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Norway will keep momentum for well drilling, natural gas in 2025, Directorate says
Category: Business News
Norway’s oil and gas companies delivered record levels of natural gas in 2024 and will drill a similar number of exploration wells this coming year, in a push to offset production declines later in the decade. Some 40 wells are due to be drilled in 2025, on par with the 42 drilled last year, the […]
Source: World Oil
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California’s first carbon capture and storage project approved by the EPA
Category: Business News
California received permission to move forward with a project that would inject carbon dioxide into the state’s deep rock formation using a technology that has long tantalized the fossil fuel industry but has yet to break through. The Environmental Projection Agency approved California’s first carbon capture and storage project in Kern County, the state’s hub […]
Source: World Oil
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Carter leaves influential energy, environmental legacy
Category: Business News
Former President Carter, who died Sunday at the age of 100, left behind a history of pioneering energy and environmental policy. In his single term in the Oval Office, Carter took a range of actions on issues that remained influential long after his presidency ended, from imposing new wilderness protections to creating the federal Department of Energy […]
Source: The Hill
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Solar parts maker NorSun ends Norway ops, shifts focus to US
Category: Business News
Norwegian solar ingot and wafer maker NorSun has decided to cease domestic operations, citing the impact of low-cost imports from China and Southeast Asia, and will shift its focus to the US where it is readying a 5-GW factory. “The discontinuation of our operations in Norway is a result of oversupply and lack of regulations in […]
Source: Renewables Now
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FREYR to buy Trina Solar’s 5GW solar module facility in Texas, US
Category: Business News
The $340m transaction will close by the end of 2024. FREYR Battery has agreed to take over Trina Solar’s 5GW solar module manufacturing facility in Wilmer, Texas. The $340m transaction will close by the end of 2024, subject to customary conditions and the completion of a preferred stock issuance. Trina Solar will receive $100m in […]
Source: Power Technology
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