Economy of Norway

Equinor commences first tranche in share buy-back programme

Retrieved on: 
Wednesday, July 28, 2021

Equinor (OSE: EQNR, NYSE: EQNR) today commences the first tranche of around USD 300 million, of the new share buy-back programme announced at the Capital Markets Day on 15 June 2021.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) today commences the first tranche of around USD 300 million, of the new share buy-back programme announced at the Capital Markets Day on 15 June 2021.
  • For 2021 the share buy-back programme is expected at USD 600 million, including shares to be redeemed from the Norwegian State.
  • The purpose of the share buy-back programme is to reduce the issued share capital of the company.
  • The share buy-back programme will be structured into tranches where Equinor will buy back a certain value in USD of shares over a defined period.

Equinor second quarter 2021 results

Retrieved on: 
Wednesday, July 28, 2021

Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 4.64 billion and USD 1.58 billion after tax in the second quarter of 2021.
  • The second quarter of 2021 was characterised by:
    Strong results due to higher prices, sustained value focus and strict capital discipline.
  • IFRS net income was USD 1.94 billion in the second quarter, compared to negative USD 0.25 billion in the second quarter of 2020.
  • At the end of second quarter 2021, Equinor had completed 11 exploration wells with 5 commercial discoveries and 12 wells were ongoing.

Aker ASA: Second Quarter and Half-Year Results 2021 - Record-High Net Asset Value of NOK 66.9 billion

Retrieved on: 
Friday, July 16, 2021

OSLO, Norway, July 16, 2021 /PRNewswire/ -- The Net Asset Value (NAV) of Aker ASA and holding companies ("Aker") increased by NOK 5.6 billion in the second quarter 2021, including dividend paid.

Key Points: 
  • OSLO, Norway, July 16, 2021 /PRNewswire/ -- The Net Asset Value (NAV) of Aker ASA and holding companies ("Aker") increased by NOK 5.6 billion in the second quarter 2021, including dividend paid.
  • At the end of the second quarter, the NAV was NOK 66.9 billion, the highest NAV on record for the company.
  • The value of Aker's Industrial Holdings portfolio increased by NOK 5.6 billion in the quarter to NOK 71.9 billion.
  • The value of Aker's Financial Investments portfolio stood at NOK 7.6 billion at the end of the quarter, down 4.3 per cent from the first quarter.

Aker Solutions Awarded Subsea Gas Compression Contract

Retrieved on: 
Tuesday, July 6, 2021

OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.

Key Points: 
  • OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.
  • "Globally, this is the second subsea gas compression system delivered by Aker Solutions and demonstrates our pioneering spirit to create value for our customers.
  • The world's first subsea gas compression system was delivered by Aker Solutions to Equinor's sgard field in Norway in 2015.
  • Compared to the traditional alternative from a topside compression platform, subsea gas compression is a low-carbon solution for the production of natural gas.

Aker Solutions Awarded Subsea Gas Compression Contract

Retrieved on: 
Tuesday, July 6, 2021

OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.

Key Points: 
  • OSLO, Norway, July 6, 2021 /PRNewswire/ -- Aker Solutions has been awarded a major1contract from Chevron Australia Pty Ltdto provide a subsea gas compression system for the Jansz-Io field, offshore Western Australia.
  • "Globally, this is the second subsea gas compression system delivered by Aker Solutions and demonstrates our pioneering spirit to create value for our customers.
  • The world's first subsea gas compression system was delivered by Aker Solutions to Equinor's sgard field in Norway in 2015.
  • Compared to the traditional alternative from a topside compression platform, subsea gas compression is a low-carbon solution for the production of natural gas.

Aker ASA: Invitation to Presentation of Q2 2021 Results

Retrieved on: 
Monday, July 5, 2021

OSLO, Norway., July 5, 2021 /PRNewswire/ -- Aker ASA will publish itsfinancial results for the second quarter of 2021 on Friday July 16, 2021, at 07:00 CEST. The company will host a webcast presentation of the results the same dayat 09:00 CEST.

