Energy - Press Releases

OSLO, Norway, Feb. 11, 2025 /PRNewswire/ -- Aker Solutions delivered strong revenue growth with improved margins in 2024. The order backlog remains solid at NOK 61 billion and the tender pipeline grew to about NOK 86 billion at year end. Revenues in 2025 are expected to be around NOK 50 to 55 billion with EBITDA margins of 7.0 to 7.5 percent, excluding net income from OneSubsea. In addition, OneSubsea, where Aker Solutions owns 20 percent, has an ambition to distribute dividends of more than USD 250 million to its shareholders in 2025. Based on its robust financial position and positive outlook, Aker Solutions intends to pay out dividends of NOK 3.30 per share for 2024.

OSLO, Norway, Feb. 11, 2025 /PRNewswire/ -- Multiconsult ASA (OSE: MULTI). Multiconsult's fourth quarter EBITA amounted to NOK 98.0 million (118.4), which gives an EBITA for the full year of NOK 523.4 million (419.5). The EBITA margin for the quarter was 6.8 per cent (8.7), and 9.7 per cent (8.7) for the year. The performance was influenced by high activity, with a billing ratio of 72.5 per cent, 0.7 percentage points higher than the comparable quarter last year. Net operating revenues grew by 6.0 per cent to NOK 1 443.3 million, the organic revenue growth was 4.8 per cent adjusted for the calendar effect. The order intake was solid at NOK 1 798 million resulting in an order backlog of NOK 4 851 million.

OSLO, Norway, Feb. 11, 2025 /PRNewswire/ -- Aker Solutions delivered strong revenue growth with improved margins in 2024. The order backlog remains solid at NOK 61 billion and the tender pipeline grew to about NOK 86 billion at year end. Revenues in 2025 are expected to be aroundNOK 50 to 55 billion with EBITDA margins of 7.0 to 7.5 percent, excluding net income from OneSubsea. In addition, OneSubsea, where Aker Solutions owns 20 percent, has an ambition to distribute dividends of more than USD 250 million to its shareholders in 2025. Based on its robust financial position and positive outlook, Aker Solutions intends to pay out dividends of NOK 3.30 per share for 2024.

NEW YORK, Feb. 11, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The Solar energy market in Canada size is estimated to grow by USD 2.25 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 23.9% during the forecast period. Increasing government support for solar power technology is driving market growth, with a trend towards growing adoption of pay-as-you-go (payg) model. However, competition from alternative energy sources poses a challenge. Key market players include Azgard Solar Inc., Bird Construction Inc., BluEarth Renewables, Canadian Solar Inc., DP Energy, Gorkon Industries, Great Canadian Solar Ltd., Greengate Power Corp., HELIENE Inc., miEnergy Inc., PureSky Community Solar Inc., Quadra Power Inc., and VCT Group Inc..

STORA ENSO OYJ STOCK EXCHANGE RELEASE 11 February 2025 at 8:30 a.m. EET

STORA ENSO OYJ STOCK EXCHANGE RELEASE 11 February 2025 at 8:30 a.m. EET

OUNDLE, England, Feb. 11, 2025 /PRNewswire/ --The Joint Administrators of Fairline Yachts Limited ("Fairline Yachts"), a luxury yacht manufacturer, have secured funding for the business and are seeking a buyer to take the iconic brand forward. The additional funding, provided by its existing specialist lender DF Capital, will enable the business to continue the production and sale of its yachts for customers worldwide and retain its 250 employees.

OUNDLE, England, Feb. 11, 2025 /PRNewswire/ --The Joint Administrators of Fairline Yachts Limited ("Fairline Yachts"), a luxury yacht manufacturer, have secured funding for the business and are seeking a buyer to take the iconic brand forward. The additional funding, provided by its existing specialist lender DF Capital, will enable the business to continue the production and sale of its yachts for customers worldwide and retain its 250 employees.

At Baseload Power Iceland, we are happy to announce the release of the Icelandic version of the book Our hidden powers: Okkar dulda orka.

Univar Solutions

NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The global microbial agricultural inoculants marketsize is estimated to grow by USD 303.2 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 7.8% during the forecast period. Rising concerns over use of chemical fertilizers and pesticides in agricultureis driving market growth,with a trend towardsrising popularity of organic farming. However,lack of awareness of microbial agricultural inoculants among farmers poses a challenge. Key market players include AquaBella Organic Solutions LLC, BASF SE, Bayer AG, BIO CAT Inc., Bioceres Crop Solutions Corp., Corteva Inc., Evogene Ltd., Groundwork BioAg, Hello Nature Inc., IAB Investigaciones y Aplicaciones Biotecnologicas, Imex Agro, Kemin Industries Inc., Lallemand Inc., Mycorrhizal Applications, New Edge Microbials Pty Ltd., Novozymes AS, Premier Tech Ltd., Queensland Agricultural Seeds, Soil Technologies Corp., and Verdesian Life Sciences LLC.

WEST SACRAMENTO, Calif., Feb. 7, 2025 /PRNewswire/ -- Sierra Northern Railway (SNR), a division of Sierra Railroad Company, has announced its acquisition of the assets of RailPowerLLC,agroundbreakingsteptowardrevolutionizingrail transportation with clean energy solutions. SNR, already a leader in hydrogen-fueled locomotivetechnology andtheownerofthelargestRailPower locomotivefleetinAmerica, is poised to integrate RailPower's hybrid innovations with its hydrogen expertise.

