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Kvaerner awarded contract for HOD

9 June 2020 – Today Aker BP has awarded Kvaerner the contract for delivering the topside and steel substructure for the normally unmanned wellhead platform at the Hod field. This is the second project in the wellhead platform alliance, which was established between Aker BP, Kvaerner, ABB and Aker Solutions. The contract is an important part of Kvaerner’s strategy to be the leading supplier of cost efficient, unmanned platforms. The contract has a value of approx. NOK 1 billion for Kvaerner.“After a very demanding spring, we are very pleased that we, together with our alliance partners now

Tax changes trigger new investments

A broad political majority in Norway has announced an agreement to make temporary changes to the Norwegian petroleum tax system. The changes will strengthen Aker BP’s investment capacity and help to unlock new field development projects. This will contribute to higher activity and increased value creation for Aker BP, its suppliers and the Norwegian society at large.  The Hod development in the Valhall area is the first project to be launched as a direct result of the tax changes. This project benefits from the experience and competence gained from the recently completed development of

Swedavia’s traffic statistics for May 2020

In May, more than 80,000 passengers flew via Swedavia’s ten airports, a full 98 per cent decrease compared to the same month in 2019, when there were a total of 3,600,000 passengers. For the second straight month, results were affected by the full impact of the COVID-19 coronavirus pandemic. This trend is also expected to continue in June although there are some signs of a restart with the easing of travel restrictions. In May, Swedavia’s airports had a total of 53,000 international passengers and 28,000 domestic passengers, a 98 per cent decrease in both international and domestic

Valmet to supply automation to a gas clean-up system at Viridor’s site in Scotland, UK

Viridor Dunbar [Valmet will supply automation to a gas clean-up system at Viridor’s Dunbar Landfill site in Scotland, UK. The system allows the successful capture of CO2 and transforms landfill gas into transport fuels.] Valmet will supply automation to a gas clean-up system at Viridor’s Dunbar Landfill site in Scotland, UK. The system allows the successful capture of CO2 and transforms landfill gas into transport fuels. Valmet Oyj’s trade press release on June 9, 2020 at 11:00 a.m. EET Valmet will supply automation to a gas clean-up system at Viridor’s Dunbar Landfill site in

Liquid Wind gains strong support for electro-fuel

The Swedish Power-to-Fuel company has successfully raised over 2.7M SEK (260k EUR) through crowdfunding. Over 250 individuals have now invested in Liquid Wind to support the development of carbon neutral fuel facilities and accelerate the transition from fossil fuels. Large logistics and transportation companies have expressed interest in using the fuel to achieve their sustainability goals. The sustainable fuel project is supported by an expert consortium, including Haldor Topsoe, Siemens Energy and Carbon Clean.Cargo Ship which can be powered by carbon neutral eMethanol.

Water repellent WISA-SpruceWR facilitates construction in varying humidity conditions

UPM's WISA-SpruceWR [The water repellent Surface of WISA-SpruceWR slows doen the absorption of moisture into the panel.] The water repellent Surface of WISA-SpruceWR slows doen the absorption of moisture into the panel. Water repellent WISA-SpruceWR facilitates construction in varying humidity conditions (UPM, Helsinki, 9 June 2020 at 11:00 EET) – UPM Plywood introduces a new water repellent WISA-SpruceWR plywood that enables efficient and effortless construction even in changing weather and humidity conditions. The water repellent yet breathable surface of WISA-SpruceWR slows

Heimstaden acquires real estate in Eskilstuna from Kommunfastigheter

"We are pleased and proud to announce the acquisition of a school property and 559 homes in Eskilstuna from municipal real estate company, Eskilstuna Kommunfastigheter AB. We have been very interested in establishing ourselves in Eskilstuna for a long period of time. It is one the most interesting municipalities in its area, with strong growth, which we look forward to contributing to going forward", says Kent Persson, Head of Public Affairs at Heimstaden.Based on the ownership directive for 2020, a decision was made in October 2019 by Eskilstuna Kommunfastigheter to sell the apartments and

Heimstaden acquires real estate in Eskilstuna from Kommunfastigheter

"We are pleased and proud to announce the acquisition of a school property and 559 homes in Eskilstuna from municipal real estate company, Eskilstuna Kommunfastigheter AB. We have been very interested in establishing ourselves in Eskilstuna for a long period of time. It is one the most interesting municipalities in its area, with strong growth, which we look forward to contributing to going forward", says Kent Persson, Head of Public Affairs at Heimstaden.BaBased on the ownership directive for 2020, a decision was made in October 2019 by Eskilstuna Kommunfastigheter to sell the apartments

