NEWS

Chemicals / Metals

US-EU Metals Talks Avert Tariff Hike

Category: Business News

The United States and the European Union agreed on Monday not to escalate their dispute over U.S. steel and aluminium tariffs, averting steep EU tariff hikes while the two sides launch formal talks on addressing excess global capacity largely centered in China. The European Commission, which oversees EU trade policy, said on Monday it would […]

Source: Reuters


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Norsk Hydro To Divest Rolling Business Area To KPS Capital Partners In €1.38 Bln Deal

Category: Business News

Norwegian aluminium and renewable energy company Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Friday said it has entered into an agreement to sell its Rolling business to KPS Capital Partners for 1.38 billion euros on an enterprise value basis. Hydro said the agreed deal price would result in a reduction of 856 million euros in pension […]

Source: Nasdaq


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Norway eyes sea change in deep dive for metals instead of oil

Category: Business News

Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center on something different.

Source: Reuters

Published: December 1, 2021


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Exxon Sets New Emissions Goals

Category: Business News

Exxon Mobil Corp. entered 2020 with a multi-year growth plan projected to significantly increase its greenhouse-gas emissions. Then came Covid-19 and criticism from activist investors over its record on climate and financial returns.

Source: Bloomberg

Published: July 23, 2021


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Reuters: Norway cuts gas exports as plant shuts over strike

Category: Business News

OSLO (Reuters) – Norway’s Nyhamna gas export terminal is closing down as security guards at the plant go on strike, cutting volumes by an expected 50 million standard cubic metres (mcm) of gas per day, system operator Gassco said on Saturday.

Source: Reuters

Published: July 23, 2021


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