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Norwegian chemical industry news
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.
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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.
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.
13 January 2026
Equinor Secures 35 New Licenses on Norwegian Shelf
Equinor gains access to North, Norwegian, and Barents Sea areas, planning 20-30 annual wells to support exploration and production, aiming for 6-8 new subsea developments yearly until 2035.
8 January 2026
Equinor Awards Major Contracts to Norwegian Suppliers
Equinor's framework agreements, worth NOK 100 billion, aim to enhance operations, create jobs, and boost competitiveness in Norway's offshore and onshore facilities.
7 January 2026
Carbon Centric Receives ENOVA Grant for Skogn Carbon Capture Project
ENOVA grants NOK 9.51 million for a carbon capture pre-project at Skogn, covering 50% of costs, aiming for a final investment decision by 2027.
7 January 2026
Grupa Azoty Secures Multi-Year Fertiliser Deal in Scandinavia
The contract enhances export strategy, ensuring stable fertiliser supply to Scandinavia, meeting high standards and boosting sales in a key market.
7 January 2026
Equinor Saves USD 130 Million with AI in 2025
AI enhances offshore operations, predicting maintenance, optimizing well planning, and accelerating seismic data analysis, achieving significant cost savings and operational efficiency.
29 December 2025
ORLEN Boosts Production with Różańsko Gas Field Launch
Różańsko field adds 130 mcm annually, supporting energy security. Linked to Dębno facility, it aids ORLEN's 4 bcm target by 2030, with gas for power plants and crude for industry.
23 December 2025
Worley Rosenberg Wins EPC Contract for ConocoPhillips Project
EPC contract covers modifications at Ekofisk Complex. FEED completed; EPC starts Jan 2026, ends autumn 2028. Part of Albuskjell, Vest Ekofisk, Tommeliten Gamma redevelopment. Regulatory approval pending.
22 December 2025
Snøhvit Future Project Update by Equinor
Snøhvit Future faces delays and cost increases, now at NOK 20 billion. Onshore compression starts in 2029. Electrification cuts CO2 by 850,000 tonnes annually.
22 December 2025
ORLEN Expands in Norway with New Field Acquisitions
ORLEN's Norwegian unit acquires stakes in Albuskjell and Vest Ekofisk, boosting gas production by 420 million cubic meters annually.
16 December 2025
Equinor Challenges Økokrim Penalty
Equinor disputes a NOK 220M fine and NOK 500M confiscation claim for historical emissions, arguing it self-reported and addressed the issues. The case will proceed to court.
16 December 2025
Statkraft and Fortescue Update Power Deal for Norway Hydrogen Project
The agreement now extends to 2029, covering a 10-year power supply, supporting ongoing studies and approvals for the Holmaneset project.
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