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Reuters: Norway plans temporary tax relief for oil firms
Category: Business News
OSLO (Reuters) – Norway proposed on Thursday to temporarily ease tax rules for oil firms to try to prevent a collapse in investments due to the coronavirus pandemic and a related collapse in crude prices. The plan could boost the liquidity of oil companies by as much as 100 billion Norwegian crowns ($9.7 billion) over […]
Source: Reuters
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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: December 25, 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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