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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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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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