Researchers put a price tag on alcohol use

Alcohol use disorders are associated with high social welfare and health care costs – but what causes them? A new Finnish study looks at the magnitude and reasons behind the economic burden alcohol use disorders have on society. Earlier studies have shown that alcohol use disorders lead to various health and social problems, which cause an increase in the need and use of various services. However, the magnitude and distribution of the related costs have not been studied before. Researchers at the University of Eastern Finland used a machine learning technique that is based on a

Clavister Appoints David Nordström as CFO

Örnsköldsvik, Sweden, June 9, 2020. Clavister, a leader in high-performance cybersecurity solutions, welcomes David Nordström as CFO to the company. Nordström is currently an authorized auditor having been with PwC in Stockholm since 2011. As main auditor for some ninety companies, Nordström has also been in charge of larger auditing projects towards publicly listed clients. Nordström will commence his new role at Clavister on October 1 when he joins the group management team at Clavister's headquarters in Örnsköldsvik. "I am delighted that David is joining Clavister and I’m convinced

Gula Skrinet AB to acquire Caterpillar Propulsion AB

Gula Skrinet AB has reached an agreement with Caterpillar Luxembourg Sarl to acquire Caterpillar Propulsion AB and its subsidiaries.  The sale is expected to close on June 30, 2020.  Caterpillar Propulsion AB, formerly Berg Propulsion AB, is a leading manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.The proposed acquisition includes Caterpillar Propulsion AB and its subsidiaries, including Caterpillar Propulsion Production AB, as well as Caterpillar Propulsion Pte. Ltd, its subsidiary Caterpillar Propulsion International Trading (Shanghai)

Fortum and Uniper Sweden sign an agreement on a dismantling project at Oskarshamn and Barsebäck nuclear power plants in Sweden

FORTUM CORPORATION PRESS RELEASE 9.6.2020 Fortum and Uniper Sweden have signed an agreement on a dismantling project at Oskarshamn and Barsebäck nuclear power plants in Sweden. Fortum was awarded the agreement in a competitive bidding process. Uniper is performing large scale decommissioning of four nuclear units in one common programme. The now awarded dismantling project includes dismantling of the turbine auxiliary systems, feed water systems and moisture separator reheaters. The work will be carried out at two power plants and altogether four units in Sweden: Oskarshamn units 1

New mobile app from SKF simplifies bearing mounting

A new mobile tool - SKF Bearing Assist app, simplifies the process of mounting and installing bearings and can be used by everyone in a maintenance organisationGothenburg, 09 June 2020: SKF has developed a new mobile app that simplifies the task of mounting and replacing bearings. SKF Bearing Assist app, developed together with customers, provides detailed mounting instructions for a comprehensive range of SKF bearings. It is suitable for use by all engineering and maintenance teams and will minimise the problems of incorrect mounting, reducing installation time and cost, and helping to

Lundbeck plans to refocus and reinvigorate Research & Development

As part of its Expand and Invest to Grow-strategy, Lundbeck plans to make changes to its organization in Research & Development (R&D). The initiative could lead to a reduction of around 130-160 positions (subject to consultation).H. Lundbeck A/S (Lundbeck) plans to optimize its R&D-organization to enhance the company’s ability to strengthen and advance its pipeline across all phases in an evolving neuroscience landscape. The plan follows Lundbeck’s Expand and Invest to Grow-strategy of expanding the company’s operating space and rebuilding its pipeline of potential new medicines to treat

Successful First Surface Ship and Submarine Firings of Saab Lightweight Torpedo

Saab has together with the Swedish Defence Materiel Administration (FMV) and Swedish Armed Forces conducted the first tests with the Saab Lightweight Torpedo (SLWT) from a corvette and a submarine.The tests are the first of its kind for the new torpedo and were undertaken during February and March 2020 at sea ranges outside Karlskrona, on Sweden’s east coast in the Baltic Sea. The tests were conducted from a Gotland-class submarine and from a Visby-class corvette. The purpose of the firings was to verify that the torpedo can be safely launched from the vessels, which also included

Covid-19 has resulted in a decline in financial wellbeing - rising bills and debt are increasing concerns

