LUXEMBOURG: Subsea 7 S.A. announced the award of a substantial contract by Cabinda Gulf Oil Company Limited (CABGOC). Subsea 7 defines a substantial contract as being between USD 150 million and USD 300 million The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform…
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Hexagon Purus to supply high-pressure hydrogen tanks to New Flyer
OSLO: Hexagon Purus has entered into an agreement with North America’s largest mass mobility solutions provider, New Flyer of America Inc. and New Flyer Canada ULC (collectively New Flyer) for the supply of high-pressure hydrogen tanks. These tanks are destined for New Flyer’s groundbreaking zero-emission Xcelsior CHARGE H2(TM) hydrogen fuel cell electric transit buses in…
Everfuel engages SpareBank 1 for NOK 600 million private placement of new shares
HERNING: Everfuel A/S has engaged SpareBank 1 Markets AS to advise on and carry out a private placement of new shares in the Company raising gross proceeds to the Company of up to NOK 600 million. Everfuel is experiencing strong momentum when executing its strategy of making green hydrogen for zero emission mobility commercially available…
Self Storage Group announces NOK 250 million self-storage facility acquisition in Norway
OSLO: Self Storage Group (SSG) has entered into an agreement with Berg-Jacobsen Holding AS to acquire 100% of the shares in Adamstuen Garasjer AS. The transaction has a value of NOK 250 million and is expected to be closed during the first quarter of 2021. The acquisition is financed with a new bank loan from…
Nel ASA to produce green hydrogen at $1.5/kg to outcompete fossil alternatives
OSLO: Nel ASA outlines the target of producing green hydrogen at USD 1.5 per kilo by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long -term are crucial components in ensuring that Nel…
Grieg Seafood enters JV for post-smolt and land-based salmon farming
OSLO: Grieg Seafood has entered into joint venture for post-smolt and land-based salmon farming, a news release said. The joint venture Årdal Aqua will produce at least 3 000 tonnes of post-smolt annually and grow fish all the way to harvest size in a new land-based facility in Rogaland in Southern Norway. Grieg Seafood owns…
Everfuel signs green hydrogen distribution contract with Ørsted
HERNING: Everfuel A/S has signed a contract with Ørsted for the offtake and distribution of green hydrogen to zero emission mobility, produced at the H2RES demonstration project on Avedøre Holme in Copenhagen, Denmark. The contract was signed as Ørsted announced its final investment decision for the H2RES project’s electrolyser facility, which will be the company’s…
DNO ASA receives 10 licenses in Norway’s APA Licensing Round
OSLO: DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 10 exploration licenses, of which 4 are operatorships, under Norway’s Awards in Predefined Areas (APA) 2020 licensing round. Of the 10 new licenses, six are in the North Sea and four in…
Aker BP awarded 10 licenses in APA 2020
OSLO: Aker BP has been offered interests in 10 new production licenses in Norway, of which 8 as operator, through the Awards in pre-defined areas (APA 2020) licensing round. Of the 10 production licenses awarded to Aker BP, 7 are located in the North Sea (all as operator) and 3 in the Norwegian Sea (1…
OKEA ASA portfolio expands through six licence awards in APA 2020
TRONDHEIM, NORWAY: OKEA ASA has been awarded six new production licences on the Norwegian Continental Shelf by the Ministry of Petroleum and Energy under the Award in Pre-Defined Areas (APA) for 2020. The awarded licences include exploration and field development opportunities near the important Draugen and Gjøa production hubs as well as other new areas.…
Petrolia NOCO awarded licenses in APA 2020
LIMASSOL: Petrolia NOCO (49.9% owned by Petrolia SE) was awarded three licenses today by the Norwegian Ministry of Petroleum and Energy. The licenses (PL 1106 20%, PL 1107 30%) are located in the northern North Sea and one operated license (PL 1013 B 60%) in the Norwegian Sea. The addition of these licenses to Petrolia…
Aker Horizons acquires 75% stake in Mainstream Renewable Power for EUR 900 million
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS has agreed to acquire 75 percent of Mainstream Renewable Power, a leading independent renewable energy company within onshore and offshore wind and solar. The Transaction values the current equity of Mainstream at EUR 900 million on a 100 percent basis and gives Aker…