NEWS

Energy

Equinor strengthens its position in the Norwegian Sea

Business

Category: Energy

Equinor and Faroe Petroleum have agreed on a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS). These transactions are calibrated as a balanced swap when it comes to value with no cash consideration. “The net effect of our agreement with Faroe is to upgrade Equinor’s […]

Source: World Oil


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Equinor has awarded wired drill pipe contracts to NOV and Schlumberger

Business

Category: Energy

Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalization strategy and to prepare for automated drilling. Photo: Intelliserv. The wire inside the drill pipe allows high-speed data transfer. NOV and Schlumberger have been awarded corporate frame agreements for global deliveries […]

Source: World Oil


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Equinor receives green light for a uniquely profitable project

Business

Category: Energy

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.  Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050. A unique oil and gas field globally Troll generates highly important to value for […]

Source: World Oil


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Johan Castberg construction begins at Stord, says Equinor

Business

Category: Energy

Norwegian minister of petroleum and energy, Kjell-Børge Freiberg, will start cutting the first sheet for the topside of the Johan Castberg vessel at Kværner’s yard at Stord. The construction will create major ripple effects throughout Norway. “Johan Castberg is the next major development on the Norwegian continental shelf and will open a new area in […]

Source: WorldOil


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U.S. Department of Energy awards study of bifacial PV technology, which could prove a 10% increase in energy output

Business

Category: Energy

DNV GL, the world’s largest resource of independent energy experts and certification body, announced that it was selected to receive a USD 200,000 award from the U.S. Department of Energy (DoE) Solar Energy Technologies Office (SETO) for a photovoltaic (PV) research project of bifacial PV technology.  Bifacial PV modules have the potential to increase energy […]

Source: DNV GL


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