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Equinor explores combining renewables assets with Orsted
Category: Business News
(Bloomberg) – Equinor ASA Chairman Jon Erik Reinhardsen said the company has an “open mind” about the structure of its partnership with Danish wind developer Orsted A/S, including the possibility of combining their renewable assets. “It’s one of many options,” Reinhardsen said on Wednesday, when asked if it would make sense to combine the two […]
Source: World Oil
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Equinor backs Orsted share sales despite Trump targeting wind
Category: Business News
(Bloomberg) – Equinor ASA will spend almost $1 billion backing Orsted A/S’s share sale, in a crucial show of support as the Danish firm seeks to steady its finances following the Trump’s administration’s attacks on offshore wind. U.S. President Trump has increased efforts in recent weeks to block wind projects from advancing.The Norwegian energy company […]
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Energy Department Expands Commitment to Collaboration with Norway on Water Power Research and Development
Category: Business News
WASHINGTON—The U.S. Department of Energy (DOE) today extended a commitment to collaboration in water power research and development with Norway’s Royal Ministry of Energy. The extension of this previously established Memorandum of Understanding (MOU), which facilitates planning and coordination activities between the two countries, will further the Trump Administration’s efforts to reduce energy costs, strengthen grid reliability […]
Source: U.S. Department of Energy
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Norway prepares first major oil, gas licensing round in years
Category: Business News
OSLO, Aug 8 (Reuters) – Norway’s energy minister said on Friday he is preparing to launch a new oil and gas licensing round on the Norwegian continental shelf, the first offer of new drilling permits in unexplored frontier regions since 2021. “Norway will be a long-term supplier of oil and gas to Europe, while […]
Source: Reuters
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Baker Hughes acquires Chart Industries for $13.6 billion
Category: Business News
Baker Hughes announced today a definitive agreement to acquire Chart Industries in a deal valued at a total of $13.6 billion. Notably, the acquisition will strengthen Baker Hughes’ presence in the LNG and data center sectors. Chart is a global leader in the design, engineering and manufacturing of process technologies and equipment for gas and […]
Source: World Oil
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