Category: Business News
The Norwegian Ministry of Energy offers 62 new production licenses on the Norwegian continental shelf in the APA 2023 licensing round. Last year, 47 licenses were awarded. – Awarding new licenses through the Awards in Predefined Areas is a pillar in the continued development of the Norwegian shelf. To see such great interest in further […]
Source: Regjeringen
Category: Business News
Norwegian oil and gas companies will drill more exploration wells this year as the country seeks to maintain its position as a key supplier to Europe. Between 40 and 50 wells are expected to be completed, up from 34 last year, the Norwegian Offshore Directorate said Thursday. More than half of the 23 wildcat wells undertaken last year […]
Source: Bloomberg
Category: Business News
Equinor and bp today announced an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind project in the US with potential generative capacity of 1,260 MW. This agreement reflects changed economic circumstances on […]
Source: Equinor
Category: Business News
An innovative project in Norway seeks to build what could become the world’s first ammonia-powered containership. The vessel, which they expect to enter service by 2026, will be built in a partnership between Norway’s North Sea Container Line and ammonia-producer Yara International and its subsidiary Yara Clean Energy with the support of the Norwegian Government […]
Source: Maritime Executive
Category: Business News
A new report from Menon Economics finds that Norwegian ports investing in offshore wind can generate NOK 8.4 billion in annual value and employ approximately 6,400 people by 2030. The report was commissioned by Norwegian Offshore Wind, Eksfin, Invest in Rogaland, Invest in Bergen, and Invest in Agder. It’s the first of its kind to […]
Source: Norwegian Offshore Wind