Today, Intrum publishes a whitepaper that outlines the financial impact of Covid-19 on private households across 24 European countries. The whitepaper provides an initial follow-up on the trends in increased economic pressure and decreased financial wellbeing reported in Intrum’s European Consumer Payment Report 2019*.The key findings from the whitepaper display additional financial challenges faced by private households in Europe. As expected, a general increase in financial stress is reported. However, one in three respondents say that the pandemic is having a positive effect on their

New report with 33 expert tips on circular IT management

The new report from TCO Development, the organization behind the global leading sustainability certification for IT products TCO Certified, explains how everyone who buys and uses IT products can implement circular and more sustainable practices. “Circular solutions are already available. We now need to use them,” says Clare Hobby, Global Purchaser Engagement Director at TCO Development.The report, Impacts and Insights: Circular IT Management in Practice , sets out how the circular economy helps solve many of the most pressing

UPM Raflatac unveils Rêverie 2 collection for high-end wine, spirits, and craft beverage labeling

(UPM Raflatac, Helsinki, 9 June 2020 at 10:00 EET) – UPM Raflatac announces the release of Rêverie 2, a new premium collection of unique, high-end labeling materials for wines, spirits, and craft beverages developed in response to the latest market trends and demands. The collection has been created in collaboration with UPM Raflatac’s partners to meet their expectations, and it enables innovative printing techniques and finishes. The collection includes a variety of FSC-certified materials (FSC-C012530) from sustainably managed forests as well as materials made from 100%

Restructuring implementation agreement - Update

Reference is made to the stock exchange notice May 29[th], 2020 where Solstad Offshore ASA ("SOFF") informed that credit committee approvals have been provided by a vast majority of the secured lenders participating in the restructuring of SOFF and its subsidiaries, and that remaining relevant secured lenders were expected to provide approvals within 5-10 days. SOFF is pleased to advise that the outstanding credit committee approvals from the relevant secured lenders have been granted, which means that the Restructuring Implementation Agreement which was entered into and announced on May

Scandion Oncology announces that the Clinical Trial Application for a pancreatic cancer study with chemotherapy and SCO-101 has been submitted to the Danish Medicines Agency and the Ethical Committee.

Scandion Oncology A/S (“Scandion Oncology”) is pleased to announce that a Clinical Trial Application (CTA) has been submitted to the Danish Medicines Agency and the Ethical Committee. A response is expected within 60 days.Pancreatic cancer is one of the most aggressive cancer forms with almost 75% of patients presenting with chemotherapy resistant disease. Due to this resistance, very few pancreatic cancer patients will be long-term survivors.  A drug that reverses chemotherapy resistance in pancreatic cancer and other cancer forms will obviously have a significant commercial potential.

SBB sells public office buildings for SEK 1,160m

Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) sells a large public office buildings portfolio to Offentliga Hus AB for SEK 1,160m. The properties included in the transaction comprise a total of approx. 55,300 sq.m. distributed among nine properties in Halmstad (seven properties) and Borås (two properties). The rental income amounts to approximately SEK 73 million. The portfolio comprises the properties Uranus 2 and Vulkanus 15 in Borås, together with Halmstad 6:48, Koljan 9, Rudan 5, Sankt Nikolaus 19, Slottet 4, Svartmunken 1 and Österskans 2 in Halmstad. The total agreed property

Cereno Scientific enters collaboration with University of Michigan

Cereno Scientific today announced that the company enters a collaboration agreement with the University of Michigan in Ann Arbor, USA. On behalf of Cereno Scientific, Dr. Michael Holinstat, who is active at the University, is to initiate preclinical studies with compounds from Cereno’s HDACi development program. The studies will begin in June and investigate anti-thrombotic properties using in vitro and in vivo model systems.“We welcome the collaboration with the University of Michigan and Mike Holinstat and are pleased that we are now further strengthening our preclinical expertise and

NextCell's phase II study is completed – a phase III is being prepared

NextCell Pharma AB ("NextCell") announces that the last patient now has left ProTrans-2, meaning the phase II trial with the drug candidate ProTrans for treatment of type 1 diabetes, is completed according to plan. Data will be compiled and analyzed by independent statistician to be presented during the third quarter.“NextCell is now preparing a phase III trial in order to reach the market as soon as possible, in case of a positive result of the phase II study”, says Mathias Svahn, CEO. NextCell's drug candidate, ProTrans ™, developed for the treatment of type 1 diabetes, has, in

MANDATORY NOTIFICATION OF TRADE - OPTIONS

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders. The options may be exercised in part or in full within three weeks following the official announcement of the financial results for the fourth quarter of 2019, first quarter of 2020 and second quarter of 2020. Pursuant to

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