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Equinor completes sale of its US onshore assets in the Bakken
Category: Business News
Equinor and Grayson Mill Energy have completed their transaction that was previously announced in February 2021. As a result, Equinor has divested all its operated and non-operated acreage in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, along with associated midstream assets, for a total consideration of around USD 900 million.
Source: Equinor
Published: May 19, 2024
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Equinor Submits Troll West Electrification Plan to Norwegian Authorities
Category: Business News
Equinor and partners Petoro, Shell, Total and ConocoPhillips have decided in favour of Troll West electrification, and today submit the plan for development and operation to the minister of petroleum and energy. The decision includes partial electrification of the Troll B platform and full electrification of Troll C in the North Sea. This will cut […]
Source: World Oil
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Electrification to Fight Climate Change: The Challenge of a Lifetime
Category: Business News
As the American Jobs Plan, President Biden’s $2.25 trillion infrastructure package proposes a $174 billion investment ‘’to win the EV [electric vehicle] market.” The goal of 500,000 charging stations across the U.S. by 2030 is big probably not ambitious enough. The American Energy Alliance, for instance, reports that “wouldn’t even amount to 50% of what is needed in […]
Source: Forbes
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How Norway Became Europe’s Biggest Power Exporter
Category: Business News
The world’s largest synchronous electricity network has allowed many European countries to make power trading a part of everyday grid balancing. Until now, France has usually acted as the grid’s largest exporter, thanks to its location and nuclear fleet. But in 2020, Norway rose above France to become Europe’s powerhouse. What changed in the two countries, and is this an anomaly or a trend?
Source: power-technology.com
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Chevron, in Deal with Norway’s Moreld, Becomes First Major US Oil Company to Invest in Offshore Wind Project
Category: Business News
Chevron is the first U.S. oil major to invest in offshore wind power after signing a deal with Norway’s Moreld to help develop the turbine technology of tech firm Ocergy, while European oil giants Shell, Equinor and Total have already waded deeply into offshore wind projects. “Offshore wind power is undergoing a period of rapid innovation […]
Source: Forbes
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