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Baker Hughes wins contracts from Vår Energi for work offshore Norway
Category: Business News
Baker Hughes announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
Source: World Oil
Published: March 17, 2025
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Minister Huitfeldt’s lecture at Luther College, Iowa
Category: Business News
Thank you, Dr. Johnson, for your welcoming words,
I am very pleased to be here at Luther College. A college founded by Norwegians more than 160 years ago. Its first president was Peter Laurentius Larsen – Laur Larsen. He was born in the town of Kristiansand on the southern coast of Norway in 1833. When Larsen grew up, Norway was among the poorest countries in Europe.
Source: Norwegian Ministry of Foreign Affairs
Published: March 17, 2025
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$12 trillion to be spent on renewables and grid infrastructure in the U.S and Canada by 2050 – Report
Category: Business News
DNV publishes Energy Transition Outlook North America. The report covers the energy future of the U.S. and Canada through to 2050 Policies are triggering massive investment into new technologies, accelerating the energy transition in North America Domestic fossil fuel demand declines 60%, mainly in transport and power sectors, but export remains stable while domestic energy […]
Source: DNV.com
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KONGSBERG awarded NOK 1 billion CROWS order
Category: Business News
Kongsberg Defence & Aerospace AS (KONGSBERG) has received an order from the US Army to deliver an additional 409 CROWS remote weapon stations, spares and support. The order has a value of USD 94 million or approximately NOK 1 billion. The order is part of the IDIQ* frame contract awarded in October 2022, the […]
Source: Kongsberg
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Cisco to buy cybersecurity firm Splunk for $28 billion
Category: Business News
Sept 21 (Reuters) – Cisco Systems (CSCO.O) on Thursday agreed to buy cybersecurity firm Splunk (SPLK.O) for about $28 billion in its biggest-ever deal to strengthen its software business and capitalize on the boom in artificial intelligence. The deal, which is the biggest technology transaction of the year, will help reduce Cisco’s reliance on its massive networking equipment business, which […]
Source: Reuters
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