NEWS

Shipping & Offshore

KKR to Acquire Norway-based Ocean Yield in €689m Deal

Category: Business News

Global investment firm KKR is investing about NOK7.2bn (€688.6m) to buy Ocean Yield, a Norway-based ship owning company with investments in vessels on long-term charters. Octopus Bidco, a company owned by KKR funds, is offering the Oslo Stock Exchange-listed owner’s shareholders NOK41 for each share. The amount per share being offered represents a premium of […]

Source: IPE Real Assets


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Norway Builds World’s First Electric Zero-Emission Fast Ferry

Category: Business News

Construction commenced in Norway for a fully electric passenger fast ferry, which is being called the first of its kind in the world. The vessel, which is due to enter service in the spring of 2022, is the first of three as part of a project to develop new modular methods for the design and […]

Source: Maritime Executive


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Denmark, Norway, and the United States to Lead Zero-Emission Shipping Mission

Category: Business News

The governments of Denmark, Norway, and the United States, along with the Global Maritime Forum and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, today announced that they will lead a new Zero-Emission Shipping Mission as part of Mission Innovation. The Mission aims to accelerate international public-private collaboration to scale and deploy new green maritime […]

Source: US Department of Energy


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Equinor, Partners Make ‘Significant’ Oil Find in Mature Area Off Norway

Category: Business News

Norwegian oil firm Equinor, with its partners Vår Energi, Idemitsu Petroleum, and Neptune Energy, said Wednesday it had made the biggest discovery this year offshore Norway. Preliminary estimates place the discovery size between 12 and 19 million standard cubic meters of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent, Equinor said. […]

Source: OE Digital


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Norway grants 61 new offshore oil and gas exploration licenses

Category: Business News

Thirty companies have received offers of ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020.

Source: WorldOil.com

Published: September 29, 2021


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