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Norway Readies First Offshore Wind Tenders to Spur Oil Industry Transition
Category: Business News
Norway will press ahead with North Sea wind power this year, awarding its first development licences as it spurs the transition of its oil and gas industry and despite its already plentiful renewables supply. The government has earmarked two areas in the North Sea for up to 4.5 gigawatts of floating and bottom-fixed wind turbine […]
Source: Nasdaq
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Biden Administration Launches Major Push to Expand Offshore Wind Power
Category: Business News
The White House on Monday detailed an ambitious plan to expand wind farms along the East Coast and jump-start the country’s nascent offshore wind industry, saying it hoped to trigger a massive clean-energy effort in the fight against climate change. The plan would generate 30 gigawatts of offshore wind power by the end of the […]
Source: The Washington Post
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Leading Oil and Gas CEOs Fall in With Biden’s Climate Change Campaign
Category: Business News
Chief executives of some of the largest U.S. oil companies promised to collaborate with the Biden administration in its campaign against climate change during a meeting Monday with White House National Climate Adviser Gina McCarthy. The oil industry leaders pledged support for federal regulations explicitly limiting emissions of methane from wells and other oilfield equipment […]
Source: World Oil
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Equinor, Partners Make ‘Significant’ Oil Find in Mature Area Off Norway
Category: Business News
Norwegian oil firm Equinor, with its partners Vår Energi, Idemitsu Petroleum, and Neptune Energy, said Wednesday it had made the biggest discovery this year offshore Norway. Preliminary estimates place the discovery size between 12 and 19 million standard cubic meters of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent, Equinor said. […]
Source: OE Digital
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Norsk Hydro To Divest Rolling Business Area To KPS Capital Partners In €1.38 Bln Deal
Category: Business News
Norwegian aluminium and renewable energy company Norsk Hydro ASA (NHY, NHYDY.PK, NHYDY.PK) Friday said it has entered into an agreement to sell its Rolling business to KPS Capital Partners for 1.38 billion euros on an enterprise value basis. Hydro said the agreed deal price would result in a reduction of 856 million euros in pension […]
Source: Nasdaq
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