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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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Halliburton to Provide Petroleum Data Management Platform for Norwegian Petroleum Directorate
Category: Business News
Halliburton Company (NYSE: HAL) today announced it signed an eight-year contract with the Norwegian Petroleum Directorate (NPD) to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry. Halliburton Landmark will deliver Diskos 2.0 using DecisionSpace® 365 cloud services in iEnergy® – the industry’s first […]
Source: Business Wire
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Norway’s Equinor to Stay in U.S. Lobby Group Following Climate Policy Shift
Category: Business News
Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy. However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great […]
Source: Reuters
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