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Norwegian chemical industry news
11 March 2026
Equinor and Wallenius Wilhelmsen Sign Bio-Methanol Supply Deal
Bio-methanol will fuel RoRo ships from 2026, reducing emissions and supporting low-carbon logistics in key European ports.
11 March 2026
Elkem Restructures and Cuts Costs to Boost Competitiveness
Elkem introduces a new structure, reduces workforce by 300, and cuts costs by NOK 1.9 billion to enhance profitability amid market challenges.
10 March 2026
Carbon Centric Wins 2026 Climate Østfold Award
Awarded for reducing emissions, Carbon Centric's first carbon capture plant operates in Rakkestad, enhancing accessibility and scalability through modular tech and new business models.
10 March 2026
ORLEN Confirms Gas Discovery in North Sea's Sleipner Area
Gas and condensate found in Frida Kahlo prospect, estimated at 7.2 million barrels. Production to start by 2026 using existing infrastructure, reducing costs and time.
10 March 2026
Equinor Finds Oil and Gas in North Sea
Oil and gas found in Troll and Sleipner areas, leveraging existing infrastructure. New discoveries support ongoing energy supply and exploration efforts on the Norwegian continental shelf.
5 March 2026
Statkraft Reports Strong Q4 Results and Record Production
Q4 2025 saw 19.4 TWh power generation and NOK 8.3B EBITDA. Full-year production hit 72.1 TWh. Net loss due to impairments and taxes. Investments and divestments in Nordics and Europe.
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3 March 2026
Equinor Investigates Deepsea Bollsta Well Control Incident
A gas leak on Deepsea Bollsta was contained in 30 minutes. Safety systems worked, preventing escalation. Measures are in place to avoid recurrence.
2 March 2026
Equinor's Rapid Development Plan for Snorre Oil Discovery
New oil discovery in Snorre area to be quickly developed using existing infrastructure, reducing costs and environmental impact, while supporting European energy security.
26 February 2026
Eni Reports Strong 2025 Financial and Strategic Progress
Strong Q4 results with 35% net income growth. Major projects launched, production up 7%. LNG expansion, biofuels growth, and strategic partnerships enhance resilience and shareholder returns.
19 February 2026
Statkraft's Former Employees Advance Biofuel Tech at Tofte
Statkraft shifts focus to core technologies, transferring biofuel expertise to a new company led by former employees, aiming to commercialize HTL technology for emissions reduction.
17 February 2026
ORLEN's Largest Investment Program
PLN 380 billion will modernize Poland's energy system, focusing on gas security, renewables, and grid expansion, ensuring secure, affordable energy.
13 February 2026
Elkem Q4 2025: Market Challenges Offset by Cost Improvements; Silicones Division Sale
EBITDA fell 24% YoY. Silicones sale to Bluestar boosts focus and flexibility. Safety incident in Lyon. Market uncertainties persist, but strong cost positions aid adaptation.
13 February 2026
Elkem to Sell Majority of Silicones Division to Bluestar
Elkem to transfer Silicones division to Bluestar, settling through share redemption. Transaction awaits shareholder and regulatory approvals, expected to close by May 2026.
12 February 2026
thyssenkrupp Q1 2025/2026: Sales Down, EBIT Up, Forecast Confirmed
Order intake fell due to prior major contracts. Sales dropped 8%, but EBIT rose 10% via APEX program. Transformation progresses with strategic moves in various segments.
11 February 2026
Yara's Q4 and Annual Results Show Strong Performance
Increased nitrogen margins, cost reductions, and strategic focus drive profitability. Future growth targets set for EBITDA improvements and cash flow.
11 February 2026
ORLEN Acquires 25% Stake in Afrodite Gas Discovery
ORLEN acquires 25% of PL293 in the North Sea, targeting 1.9 bcm of gas. The project tests new production methods and aligns with ORLEN's strategy for Norwegian gas development by 2030.
10 February 2026
Elkem Reduces Production at Norwegian Plants
Elkem halts production at Rana and Salten due to market challenges, high inventory, and power costs, potentially leading to temporary layoffs.
5 February 2026
Equinor and Eneco Sign 5-Year Gas Supply Deal
The 5-year deal supplies up to 0.5 bcm of low-emission gas annually to the Netherlands, reducing Eneco's CO2 emissions by over 10% via sustainability guarantees.
4 February 2026
Kemira Enters Finland's Top 5 in Nordic Diversity Index
Kemira improved its diversity ranking, focusing on gender, age, nationality, and education. The 2026 report highlights AI's role in digital leadership.
4 February 2026
Worley Backs AquaDuctus Hydrogen Pipeline in North Sea
AquaDuctus, a key project in Europe's hydrogen infrastructure, will connect offshore production to the mainland, supporting cross-border collaboration and green hydrogen deployment.
4 February 2026
OMV Reports EUR 4.6 Billion Clean CCS Operating Result for 2025
OMV's 2025 results show strong cash flow, low leverage, and improved chemicals and fuels performance, despite lower energy results. Dividend proposed at EUR 4.40 per share.
4 February 2026
Equinor Q4 and 2025 Financial Results
Adjusted operating income reached USD 6.20B. Production grew 6% in Q4. Focus on cost reduction, capital discipline, and strategic growth in oil, gas, and power.
29 January 2026
Equinor Selects Worley Rosenberg for Norwegian Offshore Framework Agreement
The agreement covers maintenance and minor projects on Norwegian offshore facilities, starting May 2026, with a potential duration of up to ten years.
28 January 2026
Carbon Centric Wins Insight Prize for Data Use in Carbon Capture
Awarded for a real-time platform optimizing carbon capture, enhancing efficiency, and reducing energy use through data and analytics.
27 January 2026
Statkraft Appoints Tor Lønnum as CFO
Tor Lønnum, with extensive leadership experience, will start as CFO on 1 Feb 2026, succeeding Tone Aastveit Skuterud. He aims to support Statkraft's strategy and renewable energy goals.
22 January 2026
Worley Rosenberg Wins EPF Contract for MikkelLate Life Project
Worley Rosenberg will deliver a subsea Flow Conditioning Unit for Equinor, enhancing flow management at Åsgard SCMS-A, with completion expected by Q2 2027.
21 January 2026
DNV Partners with Carbon Centric for Carbon Removal Agreement
A new carbon capture plant in Norway will capture 30,000 tonnes of CO₂ annually, with DNV purchasing 10,000 credits yearly, supporting the project's development and market growth.
20 January 2026
2024 Innovation Fund Awards €270.6M for EU Renewable Hydrogen Projects
Six projects in Spain, Finland, and Norway will produce 500 kilotonnes of renewable hydrogen, cutting 3.4 million tonnes of CO₂ emissions over 10 years with 381.25 MW electrolyser capacity.
20 January 2026
ORLEN Discovers Gas in North Sea
New gas found in the North Sea's Sissel field, with potential production of 1 billion cubic meters. Development may tie into existing infrastructure, reducing costs and ensuring stable supply.
13 January 2026
ORLEN Gains New Licenses on Norwegian Shelf
ORLEN secures stakes in six licenses, including Victoria, aiming to leverage advanced tech for gas production, collaborating with Aker BP, Equinor, and Harbour Energy.
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