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GreenH secures investment for three green hydrogen plants in Norway
GreenH launches construction of three green hydrogen projects in Bodø, Kristiansund and Slagentangen, backed by NOK391mn ($35.86mn) in public funding, aiming to strengthen decarbonised maritime supply along Norway’s coast.
Nel ASA to supply over 20 MW of electrolysers for two GreenH projects in Norway
Nel ASA becomes technology provider for the Enova-supported hydrogen sites in Kristiansund and Slagentangen, with a combined minimum capacity of 20 MW.

Uniper shuts down Karlshamn-2 after failure of Swedish winter backup scheme

The shutdown of Karlshamn-2 removes 335 MW of heavy fuel oil capacity from southern Sweden, exposing the limits of a strategic reserve model approved but inoperative, and increasing pressure on winter supply security.
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RWE completes Nordseecluster A foundations ahead of maintenance operations
RWE has finalised installation of all 44 foundations at the Nordseecluster A offshore site in the North Sea, a key milestone before planned maintenance activities leading up to 2027 on this 660-megawatt project.
INNIO and KMW build 54 MW gas-fired power plant to secure data centres
INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.

Nel ASA secures over $50mn PEM order for two hydrogen projects in Norway

Norwegian group Nel ASA has received a firm order worth over $50mn to supply its PEM electrolysers for two green hydrogen production units in Florø and Eigersund.
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Aker Solutions secures five-year contract with ExxonMobil Canada for Hebron platform
Aker Solutions has secured a five-year brownfield maintenance contract extension with ExxonMobil Canada, reinforcing its presence on the East Coast and workforce in Newfoundland and Labrador.
TGS signs three-year strategic agreement with Chevron for offshore seismic acquisition
Norwegian provider TGS will mobilise its marine seismic resources for at least 18 months for Chevron under a three-year capacity agreement covering exploration and development projects.

DNO strengthens position in Verdande through asset swap with Aker BP

Norwegian firm DNO increases its stake in the developing Verdande field by offloading non-core assets to Aker BP in a cash-free transaction.
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Norway: Rejection of Wind Farm Project in Protected Sami Area
Norway's energy regulator has rejected an application to build a wind farm in the northern Finnmark region due to potential environmental impacts and threats to Indigenous Sami culture.
Cameroon seeks up to $177 mn to secure Nachtigal project
Cameroon’s Ministry of Finance is negotiating a bank credit to guarantee payments owed to NHPC, as Éneo’s financial situation jeopardises the Nachtigal hydropower plant.

Cameroon plans ten new 25 MW hydropower plants by 2030

The Cameroonian government plans to build ten low-capacity hydropower plants over the next five years as part of a national programme to strengthen energy infrastructure across the country.
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Scatec cuts debt by 27% and reaches record 3,392 MW in projects
Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.
Norwegian fund generates €88 billion in gains through financial markets
Norway's sovereign wealth fund generated a €88 billion profit in the third quarter, largely driven by equity market performances in commodities, telecommunications, and finance.

Equinor posts adjusted operating income of USD 6.21bn in Q3 2025

Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.
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Iberdrola installs its first offshore HVDC station in the United Kingdom
Iberdrola has installed the high-voltage direct current converter station for its East Anglia THREE wind farm, marking a key milestone in a €5 billion project.
Norway prevails at ECHR over offshore oil licensing dispute
The European Court of Human Rights ruled that Norway’s deferral of a climate impact assessment did not breach procedural safeguards under the Convention, upholding the country’s 2016 oil licensing decisions.

Noble posts $21mn loss but secures $740mn in new contracts

Noble Corporation reported a net loss in the third quarter of 2025 while strengthening its order backlog to $7.0bn through several major contracts, amid a transitioning offshore market.
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Carbon removal investments hit $1 billion despite high operating costs
The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.
Cameroon to exempt biofuel equipment from customs duties starting 2026 to boost the sector
Cameroon will adopt a customs exemption on industrial equipment related to biofuels starting in 2026, as part of its new energy strategy aimed at regulating a still underdeveloped sector.
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United States adds 11.7 GW of renewable capacity in Q3 despite uncertainty
Framatome to upgrade critical systems at Columbia nuclear power plant
Plug Power signs with Hy2gen for 5MW electrolyser in France
France and China prepare climate task force to secure nuclear and cleantech
Mitsubishi HC Capital Energy and Ecokaku to build 10 MW of non-FIT solar per year
SBM Offshore reports 27% revenue growth in the first quarter of 2025
SBM Offshore posted quarterly revenue of $1,103mn, driven by the Turnkey segment, while maintaining full-year targets and advancing the deployment of its floating units scheduled for 2025.
Shell reports over $28bn in payments to governments in 2024
Shell paid $28.1bn to governments in 2024 for its extractive activities, with major flows reported in Nigeria, Malaysia and Oman, according to its regulatory disclosure in the United Kingdom.

