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Energy

ConocoPhillips Announces Significant Oil Discovery in the Norwegian Sea

Category: Business News

ConocoPhillips (NYSE: COP) today announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 80 percent working interest. Pandion Energy AS is license partner with 20 percent working interest.

Source: ConocoPhilips

Published: January 24, 2021


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Shell and Equinor develop smart inventory management system with Microsoft Azure

Category: Business News

Building on news of the recent Strategic Alliance with Shell, Microsoft will be supporting Shell and Equinor with the co-development of the tool, which runs on Microsoft Azure.

Source: World Oil

Published: January 24, 2021


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Norway agrees to fund Equinor’s Northern Lights CO2 project

Category: Business News

Following a historic vote in parliament, the Norwegian government announced its funding decision for the Northern Lights CO2 transport and storage project.

Source: worldoil.com

Published: January 24, 2021


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Exxon Sets New Emissions Goals

Category: Business News

Exxon Mobil Corp. entered 2020 with a multi-year growth plan projected to significantly increase its greenhouse-gas emissions. Then came Covid-19 and criticism from activist investors over its record on climate and financial returns.

Source: Bloomberg

Published: January 24, 2021


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Norway launches major wind power research centre

Category: Business News

Today the Norwegian Minister of Petroleum and Energy, Tina Bru, announced an investment of 120 million NOK (11.3 million EUR) in a new wind power research centre in Norway. The NorthWind research centre will be at the cutting edge, working on innovations to make wind power cheaper, more efficient, and more sustainable. One of the […]

Source: EurekAlert!

Published: November 12, 2020


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