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Halliburton announces tariff impact on drilling, frac operations
Category: Business News
(Bloomberg) – Halliburton Co., the world’s largest provider of hydraulic fracturing services, fell sharply after warning investors that tariffs will impact a wide swath of the company’s business units. The dominant North American oil field services provider told investors Tuesday on a conference call that tariffs will have an impact of 2 to 3 cents […]
Source: World Oil
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Norway’s offshore wind suppliers remain committed to US market
Category: Business News
Despite uncertainty about US markets, one thing is for sure: Norwegian companies still believe in both short-term and long-term opportunities in US offshore wind. Norwegian offshore wind suppliers, including Autronica, DOF and Uptime International, are forging ahead with plans to expand their activities in the US. New offshore wind technology to be introduced DOF plans […]
Source: Offshore WIND
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Ripple effects from Equinor in Norway continue to grow
Category: Business News
A new report finds that deliveries within exploration, development projects and operation of Equinor-operated fields and onshore facilities in Norway continued to grow in 2024. Equinor procured goods and services with a total value of NOK 142.6 billion, an increase from 134 billion in 2023. 93 per cent of this came from Norwegian suppliers located […]
Source: Equinor
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Norway’s $8 billion Johan Castberg offshore development begins oil production
Category: Business News
(Bloomberg) — Norway’s 86 billion kroner ($8.1 billion) Johan Castberg oil development in the Barents Sea has started pumping, the second major field to begin operations in the country’s Arctic waters. The project, developed by Equinor ASA and partner Var Energi ASA, will reach peak production of about 220,000 barrels of oil a day, Equinor […]
Source: World Oil
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Equinor: Investing NOK 7.5 billion in expansion of the groundbreaking Northern Lights CCS-project
Category: Business News
Equinor, Shell and TotalEnergies have made a final investment decision (FID) to progress phase two of the Northern Lights development. The decision was made after signing a commercial agreement with Stockholm Exergi to transport and store 900.000 tonnes of biogenic CO2 annually for 15 years. Read full article.
Source: Equinor
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