NEWS

Energy

Both Climate Leader and Oil Giant? A Norwegian Paradox

Business

Category: Energy

On an unseasonably warm day in May, Norway’s climate minister, Vidar Helgesen, strolled through a vast parking lot for electric cars, counting Teslas. “Two, three, four, five,” the minister marveled. And that was just one aisle. There are big perks to buying a Tesla — or any electric car — in Norway. The government waives […]

Source: NY Times


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Amid new CEO, Baker Hughes deal, GE continues progress on digital work

Business

Category: Energy

As new players continue to pour into the oilfield services sector, each fighting for a piece of the Big Data pie, one large player that can’t be missed amid the landscape of digital competitors is General Electric.   Despite the company’s ongoing leadership transition, as Chairman and CEO Jeffery Immelt prepares to hand over the company’s […]

Source: World Oil


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Statoil reports more research on CO2 reduction and digitalization

Business

Category: Energy

Statoil’s new technology strategy intensifies the company’s research on CO2 reduction and digital solutions. “Statoil wants to be in the forefront of the development in the oil and gas industry. Technology and innovation are vital to finding more resources and developing projects, while at the same time reducing costs and CO2 emissions,” says Margareth Øvrum, […]

Source: World Oil


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Norway Emerges From Oil Drop as Growth Seen at Pre-Crisis Levels

Business

Category: Energy

Norway may be finally emerging from an oil downturn with companies the most upbeat they’ve been on economy since before the oil crisis, according to a central bank survey. The krone jumped on the news. A survey of companies across regions and industries now indicates a broad based improvement driven by both public and private […]

Source: Bloomberg


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GE Wins U.S. Antitrust Approval for Baker Hughes Deal

Business

Category: Energy

General Electric Co. and Baker Hughes Inc. have cleared a second major antitrust hurdle in their effort to create the world’s second-biggest oilfield services provider. GE won approval on Monday from the U.S. Justice Department to combine its oil and gas business with Baker Hughes. The clearance follows by two weeks a similar decision by […]

Source: Bloomberg


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