All posts by Margrethe Harboe

Yara and Enbridge plan $2.9 bln ammonia plant in Texas

Business News, Chemicals / Metals

Norwegian fertiliser maker Yara (YAR.OL) and Canadian pipeline company Enbridge (ENB.TO) plan to invest up to $2.9 billion to build a low-carbon blue ammonia production plant in Texas, they said on Friday.

Blue ammonia, rather than green ammonia derived from renewable energy, refers to ammonia produced from natural gas, with the carbon dioxide (CO2) byproduct captured and stored.

The plant, which would be Yara’s biggest, would be built at an Enbridge oil storage and export facility near Corpus Christi, with production to start around 2027-28.

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AmCham EU: Launch of The Transatlantic Economy 2023

Business News, Financial / Investment

The Transatlantic Economy 2023 presents the most up-to-date facts and figures about the economic relationship between Europe and the United States. The research was conducted independently by Daniel Hamilton and Joseph Quinlan at the Foreign Policy Institute, School of Advanced International Studies, Johns Hopkins University and the Transatlantic Leadership Network.

This edition features new insights into the impact of the war in Ukraine, international sanctions on Russia, transatlantic energy transformations, the reconfiguration of global supply chains with ‘derisking’ strategies, relations with China as well as the green and digital transitions. It also includes individual profiles for 30+ European countries, with Ukraine surveyed for the first time, and all 50 US states.This year marks the 20th edition of The Transatlantic Economy, the annual survey of transatlantic jobs, trade and investment.

Read report.

Norway to buy six Sikorsky helicopters for $1.1 bln to monitor its seas

Business News, Defense / Security

OSLO, March 14 (Reuters) – Norway’s military plans to buy six Seahawk helicopters for 12 billion crowns ($1.14 billion) from Lockheed Martin’s (LMT.N) Sikorsky, the defence minister said on Tuesday, to boost its ability to monitor its vast seas and Arctic territory.

The NATO member, which shares a border with Russia in the Arctic, is responsible for monitoring some 2 million square km (772,000 square miles) of sea and has long been seeking to boost its monitoring capacity.

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AmCham Financial Forum: Elevated Insurance Risks, Nuclear US Verdicts, and Employee Romance Fraud

AmCham News

AmCham Financial Forum: Elevated Insurance Risks, Nuclear US Verdicts, and Employee Romance Fraud

Member and partner leaders gathered at WTW’s Skøyen office for our quarterly Financial Forum. This session focused on Elevated Insurance Risks, Nuclear US Verdicts, and Employee Romance Fraud. 

Multinational WTW, formerly Willis Towers Watson, provides data-driven, insight-led solutions in the areas of people, risk, and capital. WTW Norway’s Camilla Arnesen and Sara Hjelmberg informed participants on the state of the market with rising insurance premiums, key drivers for increased claims costs, and developing US liability considerations and impacts.

Presenters

Camilla Arnesen – Senior Broker Casualty & Financial Lines

WTW

Sara Hjelmberg – Practice Lead Casualty & Financial Lines

WTW

Howard Cooper – Managing Director & Global Co-Head of Financial Investigations Practice

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Justine Radnedge – Senior Manager

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Unraveling the International Laundering Machine

Headquartered in New York City, Kroll is an independent, global corporate investigation firm providing anti-corruption risk consulting for M&A, IPO and supply chain due diligence.

London-based, Howard Cooper and Justine Radnedge joined us for an update on how criminals are increasingly targeting employees to become unwitting co-conspirators in major fraud.

Cooper, the Managing Director and Global Co-Head of the Financial Investigations Practice, shared a shocking case study involving a romantic connection made via LinkedIn that ended up costing the victimized company $250 million.

There has been an increase in external threats and criminal organizations are becoming more sophisticated and systematic. The critical weakness is the human aspect, meaning that every employee is a potential liability to the company.

Radnedge went on to cover the processes that Kroll deploys to track down criminal organizations as well as compliance protocols companies should make sure to astutely follow such situations.

About the AmCham Financial Forum

AmCham’s collaborative Financial Forum enables cross-industry leaders to openly exchange and learn from their peers – building a better understanding of what it takes to maintain successful international operations in Norway.

Read more about our Financial Forum and please contact Madeleine.brekke@amcham.no for interest in future meetings

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Previous Forums

AmCham Financial Forum: Advanced Economics – Tech and Policy Evolution

June 17, 2025

Cross-industry member leaders gathered at IBM’s inspiring Client Center for our Financial Forum focusing on the future of financial trends – an evolving financial landscape. Taking the stage was Paolo Sironi, Global Research Leader in Banking & Financial Markets at IBM’s Institute for Business Value (IBV). With his immense background from fintech innovation, he is considered one of the most respected fintech voices globally.

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Pfizer Invests $43 Billion to Battle Cancer

Business News, Health

NEW YORK & BOTHELL, Wash.–(BUSINESS WIRE)– Pfizer Inc. (NYSE: PFE) and Seagen Inc. (Nasdaq: SGEN) today announced that they have entered into a definitive merger agreement under which Pfizer will acquire Seagen, a global biotechnology company that discovers, develops and commercializes transformative cancer medicines, for $229 in cash per Seagen share for a total enterprise value of $43 billion. The Boards of Directors of both companies have unanimously approved the transaction.

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Baker Hughes Signs Strategic Collaboration Agreement with Amazon Web Services, Inc. to Deliver the LeucipaTM Automated Field Production Solution

Business News, Technology

Baker Hughes, an energy technology company, signed a strategic collaboration agreement with Amazon Web Services, Inc. (AWS) to develop, market and sell the cloud-based Leucipa automated field production solution. The initial phase of the solution was introduced at the 2023 Baker Hughes Annual Meeting.

The collaboration leverages AWS services such as advanced analytics and Baker Hughes’ expertise in the oil and gas industry to create an automated field production solution designed to allow operators to manage field production. By automating field production, the Leucipa solution improves performance and energy efficiency, which will reduce emissions. The Leucipa solution also minimizes health and safety exposure by reducing trips to the field. AWS is Baker Hughes’ preferred and recommended cloud provider for the Leucipa automated field production solution.

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Amerikanske investeringer i infrastruktur på Rygge flystasjon er viktig for Norges forsvarsevne

Business News, Defense / Security

Snart starter arbeidet med amerikanske infrastrukturinvesteringer på Rygge. Prosjektene er knyttet til mottak av amerikanske kampfly og vil være viktige også for NATO. – De amerikanske investeringer i infrastruktur på Rygge vil ha positiv betydning for norsk, nordisk og alliert sikkerhet, sier forsvarsminister Bjørn Arild Gram (Sp).

I juni 2022 samtykket Stortinget til inngåelse av en tilleggsavtale om forsvarssamarbeid mellom Norge og USA. Avtalen legger blant annet til rette for amerikanske investeringer i infrastruktur på omforente områder, og Rygge flystasjon er ett av de fire omforente områdene som ble etablert da avtalen trådte i kraft.

Les hele artikkelen.

DOE to offer $2.5B for carbon capture projects at power plants, industrial sites

Business News, Energy

The Department of Energy will provide $2.52 billion in funding for two carbon capture programs, with additional funding possible later, the agency said Thursday.

Through its Carbon Capture Demonstration Projects Program, DOE is offering $1.7 billion for about six commercial-scale carbon capture projects integrated with carbon transportation and geologic storage infrastructure.

The program focuses on projects that can be replicated at power plants and major industrial sources of carbon emissions, such as cement, pulp and paper, iron and steel plants, the department said.

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