Norvège

The oil and gas fishing market targets USD4.36bn by 2031, driven by offshore drilling

The expansion of the global oil and gas fishing market is accelerating on the back of offshore projects, with annual growth estimated at 5.7% according to The Insight Partners.

Aker ASA posts 24% share increase and accelerates real estate strategy in 2025

Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.

Aker Carbon Capture pays $162mn in dividends after selling its main assets

Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
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Equinor buys 2.1 mn of its own shares for $201 mn in second 2025 phase

Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.

Ørsted secures $2.75bn for Greater Changhua 2 from 25 banks and 5 export agencies

Ørsted has completed a $2.75bn project financing with 25 banks and five export credit agencies for the 632 MW Greater Changhua 2 offshore wind farm in Taiwan, strengthening its industrial partnership strategy. —

EBRD Lends €400 Million to Moldova to Secure Energy Supply

The European Bank for Reconstruction and Development lends €400 million to JSC Energocom to diversify Moldova's gas and electricity supply, historically dependent on Russian imports via Ukraine.
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BRICS Launch Their Own Climate Finance Framework and Reject CBAM

BRICS adopt a joint financial framework aimed at supporting emerging economies while criticizing European carbon border tax mechanisms, deemed discriminatory and risky for their strategic trade relations.

DNO secures USD 500 million financing linked to Norwegian gas

Norwegian group DNO ASA signs gas offtake contract with ENGIE and secures USD 500 million financing from a major US bank to guarantee future revenues from its Norwegian gas production.

TGS wins strategic offshore wind contract in Norway

Energy company TGS has won a major high-resolution geophysical imaging contract for offshore wind site characterization in Norway, strengthening its position in this rapidly growing market.
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Equinor discovers up to 15 mn barrels of oil at Johan Castberg in the Barents Sea

Equinor announces a new oil discovery estimated at between 9 and 15 mn barrels at the Johan Castberg field in the Barents Sea, strengthening the reserve potential in Norway's northern region.

China and the United States improve their energy performance in an unstable global context

While advanced economies maintain global energy leadership, China and the United States have significantly progressed in the security and sustainability of their energy systems, according to the World Economic Forum's annual report.

Globeleq launches South Africa’s largest energy storage facility

Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
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France and Norway formalize an agreement on cross-border CO₂ transport

France and Norway sign an agreement facilitating the international transport of CO₂ to offshore geological storage facilities, notably through the Northern Lights project and the CO₂ Highway Europe infrastructure.

Statkraft reduces offshore wind investments following strategic review

Statkraft refocuses investments on flexible Nordic hydropower and reduces commitments in offshore wind and hydrogen to lower operating costs, amid an uncertain economic environment and pressured profitability.

Equinor launches its first solar power plant in Denmark through subsidiary BeGreen

The Ingerslev Å solar plant, operated by BeGreen, an Equinor subsidiary, begins production in Denmark, adding a capacity of 65 MW and generating approximately 68 GWh annually for the local DK1 electricity market.
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Norway: Johan Castberg oil field reaches full capacity in three months

Three months after starting production, Norway’s Johan Castberg oil field, located in the Barents Sea, reaches its full capacity of 220,000 barrels per day, significantly increasing energy supplies to Europe.

Globeleq acquires 51% of Lunsemfwa Hydro Power in Zambia from Norfund

Globeleq acquires a majority stake in Lunsemfwa Hydro Power Company, marking its entry into the Zambian energy market with two hydropower plants and a solar project.

ORLEN Group secures €382 million for its hydrogen projects

The Polish energy group ORLEN receives a non-repayable grant of €382 million from the National Recovery Plan to finance its renewable and low-emission hydrogen production initiatives.
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Statkraft announces $292 million cuts amid European financial pressures

Norwegian group Statkraft plans an annual cost reduction of NOK2.9bn ($292 million) by 2027, citing possible job cuts amid rising financial burdens and volatility in the European energy market.

Macron presents a united European front in Greenland amid US ambitions

The French president travels to Nuuk on 15 June to support Greenlandic sovereignty, review energy projects and respond to recent US pressure, according to the Élysée.

