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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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Baker Hughes and Akastor ASA announce joint venture company
Category: Business News
Baker Hughes (NYSE:BKR) and Akastor ASA (Oslo:AKAST) have announced an agreement to create a joint venture company (Company) that will bring together Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s wholly owned subsidiary, MHWirth AS (MHWirth). The Company will deliver a global full-service offshore drilling equipment offering that will provide customers with a broad […]
Source: bakerhughes.com
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Norway Sees Dramatic Drop in Interest for Arctic Oil Exploration
Category: Business News
Interest in oil exploration in the Norwegian Arctic has dropped dramatically following years of disappointing drilling results. Only seven oil companies applied for new acreage in the Barents Sea in the latest licensing round, down from 26 in a similar round in 2013. The continued decline will be a blow to the government, which had […]
Source: Bloomberg
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Exclusive: Equinor considers more US asset sales in global strategy revamp
Category: Business News
OSLO (Reuters) – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of U.S. assets over the past decade. While the company, like other energy majors, has been […]
Source: Reuters
Published: May 8, 2024
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Yara proposes NOK 20 per share dividend, establishes Clean Ammonia unit
Category: Business News
Yara reports improved fourth-quarter deliveries, offsetting the impact of higher energy cost. Fourth-quarter net income was USD 246 million (USD 0.93 per share) compared with USD 199 million (USD 0.73 per share) a year earlier. “Yara delivers its tenth consecutive quarter with improved capital returns, with increased deliveries and production offsetting the impact of higher […]
Source: GlobeNewswire
Published: February 9, 2021
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