Hystar signs second contract in South Korea with Sunbo Unitech

Hystar has signed a new agreement with Sunbo Unitech to supply PEM electrolyser stacks for a green hydrogen project in Boryeong, South Korea, marking its second contract in this strategic market.
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Konexa, Norfund and CFM invest $3.6mn in solar energy in Nigeria
Konexa, Norfund and Climate Fund Managers will invest $3.6mn to develop a 50MW solar plant and expand industrial power grids in Nigeria.
Aker ASA restructures its assets with two mergers and a $57.9mn acquisition
Aker ASA merges Aker Horizons and acquires a stake in SLB Capturi, consolidating its portfolio while preparing for a significant dividend distribution.

Aker acquires 20% stake in SLB Capturi and initiates liquidation of Aker Carbon Capture

Aker takes over Aker Carbon Capture’s stake in SLB Capturi for NOK635mn, ahead of a NOK1.7bn distribution and company dissolution.
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Statkraft ends new green hydrogen projects in Europe
Statkraft halts the development of new green hydrogen projects due to increased market uncertainty, while continuing to structure certain existing assets to attract investors.
Aker BP reaches $3.2bn in Q1 2025 revenue and confirms growth strategy
Oil company Aker BP maintained stable production and strengthened its cash position in Q1 2025 while advancing key projects and new discoveries in the Norwegian Sea.

Equinor sells its 60% stake in the Peregrino field for $3.5 billion

Norway’s Equinor sells its majority stake in Brazil’s offshore Peregrino field to PRIO for $3.5 billion, shifting focus to Bacalhau and the Raia gas project.
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Naftogaz receives €270 million from EBRD to bolster gas reserves in Ukraine
Ukraine will receive a €270 million loan from the European Bank for Reconstruction and Development, backed by a Norwegian grant, to secure gas imports over two winters.
Nel ASA secures $6 million deal with Collins Aerospace for US Navy supply
Norwegian group Nel ASA will supply PEM electrolysers to Collins Aerospace under a contract supporting oxygen systems onboard US Navy submarines.

Statkraft cancels 40 MW contract with Nel ASA amid commercial uncertainty

Nel ASA announced that Statkraft has cancelled a 40 MW order for alkaline electrolysers, resulting in a NOK120mn ($11mn) reduction in the Norwegian manufacturer’s order backlog.
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Equinor challenges the halt of its Empire Wind project in the United States
Equinor condemned the mid-April suspension of its offshore wind farm Empire Wind 1 near New York, a $2.5bn project halted by U.S. authorities, labelling the move illegal.
Oil majors intensify CCS investments amid new regulations
In response to increasingly stringent environmental regulations, the world's leading oil companies are significantly boosting their investments in carbon capture and storage (CCS) technologies, reshaping their industrial and financial strategies.

Norway: company created to develop a 1500 MWe SMR plant

Trondheimsleia Kjernekraft AS was founded to lead a nuclear plant project based on several small modular reactors in the Trøndelag region, targeting up to 1500 MWe of installed capacity.
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Norwegian sovereign wealth fund posts €35 billion loss in Q1 2025
Norway's sovereign wealth fund lost 415 billion Norwegian kroner (€35 billion) in Q1 2025, primarily due to a decline in tech stocks and currency fluctuations.
Oxford Institute: CCU Emerges as an Economic Lever in Hard-to-Decarbonize Sectors
Carbon Capture, Utilization, and Storage (CCU) technologies are gaining traction in hard-to-decarbonize industrial sectors, offering innovative and economically viable solutions. The Oxford Institute for Energy Studies report explores these new pathways.

Trump policies: renewable energy and storage sectors on alert in US markets

Donald Trump's aggressive trade policies and regulatory uncertainty in the United States are slowing investments in wind, solar, and energy storage, pushing the sector into a period of caution and market volatility.
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Mainstream sells 675 MW of wind and solar projects to Celsia in Colombia
Mainstream Renewable Power sold its entire Colombian portfolio to Celsia, marking its exit from the country to focus operations on three strategic markets.
Norway, a Strategic Reservoir for the Stability of European Energy Markets
Norway’s hydropower pumped storage capacities, amounting to 83 TWh, are increasingly being leveraged to regulate renewable energy surpluses in Europe and stabilize electricity prices.
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