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Norwegian chemical industry news
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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