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Norway Oil Lobby Hikes Spending Forecasts, Sees 16% Jump in 2019
Category: Energy
Norway’s oil lobby raised its forecast for investments in the country’s petroleum industry as cost cuts during a three-year downturn made projects more profitable and able to withstand even the recent slump in crude prices. Oil and gas companies operating in Norway will invest 184.5 billion kroner ($21.5 billion) in 2019, the Norwegian Oil and […]
Source: Bloomberg
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Arundo Analytics Initiates Numerous Strategic Partnerships in 2018
Category: Energy
Arundo Analytics, a software company enabling advanced analytics in heavy industry, today announced significant achievements in 2018 including initiating numerous strategic partnerships, adding prominent board members and expanding its international presence. “Asset-heavy companies can no longer afford to make business decisions based on an incomplete view of their organization,” said Tor Jakob Ramsøy, CEO and […]
Source: Business News Wire
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Equinor strengthens its position in the Norwegian Sea
Category: Energy
Equinor and Faroe Petroleum have agreed on a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS). These transactions are calibrated as a balanced swap when it comes to value with no cash consideration. “The net effect of our agreement with Faroe is to upgrade Equinor’s […]
Source: World Oil
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Equinor has awarded wired drill pipe contracts to NOV and Schlumberger
Category: Energy
Equinor is stepping up its use of wired drill pipe to acquire subsurface real-time data during drilling operations, in line with the corporate digitalization strategy and to prepare for automated drilling. Photo: Intelliserv. The wire inside the drill pipe allows high-speed data transfer. NOV and Schlumberger have been awarded corporate frame agreements for global deliveries […]
Source: World Oil
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Equinor receives green light for a uniquely profitable project
Category: Energy
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures of $918.5 million (NOK 7.8 billion) will help extend the productive life of the Troll field beyond 2050. A unique oil and gas field globally Troll generates highly important to value for […]
Source: World Oil
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