Carbon costs hit shipping balance sheets as $50bn era looms

Carbon pricing in shipping is no longer an abstract regulatory concept — it’s a growing commercial cost that is reshaping balance sheets across the maritime value chain. In 2025, emissions trading under the EU ETS alone is expected to add more...

Balder and other Norwegian fields boost operator's production

New field start-ups have boosted Norwegian independent Vaar Energi's third-quarter oil and gas production to record company levels, with a further increase expected in the next quarter. Vaar said in a trading update ahead of its releasing its full...

Corvus Energy raises $60 million in growth capital

October 12, 2025 Corvus Energy, Bergen, Norway, has announced a $60 million growth capital investment led by Morgan Stanley Investment Management, with participation from Just Climate and J. Lauritzen. Corvus Energy, Bergen, Norway, has announced...

EnerGrid eyes $500 million fundraise to build greenfield energy projects

Mumbai: Enerica Regrid Infra Pvt Ltd (EnerGrid), the newly launched platform for greenfield transmission and battery energy storage projects, is planning to raise around $450-500 million (₹3,992-4,436 crore) to build new greenfield projects, said...

Trump has engineered the Middle East’s most promising opening for peace in decades

Donald Trump believes he deserves one too, claiming to have “ended seven wars.” But that claim wilts under scrutiny.Egypt and Ethiopia were arguing over water - there was no fighting. Pakistan and India had a brief flare-up over Kashmir, not a...

Norway promotes investments to India to meet free trade pact goals

Norwegian Ambassador May-Elin Stener | Photo Credit: RAGU R October 12 Norway is promoting India as an investment destination for its private sector by engaging with states such as Tamil Nadu, Kerala and West Bengal as the free trade pact between...

Belgian air defense manufacturer reports increase in number of unidentified drones over its facilities

One of the largest European companies producing air defense systems, Thales Belgium, reported that unidentified drones are increasingly flying over its facilities. This is reported by Politico. The companyʼs director, Alain Kevrin, said the number...

EU launches climate and energy initiative in Bangladesh

The European Union (EU) has launched the expanded Team Europe Initiative on Climate and Energy in Bangladesh, aiming to strengthen climate mitigation—especially in the energy sector—and climate adaptation, officials said. EU Ambassador Michael...

Why Norway Said No To The World’s First Ship Tunnel

It was hoped that Norway's coastal cruise ferries would use the proposed Stad Ship Tunnel. Kystverket / Multiconsult / Link Arkitektur Norwegian prime minister Jonas Gahr Støre confirmed this week that the country’s long-discussed Stad Ship Tunnel...

Michael Smolens: California continues pursuit to harness elusive wave energy

The potential to generate clean, renewable energy from the ocean is vast, possibly rivaling wind and even solar power. Yet research and development of harnessing waves and tides for electricity have lagged behind other alternative forms of energy....

Volodymyr Zelenskyy Hails United States Leadership in Middle East Peace as Ukraine Bolsters Energy Defenses Amid Russian Assaults

ISTANBUL — Ukrainian President Volodymyr Zelenskyy expressed profound gratitude to U.S. President Donald Trump on Saturday for his pivotal role in securing a groundbreaking ceasefire in the Middle East, while revealing details of a "very...

Police disperse pro-Palestinian activists outside Israel vs Norway match

Norwegian police on Saturday dispersed a gathering of pro-Palestinian activists with tear gas and made several arrests in Oslo during Israel's defeat to Norway in a World Cup qualifier, according to AFP journalists. Norway won the match 5-0 at the...

Harbour limbering up for important well in its Norway growth plan

Harbour Energy is standing by to drill its only operated exploration well in Norway this year, although the company also has non-operated wells on its 2025 hit-list. The Norwegian Offshore Directorate granted Harbour approval to drill the Camilla...

Signing of MoU to establish Tunisia-Norway Business Council

A delegation from the Tunisian Confederation of Industry, Trade, and Handicrafts (UTICA), led by its President, Samir Majoul, participated in the signing ceremony for a memorandum of agreement to establish the Tunisia-Norway Business Council on...

Trump continues to battle global green shipping push

That’s putting pressure on the EU to take a more active role. The key ask from industry is for Brussels to be clear that if the IMO succeeds in bringing in its own system, called the Net-Zero Framework, then shippers won’t also be faced with fees...

EU entry-exit system: what do travel industry heavyweights think will happen?

Your support helps us to tell the story From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our...

Norway, Netherlands to help Ukraine restore energy infrastructure – Zelensky

President Volodymyr Zelensky announced agreements with Norway and the Netherlands to support the restoration of Ukraine’s energy systems following Russian attacks. Ukrinform reports that the President shared this in a Telegram post summarizing a...

Norwegian Officials Probe Major Polymarket Bets on Nobel Peace Winner

Norwegian officials are investigating a potential leak after large bets were placed on the Nobel Peace Prize outcome on Polymarket just hours before it became public. Venezuelan opposition leader Maria Corina Machado, who won the 2025 Nobel Peace...

Why Zim must tax the conglomerates, mining firms and banks more

Why Zim must tax the conglomerates, mining firms and banks more In an era of rising global economic inequality and shifting geopolitics, a central debate continues to be amplified: are large corporations, particularly in extractive industries and...

Triathlon-Norway's Lovseth wins final standalone women's Ironman World Championship

Norwegian Solveig Lovseth pulled off a dramatic finish at the Ironman World Championship on Saturday, overtaking American Taylor Knibb on the final climb of the run to seal victory in eight hours, 28 minutes and 27 seconds, in the last standalone...