NEWS

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

Boston Dynamics Robot Dog Goes on Patrol at Norwegian Oil Rig

Category: Business News

Meet Spot, the first robot to get its own employee number at Norwegian oil producer Aker BP ASA. Developed by Boston Dynamics Inc., the robot is set to start patrolling Aker BP’s oil and gas production vessel at the Skarv field in the Norwegian Sea this year, testing its ability to run inspections, detect hydrocarbon […]

Source: Bloomberg

Published: February 11, 2020

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

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

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