14 June 2021

BP joins forces with Aker and Statkraft on Norwegian offshore wind investment

BP announced that it will join Aker and Statkraft in a consortium that will apply for a license for the development of offshore wind in Norway. The partnership - where BP, Statkraft and Aker Offshore Wind each own a third - will apply for a license to develop offshore wind in the license area Southern North Sea II (SN2). The favorable location of SN2 makes it possible to supply power to several surrounding markets, and the partners are also looking at the possibilities of supplying renewable power for electrification of oil and gas installations. (Statkraft)

Neste's aims to use 100% renewable electricity globally by 2023 

Neste is committed to carbon-neutral production by 2035 . As part of this target, Neste's goal is to switch to 100% renewable electricity globally by 2023, and Neste has announced that it will increase the use of renewable electricity at its Porvoo refinery, entering into a new wind power agreement with the wind power company, Ilmattare. Our goal is to switch to 100% renewable electricity at the Porvoo refinery by 2023, said the President of Neste's Petroleum Products business unit. The total capacity of Neste's and Ilmattare's long-term agreement corresponds to approximately 200 GWh / year, approximately 17% of Neste's Porvoo refinery's electricity consumption. (press release)

Green Hydrogen Systems closes share offering early

Norway’s Green Hydrogen Systems will close the new share issue in the company earlier than planned due to high interest in shares ahead of the upcoming stock exchange debut. (press release)