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Bloomberg: Citi Doesn’t See Oil Revival From Virus Until 4Q
Category: Business News
Citigroup Inc. slashed its price forecasts for commodities from oil to copper and iron ore as it said the impact of the coronavirus looks much worse than it initially thought. Oil came in for the most severe downgrades, with the bank cutting estimates for the first three quarters. Citi also reduced its first-quarter copper projection, […]
Source: Bloomberg
Published: February 3, 2020
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Reuters: Norway’s PM to appoint lawmaker Bru as oil minister
Category: Business News
OSLO (Reuters) – Norwegian Prime Minister Erna Solberg will appoint Conservative lawmaker Tina Bru as oil and energy minister, business daily Dagens Naeringsliv and public broadcaster NRK reported on Thursday, citing unnamed sources. The office of the prime minister declined to comment. Bru was not available for immediate comment. If confirmed, 33-year-old Bru will oversee […]
Source: Reuters
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The Explorer: Enormous potential in floating solar
Category: Energy
Floating solar is on the rise. With Norway’s extensive experience and history from the maritime, offshore and energy industries, the country is well equipped to lead technological development in this segment. The world’s demand for electricity will double by 2050. At the same time, the share of fossil energy in the energy mix must be […]
Source: The Explorer
Published: May 9, 2019
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Government: APA 2019: New High Award Secures Further Exploration of the Norwegian Continental Shelf
Category: Business News
The Norwegian Ministry of Petroleum and Energy offers 69 production licenses on the Norwegian continental shelf in the Award in Pre-Defined Areas 2019 (APA 2019). – I am proud to offer 69 new production licenses in this year’s APA round. The companies show great interest in further access to new exploration acreage. This means that […]
Source: Regjeringen.no
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Offshore: Equinor ties up offshore Norway automation, safety needs
Category: Business News
STAVANGER, Norway – Equinor has awarded new framework agreements to five suppliers for safety and automation systems for its facilities across the Norwegian continental shelf. The agreements may also be extended to the company’s international E&P activities and for new development projects. Total value of the five-year fixed periods is just above NOK5 billion ($554 million), with three […]
Source: Offshore
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