“President, Representatives of the People. I greet the Storting as it takes up its solemn responsibilities with the wish that the fulfilment of these duties will be of benefit to our country.”
Read the full speech HERE
“President, Representatives of the People. I greet the Storting as it takes up its solemn responsibilities with the wish that the fulfilment of these duties will be of benefit to our country.”
Read the full speech HERE
Secretary Blinken stated that yesterday’s “signing of this Memorandum of Cooperation demonstrates a shared commitment to economic security in both a timely and tangible way. Developing secure, transparent critical mineral supply chains is essential if we’re going to achieve our global clean energy goals, but it’s also an essential aspect of our national security.”
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Baker Hughes announced two awards from Vår Energi that expand its regional presence in the North Sea for exploration logging, well intervention technology and subsea production systems.
The first contract, a nine-year engagement, is a testament to Baker Hughes’ heightened well intervention capabilities gained through the strategic acquisition of Altus Intervention completed in April 2023.
In addition to the interventions scope, Baker Hughes will supply all exploration logging solutions to help Vår Energi further develop their prospects in the Norwegian Continental Shelf. The agreement enables a seamless integration of Baker Hughes’ market-leading technologies into the wider operations of Vår Energi, enabling a powerful impact to their carbon reduction efforts.
The second contract with Vår Energi is to deliver a bespoke Balder field vertical tree system, a Baker Hughes technology selected for the complexities of this field.
This agreement spans 15 years, signifying a trusted long-term Future Agreement (FA) in one of Vår Energi’s core focus areas, the Balder field. The contract includes the support for existing Balder legacy wells and any future developments in the Balder area. This pivotal engagement is anchored by Baker Hughes’ distinct Norway delivery model, a multimodal site in Dusavik, Stavanger, that ensures a forward-looking local future for Norway’s oil and gas industry.
“The two long-term contract awards from Vår Energi enable us to deploy our superior portfolio not only in well intervention, but also in exploration logging and subsea production. Combining our technology, our exceptional regional expertise, and our dedication to a world-class customer experience ensures successful outcomes for both companies,” said Maria Claudia Borras, Executive Vice President, Oilfield Services & Equipment at Baker Hughes.
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Lecture by the Minister of Foreign Affairs of Norway, Anniken Huitfeldt held at Luther College, Iowa. September 23, 2023
Thank you, Dr. Johnson, for your welcoming words,
I am very pleased to be here at Luther College. A college founded by Norwegians more than 160 years ago. Its first president was Peter Laurentius Larsen – Laur Larsen. He was born in the town of Kristiansand on the southern coast of Norway in 1833. When Larsen grew up, Norway was among the poorest countries in Europe.
And many left for America. Some of them returned home, but the majority of them settled in this new land. Most of them here in the Midwest. Looking for opportunities and a better life.
Such as Niels Johnsen Kaasa from Heddal in Telemark. He left Norway in 1839 and eventually settled in Winnishiek County, Iowa. He ended up as a pastor here in Decorah.
I can imagine the young Niels Kaasa sitting on the top of a hill in his native Telemark in 1839 – before he left for the U.S. Looking out over the village, the valleys, and the countryside.
And what he saw was mostly misery. Poverty. He saw people with small or no chances of social mobility. If you were born poor then, you were destined to become poor for the rest of your life. He saw no hope. No future.
Then I imagine that same Niels Kaasa sitting on top of that same hill in Telemark today. Looking out over the same village, valleys, and countryside. What he would have seen? How he would have reacted? He would have seen much the same landscape, but a completely different country.
He would have seen a country with opportunities. Prosperity. Hope.
He would have seen people with equal chances of social mobility, whether they are born rich or poor. Black or white. Girl or boy. Educated people with all the possibilities in the world to pursue a good life.
Now, Norway is not unique in that sense. Many European countries from where people emigrated, and perhaps in particular the Nordics, have been through a similar transformation. From poverty to prosperity. And although there are many reasons and explanations for that journey, the most important one, I think, can be summed up in one word: Trust.
Trust between people. Trust between rulers and those who are ruled. Trust in the government due to trust in the system of governance.
And I should also add: Trust between nations.
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Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas.
“Commercial CCS solutions are critical for hard-to-abate industries to meet their climate ambitions while maintaining their activity. Entering Bayou Bend strengthens our low carbon solutions portfolio and supports our ambition to mature and develop 15-30 million tonnes of equity CO2 transport and storage capacity per year by 2035. Our experience from developing carbon storage projects can help advance decarbonization efforts in one of the largest industrial corridors in the US,” said Grete Tveit, senior vice president for Low Carbon Solutions in Equinor.
Bayou Bend is positioned to be one of the largest CCS solutions in the US for industrial emitters, with nearly 140,000 gross acres of pore space for permanent CO2 sequestration and gross potential storage resources of more than one billion metric tons. The Bayou Bend total acreage includes nearly 100,000 gross acres onshore in Chambers and Jefferson Counties, Texas, and approximately 40,000 gross acres offshore Beaumont and Port Arthur, Texas.
“We look forward to working together with our partners to further mature this exciting project. Bayou Bend is Equinor’s first announced low carbon solutions project on the Gulf Coast. Alongside our upstream production and offshore wind developments, we’re strengthening our position as a broad energy company and expanding our footprint in the Gulf region,” said Chris Golden, senior vice president and US Country Manager. “Bayou Bend is a significant milestone towards growing our low carbon portfolio in the US.”
Bayou Bend is a joint venture between Chevron U.S.A. Inc., through its Chevron New Energies division, Talos Energy Inc., through its Talos Low Carbon Solutions division, and Equinor. Equinor acquired its 25 percent share through the purchase of Texas Carbon 1 LLC, a subsidiary of Carbonvert. Chevron is the operator with 50 percent interest, and Talos holds 25 percent interest.
Read full story HERE.