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Energy

Norwegian Government Proposes Overhaul of Petroleum Tax System

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


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ABS Brings Together Leading Industry Players to Tackle Safety Challenge of Aging FPSO Fleet

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


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Green Ammonia from HEGRA to Secure Norwegian Competitiveness

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


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New Offshore Wind Projects Poised to Contribute to Energy Transition

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


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U.S. Steel, Norway’s Equinor Eye Clean Hydrogen Production

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


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