLO, NORWAY: Elkem’s plants at Salten, Rana, Thamshavn and Fiskaa have been included in the process industry strike in Norway starting on 15 August. Elkem is now working to evaluate the operational impacts for each plant. Any impacts will also be influenced by the duration of the industry strike. The industry strike is a result…