NEWS

Energy

LNG to Play a Leading Role in the Energy Transition ABS Chairman, President and CEO Tells USCG Leaders

Category: Business News

(HOUSTON) The critical role of LNG in meeting shipping’s decarbonization goals was detailed by Christopher J. Wiernicki, ABS Chairman, President and CEO in a keynote speech to U.S. Coast Guard (USCG) leaders at the Liquefied Gas and Alternative Fuels Senior Executive Forum. “We are going to have to begin to balance what we’re facing today, […]

Source: ABS


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Equinor: Gas discovery in the Norwegian Sea

Category: Business News

Equinor and partners Wintershall Dea and Petoro have made a commercial gas discovery in production licence 1128 estimated at between two and eleven billion standard cubic metres of recoverable gas, or about 12.6-69.2 million barrels of oil equivalent. Exploration wells 6605/1-2 S&A in the Norwegian Sea were drilled by the Deepsea Stavanger drilling rig. The […]

Source: Equinor


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Norway’s $30 Billion of Projects to Sustain Gas Flow to 2026

Category: Business News

Norway will be able to sustain gas production at last year’s elevated level until at least 2026 thanks to 300 billion Norwegian kroner ($30 billion) of investment in new offshore fields. “Only rarely have we seen so much oil and gas produced on the Norwegian shelf as was the case last year – and only […]

Source: Bloomberg


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Norway’s Hydro plans wind farm to power industrial plants

Category: Business News

OSLO, Dec 19 (Reuters) – Norwegian aluminium maker Norsk Hydro (NHY.OL) and two partners said on Monday they plan to build an onshore wind farm costing between 3 and 4 billion Norwegian crowns ($304 million-$405 million) on Norway’s west coast. The plant, if approved, would have output of 1 terrawatt hour (TWh) of electricity, providing renewable power […]

Source: Reuters


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Equinor wins commercial-scale lease in California – deepens leading floating offshore wind position

Category: Business News

San Francisco, California – As provisional winner of a lease area on the Outer Continental Shelf off California, Equinor continues to lead the way in growing the US’ offshore wind industry. Five leases were offered by the Bureau of Ocean Energy Management (BOEM) in thefirst-ever offshore wind lease sale on the US west coast and […]

Source: Equinor


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