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Energy

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


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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


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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: May 12, 2025


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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


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Reuters: Norway oil sector lowers 2019 investment forecast

Category: Business News

Oil and gas companies working in Norway have lowered their investment forecasts for 2019 to 172.7 billion crowns ($20.1 billion) from 175.3 billion crowns seen in November, a survey by the country’s statistics agency (SSB) showed on Thursday. In 2020 investments are expected to fall to 158.5 billion crowns, according to initial forecasts, though the […]

Source: Reuters


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