Key Points: 

OSLO, Norway., July 5, 2021 /PRNewswire/ -- Aker ASA will publish itsfinancial results for the second quarter of 2021 on Friday July 16, 2021, at 07:00 CEST. The company will host a webcast presentation of the results the same dayat 09:00 CEST.
Aker ASA Q2 2021 webcast presentation:

SpinChip® Secures NOK 130 million (€13.5 Million) in Financing Round

Retrieved on: 
Tuesday, June 29, 2021

SpinChip is now preparing for design verification and validation, CE-marking and market entry

Key Points: 
  • SpinChip is now preparing for design verification and validation, CE-marking and market entry
    OSLO, Norway, June 29, 2021 (GLOBE NEWSWIRE) -- SpinChip Diagnostics AS, a pioneering, diagnostics company developing a next-generation point-of-care platform for in vitro diagnostics, today announced the completion of its financing round, successfully securing NOK 130 million (13.5 million).
  • Carnegie Investment Bank Norway acted as Sole Bookrunner onSpinChips NOK 130 million (13.5 Million) private placement.
  • Alongside new cornerstone investors such as Kistefos AS, the financing round was also well supported by existing shareholders.
  • The SpinChip proprietary diagnostics platform, consisting of the SpinChip Analyser and assay-specific cartridges, is built on microfluidic technology in combination with nanotechnology-based cartridge assays.

Aker Carbon Capture ASA: Approval and publication of prospectus and transfer of listing from Euronext Growth (Oslo) to Oslo Børs

Retrieved on: 
Thursday, June 17, 2021

OSLO, Norway, June 17, 2021 /PRNewswire/ -- Reference is made to previous stock exchange announcements regarding the application by Aker Carbon Capture ASA ("Aker Carbon Capture" or the "Company") for a listing of its shares on Oslo Brs (the "Listing") and the announcement by the Oslo Stock Exchange on June 16, 2021, where it was informed that Oslo Brs had approved the Company's application for Listing.

Key Points: 
  • OSLO, Norway, June 17, 2021 /PRNewswire/ -- Reference is made to previous stock exchange announcements regarding the application by Aker Carbon Capture ASA ("Aker Carbon Capture" or the "Company") for a listing of its shares on Oslo Brs (the "Listing") and the announcement by the Oslo Stock Exchange on June 16, 2021, where it was informed that Oslo Brs had approved the Company's application for Listing.
  • The Company has prepared a prospectus in connection with the Listing, which has been approved by the Financial Supervisory Authority of Norway.
  • The first day of trading of the shares on the Oslo Stock Exchange is expected to be on Friday, June 18, 2021.
  • Consequently, the last day of trading of the shares on Euronext Growth (Oslo) will be Thursday, June 17, 2021.

Aker ASA: Signs Agreement to Acquire Prototech AS

Retrieved on: 
Thursday, June 10, 2021

OSLO, Norway, June 10, 2021 /PRNewswire/ -- Aker ASA announced today that Aker Capital (collectively referred to as "Aker") has acquired the Norwegian technology and research and development (R&D) company Prototech AS ("Prototech").

Key Points: 
  • OSLO, Norway, June 10, 2021 /PRNewswire/ -- Aker ASA announced today that Aker Capital (collectively referred to as "Aker") has acquired the Norwegian technology and research and development (R&D) company Prototech AS ("Prototech").
  • "Prototech has an impressive portfolio of technologies and expertise that need both capital and active ownership to realize their full potential," said yvind Eriksen, President and CEO at Aker.
  • Prototech has R&D capabilities and solutions that we believe can play an important role in Aker's long-term development."
  • Aker is the perfect owner for Prototech going forward, and we are very happy to become part of the family," said Bernt Skeie, CEO at Prototech.

Norsk Hydro: Sale completed of Hydro Rolling business area to KPS Capital Partners

Retrieved on: 
Tuesday, June 1, 2021

Reference is made to the stock exchange notice of April 29, 2021, stating that Norsk Hydro ASA has received the necessary approvals for the sale of Hydro Rolling to KPS Capital Partners.

Key Points: 
  • Reference is made to the stock exchange notice of April 29, 2021, stating that Norsk Hydro ASA has received the necessary approvals for the sale of Hydro Rolling to KPS Capital Partners.
  • The transaction has today closed.
  • In addition, Hydro has signed a separate agreement to sell its Bonn property, which has been part of the Hydro Rolling, but outside the perimeter of the above transaction, to Cube Real Estate for EUR 27 million.
  • The total enterprise value for Hydro Rolling, including the Bonn property, is EUR 1,407 million.