Norwegian chemical industry news

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  7 May 2026

  EU awards €1.09bn to nine hydrogen projects via European Hydrogen Bank

  Selected projects across seven EEA countries will add ~1.1 GW electrolyser capacity, produce >1.3 Mt H2 over 10 years, avoid ~9 Mt CO2e; premiums €0.57–€3.49/kg; Spain/Germany add €1.7bn
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  7 May 2026

  Statkraft Q1 results strong despite lower production

  Strong Q1 driven by higher Nordic power prices despite lower hydropower output; underlying EBITDA NOK13.3bn, net profit NOK8.1bn, net debt down NOK8.3bn, ROACE 12.3%
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  6 May 2026

  Equinor Q1 2026 results

  Adjusted operating income USD 9.77bn; adjusted net income USD 3.70bn. Record production +9% (2,313 mboe/d). Seven NCS discoveries, Raia drilling, Q1 dividend $0.39/sh, $375m buy-back tranche.
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  5 May 2026

  Elkem ASA appoints interim chair and approves €1bn refinancing

  AGM elected five shareholder board members: Helge Aasen (seat effective on his retirement as CEO), Marianne E. Johnsen, Christian Must, Astrid M. Hilde and Richard Olav Aa.
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  5 May 2026

  Equinor starts Eirin gas production to Europe

  Eirin field started gas exports to Europe via Gina Krog/Sleipner A. ~27.6 million boe, NOK4.5bn cost; tied-back subsea built in three years; extends Gina Krog life to 2036; ~3 kg CO2/boe.
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  4 May 2026

  Equinor extends NOK 17bn drilling and well-services contracts on Norwegian continental shelf

  Exercises 1–2 year options on drilling and well-service contracts; secures specialist frameworks to sustain production, preserve ~2,500 jobs and raise pace, efficiency and standardisation.

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  30 April 2026

  Elkem completes sale of Silicones division to Bluestar and redeems Bluestar shares

  Registered share capital is NOK 1,505,514,210 (301,102,842 shares, NOK 5 par). Board and Nomination Committee changes took effect; seller no longer represented.
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  30 April 2026

  OMV: Clean CCS operating result ~EUR 1.0bn in Q1 2026

  Q1: operating cash flow €776m (€1,624m excl NWC, +20%); net income €323m; leverage 17%. Energy down, Fuels flat, Chemicals up on Borealis reclass. and higher polyolefin margins; Borouge closed
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  29 April 2026

  Statkraft and Hydro sign 10-year power PPAs for 12.3 TWh

  Contracts secure power for primary aluminium production in Norway, allocating deliveries across NO2 and NO3 price areas and supporting long-term industrial competitiveness and low-carbon solutions.
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  29 April 2026

  Neste Q1 2026 Interim Report

  Strong Q1: comparable EBITDA EUR 861m; cash flow before financing EUR 286m; renewable margin USD 856/t; oil refining margin USD 23.0/bbl; leverage 31.7%; volumes hit by maintenance
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  28 April 2026

  Elkem wins NOK 87m from Enova to scale biocarbon use in silicon production

  Project (total NOK242m, 2026–28) will test industrial biocarbon across labs, pilots and five smelters to double biocarbon share (from ~25%) by 2030, potentially cutting up to 0.5 Mt CO2/yr
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  27 April 2026

  Momentive names Bob Waitt CCO

  Appointee joins from Elkem's silicones division after 12 years of global commercial leadership; will steer commercial strategy to boost revenue and market presence. Former Albright CEO; BS EE.
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  24 April 2026

  Eni Q1 2026 results: raises share buyback to €2.8bn

  Q1: E&P +9% to 1.8 mln boe/d; ~1bn boe discovered; FY CFFO raised to €13.8bn; Plenitude demerger, Acea adds clients to reach 11m; Enilive FIDs two biorefineries; proforma gearing 15%
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  20 April 2026

  Yara names Helge Lund as Chair

  Appointment effective after AGM on 12 May 2026. Outgoing chair Trond Berger to step down. Committee also nominated Martina Merz and Ivar Vatne; John Thuestad and Tove Feld not standing for re-election.
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  14 April 2026

