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Energy

Empire Wind selects Edison Chouest Offshore to provide plug-in hybrid service operations vessel

Category: Business News

Empire Offshore Wind, a joint venture between Equinor and bp, has awarded a long-term service operations vessel charter agreement to US marine transportation provider, Edison Chouest Offshore (ECO). The plug-in hybrid service operations vessel (SOV) will be the first in the US offshore wind sector capable of sailing partly on battery power. The vessel will […]

Source: Equinor


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ConocoPhillips plans $1.1 billion investments as Norway oil sector heats up

Category: Business News

SANDEFJORD, Norway, May 9 (Reuters) – ConocoPhillips (COP.N) submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns, the first of an expected rush of new petroleum projects to be launched in Norway this year. Read full article.

Source: Reuters


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OTC 2022: Department of Energy to boost investment in U.S. offshore wind development

Category: Business News

HOUSTON (WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of […]

Source: World Oil


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Extending contracts for drilling and specialist services worth NOK 20 billion

Category: Business News

Equinor is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS). At the same time the company is extending its contracts for additional services with the same companies and 13 other suppliers. The contracts will apply […]

Source: Equinor


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Norway Faces Pressure to Curb Power Exports as Prices Surge

Category: Business News

(Bloomberg) — The Norwegian government is facing increasing calls to curb electricity exports to the continent as power prices jump at home.  The uncertainty over coal and gas supplies from Russia has sent power prices soaring across Europe, which is making the cheap Norwegian hydro electricity even more attractive. Exports outside the Nordic market are […]

Source: Bloomberg


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