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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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EU’s $750 billion energy deal with U.S. will be hard to attain, experts say
Category: Business News
(Bloomberg) – The European Union’s promise to buy $750 billion of American energy imports over three years was pivotal to securing a trade deal with President Donald Trump, but it’s a pledge it will struggle to keep. The deal would require annual purchases of $250 billion of natural gas, oil and nuclear technology, including small […]
Source: World Oil
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Megabill takes a bite out of US climate progress
Category: Business News
The megabill President Trump signed into law this month is expected to make a major dent in the U.S.’s climate progress, adding significantly more planet-warming emissions to the atmosphere. Models of the legislation that have emerged in recent weeks show U.S. emissions will rise as a result of its implementation. One model from climate think tank C2ES found U.S. emissions will […]
Source: The Hill
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To combat climate change, Norway wants to be Europe’s carbon dump
Category: Business News
Europe’s top oil producer has backed a project aiming to capture carbon dioxide from European factories and bury it beneath the North Sea. A company backed by fossil fuel giants and the Norwegian government has built the world’s first carbon shipping port here, with the aim of creating a dumping ground for Europe’s planet-warming pollution. […]
Source: The Washington Post
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Developing the largest oil producer on the Norwegian continental shelf
Category: Business News
Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe). “By building on the technologies, solutions, and infrastructure from phases 1 and 2 of Johan Sverdrup, we […]
Source: Equinor
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