NEWS

Bloomberg: Oil Divestment List for Norway’s $1 Trillion Fund Isn’t Final

Category: Business News

Figuring out exactly which oil companies Norway is targeting for divestment wasn’t easy last week when the government made its historic announcement. It turns out no one knows precisely yet. After revealing it would allow its $1 trillion wealth fund to sell out of $7.5 billion in upstream oil and gas companies, the government disseminated […]

Source: Bloomberg

Published: March 1, 2019

New York Times: Norway Moves to Sell Some Oil and Gas Shares From Wealth Fund

Category: Business News

LONDON — The Norwegian government has recommended that the country’s $1 trillion wealth fund sell its holdings in a group of companies that focus on finding and producing oil and gas. The decision, the result of a two-year review of the giant fund’s investments in fossil fuels, is a compromise that stops short of divestment […]

Source: New York Times

Published: March 11, 2019

World Oil: Equinor reports “profitable” oil discovery from the Visund A platform

Category: Business News

STAVANGER — Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 MMbbl of recoverable oil. “We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental […]

Source: World Oil

Published: March 4, 2019

World Oil: DNV GL extends the capability of failure investigations with new Houston facility

Category: Business News

HOUSTON — DNV GL has opened a failure analysis facility in Houston, Texas which will provide failure analyses that support the industry in conducting effective and efficient root cause analyses. The aim is to prevent and learn from failures and continue to improve safety, reliability and up-time. The facility will carry out the crucial initial […]

Source: World Oil

Published: April 27, 2024

World Oil: Staale Gjervik on New ExxonMobil / Microsoft Digital Partnership

Category: Business News

IRVING, Texas — ExxonMobil has announced that a new partnership with Microsoft will make its Permian basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. “The combination of Microsoft’s technologies […]

Source: World Oil