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Bloomberg: Record-Large Floating Wind Farm Set for Norway
Category: Business News
Equinor ASA made a final decision to invest in floating wind turbines to power offshore oil platforms off Norway after the government agreed to subsidize a large part of the cost. Hywind Tampen will cost a total of almost 5 billion kroner ($550 million), it said in a statement on Friday. That’s in line with the state-controlled company’s […]
Source: Bloomberg
Published: October 11, 2019
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Maritime Executive: Norway Releases Action Plan for Green Shipping
Category: Business News
Norway has released an action plan for green shipping, saying that its maritime industry is a world leader in the development of low- and zero-emission solutions. The Government’s ambition is to reduce emissions from domestic shipping and fishing vessels by half by 2030. The report notes that with current technology, maritime transport is generally the […]
Source: MAREX
Published: October 7, 2019
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World Oil: Kongsberg Digital to digitalize Shell’s Nyhamna gas facility in Norway
Category: Business News
ASKER, NORWAY – Kongsberg Digital, a subsidiary of KONGSBERG, signed an agreement to digitalize the Nyhamna facility, a gas processing and export hub for Ormen Lange and other fields connected to the Polarled pipeline. A/S Norske Shell is entering the partnership as operator of Ormen Lange and on behalf of Gassco as the operator of […]
Source: World Oil
Published: October 11, 2019
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WEF: USA 2nd, Norway 17th in the Global Competitiveness Index 4.0 2019 Rankings
Category: Business News
This year’s Global Competitiveness Report is the latest edition of the series launched in 1979 that provides an annual assessment of the drivers of productivity and long-term economic growth. With a score of 84.8 (+1.3), Singapore is the world’s most competitive economy in 2019, overtaking the United States, which falls to second place. Hong Kong SAR (3rd), […]
Source: World Economic Forum
Published: October 10, 2019
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Bloomberg: Norway Oil Coffers About to Get Giant Boost From the North Sea
Category: Business News
Equinor ASA has started its Johan Sverdrup oil field, a rare mega-project in the North Sea that’s been a boon for Norway’s offshore industry and now promises to deliver a huge production boost for the country. Discovered in 2010 in an area that had been disregarded by most explorers, the site started production on Saturday […]
Source: Bloomberg
Published: October 5, 2019
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