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Biden Bets Big on Wind Power Ahead of Climate Summit
Category: Business News
President Biden is betting big on wind power to demonstrate U.S. climate commitments ahead of an international summit that starts in just over two weeks. The Biden administration has set a goal of cutting U.S. carbon emissions in half by 2030, in addition to boosting offshore wind energy. Under the roadmap announced by administration officials this […]
Source: The Hill
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Equinor Launches a Multibillion-Dollar Blue Hydrogen Plan
Category: Business News
OSLO (Bloomberg) –Equinor ASA, the flagship producer of oil and gas giant Norway, is investing billions of dollars in blue hydrogen on a bet that it can make the fuel more cleanly than anyone else. The state-controlled oil firm is among energy companies across Europe stepping up plans for hydrogen as mounting pressure to fight […]
Source: World Oil
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Norway 2021 Licensing Round Attracts Bids From 31 Oil Firms
Category: Business News
OSLO, Sept 15 (Reuters) – A total of 31 oil companies have submitted bids for exploration acreage offshore Norway in a so-called predefined areas (APA) licensing round, the country’s energy ministry said on Wednesday. Read full article.
Source: Reuters
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DNV’s Energy Transition Outlook 2021 Offers an Independent View of Oil and Gas Through 2050
Category: Business News
This week DNV made a live presentation of their Energy Transition Outlook 2021. This offered a forecast of things to come from an independent and reliable company. Oil and gas readers can get a better feel for the global role of government policy, the rate of changeover from fossil power plants to renewables, future oil […]
Source: Forbes
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Norwegian Government Proposes Overhaul of Petroleum Tax System
Category: Business News
OSLO, Aug 31 (Reuters) – Norway’s government has proposed overhauling taxation of its oil and gas firmsby scrapping some incentives, it said in a surprise announcement on Tuesday, further heating up a pre-election debate over the future of the country’s top industry. If passed by parliament, the proposals would remove deductions that some economists say […]
Source: Reuters
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