NEWS

Bloomberg: Here’s What Lawmakers Want to Do With Norway’s $1 Trillion Fund

Category: Business News

Key lawmakers gave a nod to a range of changes for Norway’s $1 trillion sovereign wealth fund — from divesting some of its oil stocks, to an overhaul of its fixed-income holdings and tighter restrictions on coal investments. But even after one of the most eventful years in the fund’s history, more change could be […]

Source: Bloomberg

Equinor: Awarding contracts worth NOK 2.5 billion

Category: Business News

Equinor has awarded drilling service contracts at a total value of about NOK 2.5 billion, exclusive of options, to several suppliers. The services will be delivered to both new and existing fields on the Norwegian continental shelf. Contracts for services related to liner hangers were signed in Equinor’s digital laboratory at Forus, Stavanger, on 14 […]

Source: Equinor

World Oil: Equinor increases share in deepwater Gulf of Mexico from Shell

Category: Business News

STAVANGER — Equinor has exercised its preferential rights to acquire an additional 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of $965 million in cash. This will increase Equinor’s interest from 23.55% to 46.00%. Anadarko remains the operator with a 33.75% interest, and Chevron retains its 20.25% […]

Source: World Oil

Published: May 1, 2019

gCaptain: Contract Signed for First Classed Offshore Wind Vessel in US by DNV GL

Category: Business News

Classification DNV GL on Wednesday announced it has been awarded a contract to class a purpose-built offshore wind vessel built in the United States. The contract was awarded by WindServe Marine, LLC covering for offshore Crew Transfer Vessel for Ørsted North America. The contract covers the construction of the vessel, which will be the first […]

Source: gCaptain

Published: May 8, 2019

World Oil: ExxonMobil to invest up to $100 million on lower-emissions R&D with U.S. national labs

Category: Business News

IRVING — ExxonMobil has said it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.  The agreement – among the largest between the department’s laboratories and the private sector – will support research […]

Source: World Oil

Published: May 8, 2019