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
Category: Business News
HOUSTON – ABS has brought together leading companies in the Floating Production Storage and Offloading (FPSO) sector to address the safety challenges produced by a fleet where more than half of the ship type vessels are over 30 years old, and a quarter are over 40 years old. The working group, consisting of Chevron, Shell […]
Source: World Oil
Category: Business News
Herøya, Norway, 16 August 2021, 07:30 CET: Today the company HEGRA is launched at Herøya, Porsgrunn, with former Statnett CEO, Auke Lont as Chairman. The company aims to electrify and decarbonize the ammonia plant at Herøya, enabling large-scale green ammonia production. «HEGRA» is short for HErøya GReen Ammonia, and is co-owned by Yara, Aker Clean […]
Source: GlobeNewswire
Category: Business News
Power generation from offshore wind turbines is projected to increase 700% over the next 10 years. Developing local supply chains in Europe and the U.S. will increase efficiency, reduce costs and help drive a green recovery, post-Covid-19. Global offshore wind capacity is set to surge to over 234 GW by 2030, from 29.1 GW at […]
Source: World Oil
Category: Business News
OSLO, June 29 (Reuters) – Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday. The companies have signed a memorandum of understanding to assess the technological and commercial possibilities for hydrogen and carbon capture and storage (CCS) and screen […]
Source: Reuters