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World Oil: Norway greenlights new wind farm to power offshore production platforms
Category: Business News
OSLO – The Ministry of Petroleum and Industry has approved the plans for development and operation of the Hywind Tampen wind farm. The Snorre and Gullfaks platforms will be the first platforms in the world to receive power from a floating offshore wind farm. On 11 October 2019, Equinor and the Snorre and Gullfaks partners […]
Source: World Oil
Published: July 17, 2024
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Equinor: Oil discovery in the US Gulf of Mexico
Category: Business News
Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the US Gulf of Mexico. The Monument exploration well found approximately 200 feet (c. 60 metres) of net oil pay with good reservoir characteristics in Paleogene sandstone. This provides an early indication of the […]
Source: Equinor
Published: April 6, 2020
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Bloomberg: Norway May Join Oil Output Cuts for First Time Since 2002
Category: Business News
Norway, the biggest oil producer in western Europe, said it would consider cutting its output if there was a broad international agreement to curb supply. The Nordic nation, whose oil output is set to grow over the next few years, hasn’t been a part of coordinated international cuts to support prices since 2002. OPEC and other producing […]
Source: Bloomberg
Published: April 4, 2020
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World Oil: ExxonMobil joins COVID-19 fight, helping develop multi-use PPE for clinical settings
Category: Business News
IRVING, TEXAS – ExxonMobil and the Global Center for Medical Innovation (GCMI) have initiated multi-sector and joint development projects to rapidly redesign and manufacture reusable personal protection equipment for health care workers, such as face shields and masks, which are in short supply as a result of the COVID-19 pandemic. In response to the unprecedented […]
Source: World Oil
Published: April 2, 2020
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World Oil: Equinor sees Johan Sverdrup production ramp faster than expected
Category: Business News
OSLO – Equinor’s Johan Sverdrup field in the North Sea expects to reach plateau production for the first phase in early May, earlier than anticipated. Due to higher plant capacity, plateau production will increase from around 440,000 boepd to around 470,000 boepd. Plateau production was previously expected to be reached during the summer. At the […]
Source: World Oil
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