Glencore Maintains Coal Activities Despite Pressure

Glencore decided to retain its coal activities, despite shareholder and environmental pressure, while leaving the door open to a possible demerger in the future.

Norsk Kjernekraft submits a project for a nuclear power plant in Øygarden

Norsk Kjernekraft is proposing to build a nuclear power plant at Øygarden, using small modular reactors, to support industrial electrification and secure Norway's energy supply.

BP enters final negotiations for H2Teesside blue hydrogen plant

BP and the UK government finalize funding discussions for H2Teesside, a 1.2 GW blue hydrogen power plant. The project is crucial to the UK's industrial decarbonization and energy transition.
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The Impact of Norwegian Production on Hydrocarbon Imports

A report by Wood Mackenzie reveals that replacing Norwegian hydrocarbons with imports would increase emissions by 230 million tonnes of CO2 from 2024 to 2040.

Harbour Energy advances Talbot project in the North Sea

Harbour Energy confirms the progress of its Talbot project in the North Sea, with commissioning scheduled by the end of 2024, aimed at increasing oil and gas production.

Western Insurers Continue to Cover Russian Oil

Western insurers continue to cover Russian oil shipments, despite restrictions imposed by the G7 aimed at limiting Moscow's revenues.

Western sanctions cut Russian oil exports by 10%.

Russian oil exports by non-G7 tankers fell by 10% in July as a result of Western sanctions, leading to a reduction in international deliveries.

EBRD finances two 60 MW solar power plants in Tunisia for €25 million

The European Bank for Reconstruction and Development (EBRD) supports Tunisia's energy transition by financing two 60 MW solar power plants in Tozeur and Sidi Bouzid.

Libya: Partial reduction in production at the Sharara oil field

Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).

US LNG Exports to Asia Increase in July

Increased demand in Asia-Pacific is redirecting US LNG exports, reducing deliveries to Europe.

Norwegian gas to North-West Europe: stability and maintenance to be expected

Norwegian gas exports to North-West Europe remained at a high level in July, at 10.02 billion cubic meters, despite limited maintenance work.

China and South Korea to be main customers for US LNG in July

In July, China and South Korea dominated US LNG imports, while Europe's share declined significantly.
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Scatec sells three South African solar power plants for ZAR 921 million

Scatec ASA sells part of its stake in the Kalkbult, Linde and Dreunberg solar power plants to Greenstreet 1 Proprietary Limited, a subsidiary of STANLIB Infrastructure Fund II, to finance new growth opportunities

Whitebark Energy finances its projects with Canadian oil revenues

Whitebark Energy uses revenues from Wizard Lake in Canada to fund geothermal and hydrogen initiatives in Australia, underlining a transition to renewable energies.

US election uncertainty holds back European investment

European renewable energy companies are reviewing their US projects in the face of electoral uncertainty, fearing a Donald Trump comeback.
An image of the Nordex wind turbine in operation in an American landscape.

Deployment of BWRX-300 Reactors in Europe: Initiative of 18 Companies

A group of 18 European companies, led by Orlen Synthos Green Energy, is committed to the deployment of BWRX-300 reactor technology in Europe.

EnBW relies on Norwegian green ammonia to decarbonize German industry

Germany turns to green ammonia to meet industrial decarbonization targets. EnBW has announced an agreement with the Skipavika Green Ammonia project in Norway to receive 100,000 tonnes of green ammonia per year from 2027.

Statkraft writes down assets in Europe and India as profitability declines

Statkraft announces significant asset write-downs in Europe and India, in response to high interest rates and falling electricity prices, impacting its profitability.
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Nel plans several gigawatts of electrolysis by 2025

Norwegian electrolyzer manufacturer Nel anticipates investment decisions for several gigawatts of capacity by 2025, despite economic challenges.

Octopus Energy: New Onshore Wind Projects in England

Octopus Energy announces new onshore wind projects following the lifting of the moratorium in England, boosting the renewable energy sector.