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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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Graft: US chairman of Norwegian player a ‘suspect’ in ongoing probe, as DoJ begins separate inquiry
Category: Business News
Another top executive at Oslo-listed PetroNor E&P has been caught up in a graft investigation being carried out by the Norwegian authorities, while the US Department of Justice has now also started it own probe. In December 2021, chief executive Knut Sovold and another unnamed individual were detained by Okokrim, Norway’s National Authority for the […]
Source: UpStream
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Drilling operations start on Cambozola exploration well in Norway
Category: Business News
Longboat Energy, an emerging full-cycle North Sea E&P company, announced the commencement of drilling operations on the Cambozola exploration well (Company 25%) in Norway. Cambozola is the primary prospect located in the PL1049/PL1049B/PL1049C licenses in the Northern North Sea, in an area with significant existing infrastructure and just c. 30 km (18.6 mi) northwest of […]
Source: WorldOil
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