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Aker BP and OMV (Norge) AS have entered into a collaboration agreement for carbon capture and storage (CCS) and have been awarded a license in accordance with the CO2 Storage Regulations on the Norwegian Continental Shelf (NCS).

The MF Hydra is put into operation running on zero-emission hydrogen, which is groundbreaking in several ways. In addition to the major technology development, a great deal of work has also been done to develop rules and regulations to enable Norwegian passenger ships to run on hydrogen.

The global smart ports market is set to garner US$ 16 billion by 2033, surging ahead at 20.4% CAGR from 2023 to 2033. A smart port is an automated port that uses cutting-edge technologies such as artificial intelligence (AI), the internet of things (IoT), and blockchain to improve its operation.

As required by Congressional direction in the Inflation Reduction Act of 2022, the Bureau of Ocean Energy Management (BOEM) held Gulf of Mexico Lease Sale 259, which generated $263,801,783 in high bids for 313 tracts covering 1.6 million acres in federal waters of the Gulf of Mexico.

NKT has been awarded a supply contract for the delivery of the high-voltage DC on- and offshore export cable system to the Hornsea 3 project which is being developed by Ørsted. For NKT, the final order has an estimated contract value of approx. EUR 500m in market prices (approx. EUR 400m in std. metal prices).

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