OSLO, Norway, Feb. 7, 2025 /PRNewswire/ -- Scope has announced that they put Elkem's BBB- issuer rating under review for a possible upgrade.

OSLO, Norway, Feb. 7, 2025 /PRNewswire/ -- Scope has announced that they put Elkem's BBB- issuer rating under review for a possible upgrade.

WASHINGTON, Feb. 7, 2025 /PRNewswire/ --The International Association of Bridge, Structural, Ornamental, and Reinforcing Iron Workers strongly condemns the Trump administration's illegal firing of NLRB (National Labor Relations Board) Chair Gwynne Wilcox. This action violates the National Labor Relations Act, which requires a hearing for removal due to neglect of duty or misconduct. Chair Wilcox was not given a hearing, and there is no reason to question her ability to perform her duties.

New annualized rate is $2.84 per share

WASHINGTON, Feb. 7, 2025 /PRNewswire/ -- Crowell & Moring partner Tyler O'Connortestified before the U.S. House of Representatives Energy and Commerce Committee on expanding domestic American energy production.

WENZHOU, China, Feb. 7, 2025 /PRNewswire/ -- ZK International Group Co., Ltd. (Nasdaq: ZKIN) ("ZK International" or the "Company"), a leading engineering Company focused on high-performance steel products, announces that its previously scheduled shareholder conference call, originally planned for February 7, 2025, has been cancelled and the company will reschedule the event at a later date.

Liberty Farms Solar affirms Consumers Energy's commitment to clean, reliable, and affordable energy while creating jobs and bettering local economies

WINDHOEK, Namibia, Feb. 7, 2025 /PRNewswire/ -- Custos Energy (Pty) Ltd. ("Custos" or the "Company") is pleased to announce the completion of the previously announced farm-in by Chevron Namibia Exploration II Limited, a subsidiary of Chevron Corporation, ("Chevron") into Petroleum Exploration License 82 ("PEL 82").The transaction provides for an 80% participating interest and operatorship for Chevron, with each of Custos and the National Petroleum Company of Namibia ("NAMCOR") retaining 10% interests.

SAN DIEGO, Feb. 7, 2025 /PRNewswire/ -- On June 7, 2024, the Superior Court of California, County of San Diego certified a class action lawsuit alleging that the City of San Diego ("Defendant") used wastewater rate revenues to subsidize the Industrial Wastewater Control Program ("IWCP"). The class action seeks monetary and injunctive relief on behalf of Plaintiffs and all other customers who paid wastewater rates to Defendant. No trial has occurred yet on Plaintiffs' allegations.

NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The globalspecialty chemicals market size is estimated to grow by USD 383.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 6.7% during the forecast period. Increasing demand for specialty chemicals from agrochemical industryis driving market growth,with a trend towardsgrowing demand for bio-based chemicals. However,stringent regulations and policies towards specialty chemicals poses a challenge. Key market players include Albemarle Corp., Ashland Inc., BASF SE, Beardow and Adams Adhesives Ltd., Clariant International Ltd., Danimer Scientific Inc., Dymax Corp., Evonik Industries AG, Exxon Mobil Corp., H.B. Fuller Co., Henkel AG and Co. KGaA, Huntsman Corp., Lanxess AG, Nouryon Chemicals Holding B.V., PPG Industries Inc., Prince International Corp., Saudi Arabian Oil Co., Shree Ganesh Remedies Ltd., Solvay SA, and The Dow Chemical Co..

NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The globalforklift trucks market size is estimated to grow by USD 26.88 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost7.7% during the forecast period. Rapid growth in construction sectoris driving market growth,with a trend towardsfuel cell-powered forklift trucks. However,shortage of skilled operators poses a challenge. Key market players include Anhui Heli Co. Ltd., BYD Co. Ltd., Cargotec Corp., Caterpillar Inc., CLARK Material Handling Co., Crown Equipment Corp., CVS FERRARI Spa, Dana Inc., EP Equipment Co. Ltd., Hoist Material Handling Inc., Hyster Yale Materials Handling Inc., Jungheinrich Group, KION GROUP AG, Komatsu Ltd., Konecranes, Manitou BF SA, Mitsubishi Heavy Industries Ltd., Royal Terberg Group BV, Sany Group, and Toyota Industries Corp..

NEW YORK, Feb. 7, 2025 /PRNewswire/ -- Report on how AI is driving market transformation - The globaldigital transformation market in oil and gas industry size is estimated to grow by USD 56.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 14.5% during the forecast period. Rrise in investments and partnershipsis driving market growth,with a trend towardsuse of digital twin technology. However,lack of skilled labor poses a challenge. Key market players include Accenture PLC, Amazon.com Inc., AVEVA Group Plc, Emerson Electric Co., General Electric Co., Halliburton Co., Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp, NVIDIA Corp., Oracle Corp, Rockwell Automation Inc., SAP SE, Siemens AG, Sierra Wireless Inc., Tata Consultancy Services Ltd., Teradata Corp., and TIBCO Software Inc..

SHANGHAI, Feb. 8, 2025 /PRNewswire/ -- SANY Group, a leading construction machinery manufacturer, has made history by securing the 468th position on the prestigious 2025 World's Top 500 Brands list, as revealed by the GYBrand Global Brand Research Institute. This marks SANY's first-ever appearance on the esteemed list, distinguishing it as the only engineering machinery company to be included. This achievement underscores SANY's position as a frontrunner in the global business landscape.