OSLO, NORWAY: In order to strengthen the balance sheet, Ocean Yield ASA has entered into an agreement with Aker Capital AS, whereby Aker will acquire from Ocean Yield 50% of 7 tankers with long-term charters. The Joint Venture (JV) will own four LR2 product tankers with long-term charter to the Navig8 Group and three suezmax…
Category: Oslo Bourse
Corporate News, Oslo Bourse, M&A, Investment
AF Gruppen gets SEK198mn rental apartments building contract in Malmö
OSLO: Betonmast, a subsidiary of AF Gruppen, has signed a contract with MKB (Malmös kommunala bostadsbolagom) to build 142 rental apartments in Malmö. This turnkey contract is valued at approximately SEK 198 million, excluding VAT. Three buildings between four and nine floors, will be built. The total gross area will be around 13,500 square metres….
TGS announces completion of Santos Basin Multi-Client 3D Survey
ASKER: TGS-NOPEC Geophysical Company ASA, a leading provider of multi-client geosciences data for exploration & production (E&P) companies, announced the completion of an additional phase of the Santos Basin 3D Multi-Client seismic survey in Brazil. The survey is located south of the high-profile discoveries in the Santos Basin and the recent sought-after blocks offered in…
Quantafuel signs plastic recycling contract with Grønt Punkt Norge
OSLO: Quantafuel AS has signed a contract with Grønt Punkt Norge for up to 10,000 tons of waste plastic. The waste plastic will be chemically recycled at Quantafuel’s plant in Skive, Denmark, and further processed into new plastic materials by the chemical industry leader BASF. The Norwegian Environment Agency (Miljødirektoratet) has confirmed that the Quantafuel…
Kvaerner awarded NOK 1 billion contract for HOD field by Aker BP
OSLO: Aker BP has awarded Kvaerner AS the contract for delivering the topside and steel substructure for the normally unmanned wellhead platform at the Hod field. The contract is an important part of Kvaerner’s strategy to be the leading supplier of cost efficient, unmanned platforms. The contract has a value of approximately NOK 1 billion…
Gaming Innovation Group signs platform agreement with GS Technologies Limited
OSLO: Gaming Innovation Group Inc. (GiG) has signed a long-term agreement with GS Technologies Limited for the provision of GiG’s platform and front-end development to a new casino brand with its own license from Maltese Gaming Authority. The agreement is based on the new fixed fee model and has a duration of minimum three years…
Veidekke to build Stockholm’s first massive-wood residential block for Folkhem
OSLO: Veidekke’s Swedish building construction unit has been commissioned by Folkhem to build the first stage of Cederhusen, which will be Sweden’s largest massive-wood residential block. Folkhem is partially owned by Veidekke Eiendom. “Cederhusen has met with great interest in the residential market, confirming the uniqueness of this project in both a national and an…
Nel receives purchase orders for three additional hydrogen fueling stations in Korea
OSLO: Nel Korea Co., Ltd., a subsidiary of Nel ASA, has received a purchase order from Hydrogen Energy Network Co., Ltd. (HyNet) for three additional H2Station hydrogen fueling stations in Korea. “We are happy to receive the purchase orders for three additional hydrogen fueling stations. It is another milestone after we went operational with our…
Vow ASA get contract for waste sorting robotics
OSLO: Vow ASA has, through its subsidiary ETIA, been awarded a milestone contract for waste sorting robotics based on artificial intelligence (AI). A contract has been signed with one of the largest recycling companies for ferrous and non-ferrous metals in Europe on an application to sort out copper parts in ferrous waste streams. This first…
Zwipe steps up collaboration with Toppan Forms Card Technologies Limited
OSLO: Zwipe announced a new milestone in its ongoing collaboration with Toppan Forms Card Technologies Limited (TFCT), a leading smart card manufacturer based in Hong Kong. TFCT has placed an order that brings the recently announced partnership to begin small scale manufacturing of biometric payment cards. “We have allocated time and space in our manufacturing…
SpectrumOne applies for trademark protection in the EU
OSLO, NORWAY: SpectrumOne AB has today applied for trademark protection in the EU. The company has several ongoing dialogues with partners operating at European level. Hosni Teque-Omeirat, CEO of SpectrumOne saud, “This is an important step in showing our partners in existing dialogues our ambition and drive to drive our cooperation internationally. In our partner…
Aega to acquire 1.0 MWp solar plant in Sardinia
OSLO: Aega ASA has through a wholly-owned subsidiary signed a preliminary agreement to acquire a 1 MWp solar plant in Sardinia. The parties expect to sign the final acquisition agreement before July 31st. The target, Villapiana Fotovoltaico S.r.l. has an agreed enterprise value of MEUR 1.9. Aega plans to fund the acquisition with cash. An…