OSLO, NORWAY: Scana-owned PSW Power & Automation and Westgass Hydrogen enter a strategic collaboration aimed towards deployment of container-based hydrogen fuel cell systems for power applications. The initiative is a major step towards securing continuous investment in environmentally friendly energy production and underpins Scana’s overall ambition of accelerating the green energy transition by being a…
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BW Offshore to divest FPSO Polvo to BW Energy
OSLO, NORWAY: BW Offshore has signed an agreement for the sale of the FPSO Polvo to BW Energy for a total consideration of USD 50 million. The sale will be completed no later than July 24, 2023. BW Energy has the option to complete the transaction before that date. If the transaction is completed early,…
Eirik Fadnes appointed new CEO of Cambi ASA
ASKER, NORWAY: The Board of Directors in Cambi ASA has appointed Eirik Fadnes as the new Chief Executive Officer of the company. He will assume his role directly following the Annual General Meeting 2022. Eirik Fadnes succeeds Per Audun Lillebø, who has been proposed as Chair of the Board starting from the Annual General Meeting…
OVHcloud has acquired ForePaaS
PARIS, FRANCE: OVHcloud, the European leader in cloud computing, has acquired ForePaaS, a unified platform specializing in data analytics, machine learning, and artificial intelligence projects for businesses. The 23 employees of the ForePaaS teams as well as its founders are joining the Group’s ranks as of today, to jointly build a set of solutions that…
Hexagon Purus acquires 40% stake in Cryoshelter GmbH business
OSLO, NORWAY: Hexagon Purus, a world leading supplier of zero emission mobility solutions, has entered into an agreement to acquire 40% of Cryoshelter GmbH liquid hydrogen business. The transaction is in conjunction with Hexagon Composites’ acquisition of a 40% stake in Cryoshelter’s liquid natural gas (LNG) business. The transaction represents an attractive investment for Hexagon…
Camilla Nilsson appointed as Kyoto Group’s permanent CEO
OSLO, NORWAY: Kyoto Group AS has appointed Camilla Nilsson as permanent CEO of Kyoto, after serving as interim CEO since December 2021. She assumes the role with immediate effect. Camilla Nilsson has previously served as CFO of Kyoto from March 2021. She has extensive international industrial experience from leadership positions in large international companies as…
Philly Shipyard awarded 5th National Security Multi-Mission Vessel
OSLO, NORWAY: Philly Shipyard announced the authorization by the U.S. Department of Transportation’s Maritime Administration (MARAD) and subsequent order from TOTE Services, LLC (TOTE Services) for the construction of one additional National Security Multi-Mission Vessel (NSMV) – marking the fifth and final NSMV in the training ship series. This modern vessel will replace the aging…
VINCI Highways to acquire controlling stake in Confederation Bridge concession in Canada
NANTERRE, FRANCE: VINCI Highways has signed an agreement with OMERS Infrastructure to acquire its 65.1% stake in Strait Crossing Development Inc (SCDI), the company owning the concession contract of the Confederation Bridge until 2032, a statement noted. The Confederation Bridge (12.9 km) connects since 1997 Prince Edward Island Province and New-Brunswick, spanning over the Northumberland…
ArcelorMittal buys 80% shares in voestalpine’s Hot Briquetted Iron plant for $1.0bn
AMSTERDAM, NETHERLANDS: ArcelorMittal has signed an agreement to acquire an 80% shareholding in voestalpine’s world-class Hot Briquetted Iron (HBI) plant located in Corpus Christi, Texas. voestalpine will retain the remaining 20%. The transaction values the Corpus Christi operations at $1 billion and closing is subject to customary regulatory approvals. The state-of-the-art plant, which was opened…
Alternus Energy signs deal to acquire 228MW of Spanish solar projects
DUBLIN, IRELAND: Alternus Energy Group Plc (OSE: ALT) is set to significantly grow its presence in the Spanish solar market with the completion of definitive agreements to acquire up to 228MW across 7 solar projects from an established Spanish developer. Alternus has executed a binding purchase agreement to acquire the projects at ready-to-build (RTB) status….
Norse Atlantic Airways to sublease four of its Boeing 787 Dreamliners
OSLO, NORWAY: Norse Atlantic Airways and Spanish airline Air Europa have signed a term sheet for the sublease of four aircraft, two Boeing 787-8s and two Boeing 787-9s. The agreement will generate positive cash flow for Norse and is for a period of 18 months. “This sublease agreement with Air Europa provides a compelling opportunity…
BEWI acquires Norwegian paper packaging company, Trondhjems Eskefabrikk
OSLO, NORWAY: BEWI has signed an agreement to acquire the Norwegian paper packaging company Trondhjems Eskefabrikk AS. Trondhjems Eskefabrikk is manufacturing fibre-based packaging products, carton boxes to the food industry, which are 100 per cent recyclable. Also, a significant share of the raw material used by Trondhjems Eskefabrikk is recycled fibres. “The acquisition of Trondhjems…