OSLO: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has entered into a strategic engagement with an additional US-based global payment network scheme, a news release said. IDEX is working with this partner to actively engage with card issuers. This is the third payment network to partner with IDEX to…
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Archer Limited awarded NOK 2.5 billion integrated wireline contract for Equinor
HAMILTON, BERMUDA: Archer Limited announced that Equinor has awarded Archer Integrated Services AS, in alliance with Welltec Oilfield Services (Norway) AS and Schlumberger Norge AS, a five-year contract for the provision of integrated wireline services in the North Sea. The services offered under the contract include cased hole mechanical wireline services, tractor and powered mechanical…
Avance Gas signs two shipbuilding contracts with Daewoo Shipbuilding and Marine Engineering
OSLO: Avance Gas Holding Ltd has entered into shipbuilding contracts for two 91,000 CBM, LPG Dual-Fuel VLGCs with Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea, for delivery Q4 2022 and Q1 2023, a news release said. The investment enhances the green profile of the Avance Gas fleet, allowing the company to take another…
Aker Carbon and Hitachi Zosen collaborate on CCUS solutions for European waste to energy industry
OSLO: Aker Carbon Capture and Hitachi Zosen Inova (HZI) have signed a Memorandum of Understanding (MoU) aimed at accelerating carbon capture solutions in the waste to energy industry in Europe. The agreement outlines the two companies’ ambition to combine Aker Carbon Capture’s patented and HSE-friendly CCS technology with HZI’s proven capabilities as a turnkey supplier…
Scatec ASA receives regulatory approvals to acquire SN Power
OSLO: Reference is made to the stock exchange release on 16 October 2020 where Scatec ASA announced the acquisition of SN Power from Norfund. Scatec has now received all necessary regulatory and local competition approvals, and the company expects to close the transaction in first quarter 2021. Scatec is a leading renewable power producer, delivering…
NORBIT to broaden the ITS business with European acquisition
TRONDHEIM: NORBIT ASA is currently in advanced and exclusive negotiations regarding an add-on acquisition of an undisclosed European company to create a broader platform for growth within the ITS business segment. “This acquisition fits well into our selective M&A strategy. It also kickstarts our strategy to broaden the platform for growth in our ITS segment,…
Arcus ASA Group CEO Kenneth Hamnes has resigned
OSLO: Kenneth Hamnes has resigned from his position as Group CEO of Arcus ASA. His last day of work will be January 31, 2021 in line with the agreement made with the Arcus’ Board of Directors. Sigmund Toth, Arcus’ CFO and CFO designate for Anora Group PLC, has been appointed interim Group CEO from February…
Endúr ASA winding down loss-making offshore prefabrication workshop
OSLO: The board of directors of Endúr Industrier AS, a subsidiary of marine infrastructure group Endúr ASA, has today notified Stavanger district court about its decision to initiate bankruptcy petition for the company. Endúr Industrier AS delivers’ fabrication services to the offshore oil and gas industry. The company has been loss-making over a longer period…
Aega appoints Ingebrikt Bjørkhaug as CFO
OSLO: Aega ASA has appointed Ingebrikt Bjørkhaug as the company’s chief financial officer (CFO). “Given the extensive growth last year and future plans for Aega, it is the right time to strengthen the company’s administration. Bringing Mr. Bjørkhaug onboard will allow me to allocate even more time to value-creating business development work,” says Nils P.…
Cloudberry confirms sale of offshore wind development project in Sweden
OSLO: Cloudberry Clean Energy and Downing LLP, on behalf of its managed funds, have signed the share purchase agreement (SPA) for the construction and ownership of a 100 MW nearshore, shallow water wind farm in Lake Vänern in southern Sweden. Cloudberry Production will own 20% of the project after commissioning. Total expected sales value of…
Norwegian Air Shuttle presents plan for reconstruction, exit Irish examinership
OSLO: The Board of Directors of Norwegian Air Shuttle ASA announced an indicative plan and set of actions that creates a framework that will potentially enable the Company to exit its Irish examinership and Norwegian Reconstruction processes during the first quarter of 2021. Core to the Plan is that Norwegian will henceforth focus on its…
Axxis Geo Solutions contemplates financial restructuring, equity offering
LYSAKER: Axxis Geo Solutions ASA refers to the Company’s press release and latest quarterly report as of November 30, 2020, in which the Company states that it will have to address its debt situation and improve its balance sheet through a capital restructuring. Axxis Geo Solutions has over some time been in active dialogue with…