NEWS

Equinor acquires stake in Bayou Bend CCS Project

Category: Business News

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 […]

Source: Equinor

Published: September 22, 2023

Exxon CEO Tells Europe to Follow US Approach to Climate Action

Category: Business News

European leaders looking to tackle climate change should look to US policy and “let the market work” to avoid driving companies away with prescriptive regulations, Exxon Mobil Corp. Chief Executive Officer Darren Woods said. “I think it’s a huge mistake to be picking winners and losers and focusing on specific technologies,” Woods told the CEO Norway’s […]

Source: Bloomberg

But with title Clean Energy Sector Debates Impact of GOP Efforts to Repeal IRA Tax Credits

Category: Business News

Republican attacks on the Inflation Reduction Act’s clean energy tax credits may be negatively impacting the sector, some industry players and experts say.  They say the GOP’s efforts to eliminate the subsides risks creating uncertainty for investments — especially with potential financial backers nervously looking ahead to next year’s elections.   “It definitely creates uncertainty […]

Source: The Hill

Norwegian government approves Aker BP development plans in North Sea

Category: Business News

(WO) —The Storting, Norway’s legislative body, has approved Aker BP’s plans for development and operation of the Yggdrasil area and Fenris, as well as further development of Valhall. “With this decision, the Storting has said yes to thousands of jobs and great value creation in Norway. I am proud of what we will deliver together […]

Source: WorldOil

Halliburton acquires Norwegian tech company to enable DecisionSpace 365 reservoir modeling, optimization

Category: Business News

(WO) – Halliburton Company has acquired Resoptima AS, a Norwegian technology company that specializes in data-driven reservoir management. This strategic acquisition will integrate the industry-leading reservoir modeling and predictive analytics of Resoptima into the Halliburton Landmark DecisionSpace 365 suite. Resoptima provides technology solutions that enhance oil and gas operators’ ability to harness data for reservoir […]

Source: WorldOil