  RWE installs two substations for Nordseecluster A

  Two offshore substations (~40×22 m; 1,800 & 2,500 t) were installed ~50 km north of Juist after transport from Saint‑Nazaire by heavy‑lift Gulliver. Nordseecluster A: 660 MW (2027); B: +900 MW (2029)
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  9 April 2026

  Worley Rosenberg awarded FEED for RjukanLH2, Nordic’s first liquid hydrogen plant

  FEED (with EPC option) for 25 MW liquid hydrogen plant (10 t/day); modular design with pressurized alkaline electrolyzers and liquefaction; PPA-secured renewable power; production from 2028.
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  1 April 2026

  Halliburton acquires Sekal AS to expand drilling automation services

  Acquirer combines automation platforms to expand drilling autonomy with real‑time subsurface, hydraulics and rig controls; deployed in 1,300+ wells and may cut well delivery times up to 25%
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  27 March 2026

  RWE approved for Nordseecluster B offshore wind farm

  Planning approval granted for Nordseecluster B, adding 900 MW to reach 1.6 GW (660 MW A under construction). Full output ~6.5 TWh/yr; B due early 2029; 110 MW PPA with Amazon.
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  26 March 2026

  Equinor completes investigation into Mongstad benzene exposure

  Probe: prolonged benzene exposure during filling—task overran; no re-assessment; respirators insufficient. Naphtha→glycol; more PPE, detector training and a safety engineer; authorities notified.
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  19 March 2026

  Eni 2026–2030 Plan

  Consistent strategy: strong E&P project pipeline driving 3-4% production growth to 2030, self-funding Transition units, CFFO rising to €17bn, €40-45bn FCF 2026-30, lower gearing and higher payouts.
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  19 March 2026

  Elkem rated BBB- by Scope; Outlook Negative

  Weak 2025 results and limited deleveraging from the Silicones divestment; company plans cost and debt reductions to restore investment-grade metrics.
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  19 March 2026

  Equinor creates two business areas to sharpen market focus

  Establishes two units: midstream/processing/infrastructure to secure safe, efficient onshore operations; and a market/trading unit to capture value from products and data. New org operational early 2027.
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  19 March 2026

  Equinor Annual Report 2025

  Record production and strong cash results in 2025; safety improved; adjusted operating income $27.6B; production 2,137 mboe/d; renewables +25%; emissions −34% since 2015.
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  18 March 2026

  Zephyr to buy permanent carbon removals from Carbon Centric

  Four-year buy of carbon removal certificates to offset estimated Scope 1 (10 t/yr), retroactively and going forward, and to support development of permanent CO2 storage projects
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  18 March 2026

  Boliden invests SEK 4bn in Garpenberg hoist and SEK 1.5bn in Rönnskär SCM plant

  SEK 4bn hoist at Garpenberg to keep 4.5 Mt/yr past 2030; SEK 1.5bn Rönnskär demo plant (280 kt/yr SCMentum) 2026–28. SCM emits <5% of cement CO2; exploration continues.
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  18 March 2026

  Equinor discovery strengthens Johan Castberg

  New Polynya Tubåen discovery (7220/7-5)—prelim 14–24 million boe; follows June Drivis Tubåen find (13–20m). Plans: 1–2 exploration wells/yr; Isflak development under construction to tie in two wells.
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  16 March 2026

  Equinor Completes Investigation of Mongstad Fatal Accident

  An internal probe into a fatal crane accident at Mongstad identifies safety improvements for lifting operations. Measures are being implemented to prevent future incidents.
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  12 March 2026

  ORLEN Expands LNG Fleet with Two New Carriers

  Two advanced LNG carriers boost energy security, operational flexibility, and global trade capabilities, supporting Poland's energy transition and regional gas supply.
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  12 March 2026

  RWE Reports Strong 2025 Financials, Plans Growth to 2031

  RWE plans €35B investments by 2031, boosting capacity to 65 GW. Focus on US and Germany, with 10% annual dividend growth. Earnings per share to rise from €2.48 to €4.40.
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  12 March 2026

  Clariant Demonstrates Pyrolysis Oil Upgrading for Circular Plastics with Borealis and SINTEF

  Clariant's HDMax catalyst converts plastic waste-derived pyoil to cracker-grade feedstock in a single reactor, reducing costs and complexity, advancing circular economy solutions.