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NY Reviewer: Equinor to Depart U.S. Lobby Group IPAA over Climate Policy
Category: Business News
Equinor will depart industry lobby the Independent Petroleum Association of America (IPAA) over a disagreement about climate policy, the energy generator stated Friday. The Norwegian firm is undertaking a review of its memberships of sector associations under a settlement with a group of institutional buyers, the Climate Action 100+, signed last April. Particularly, Equinor cited the […]
Source: NY Reviewer
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Bloomberg: Jones Act waiver floated as a stimulus for U.S. oil companies
Category: Business News
U.S. oil companies battered by the crude price war between Saudi Arabia and Russia are encouraging the Trump administration to waive a law that mandates only American vessels can be used to transport goods among U.S. ports. A temporary waiver of that law, known as the Jones Act, “can allow American producers to move domestic […]
Source: Bloomberg
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World Oil: Coronavirus case reported on Equinor’s Martin Linge field offshore Norway
Category: Business News
OSLO – Norwegian energy producer Equinor reported one person at the Martin Linge field in the North Sea has tested positive for the coronavirus. The person is not seriously ill. Equinor is in dialogue with the Norwegian health authorities about further measures. The infected person has been in isolation in his cabin since March 9th. […]
Source: World Oil
Published: March 11, 2020
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Riviera: New venture fund to help DNV GL prepare for the future
Category: Business News
DNV GL has created a venture fund, DNV GL Ventures, which will build a portfolio of between 15-20 start-ups in the next four years, taking up an equity stake of up to 20% in the companies. DNV GL chief digital transformation officer Klas Bendrik said the challenges of the coming decade mean “operating like it is business […]
Source: Riviera
Published: March 4, 2020
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World Oil: Defining the oilfield service sector’s role in meeting CO₂ goals
Category: Energy
FLORENCE, ITALY – As operators worldwide set ambitious net-zero-emissions goals, oilfield service companies have an opportunity to both play a key role in meeting these targets, and take a leadership position in shaping the path of the coming energy transition. “We are working on many fronts to practically reduce the carbon footprint of oil and […]
Source: World Oil
Published: February 3, 2020
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