NEWS

World Oil: Wood awarded EPCI contract by Equinor in Norway

Category: Business News

HOUSTON – Wood has secured a new $13 million contract with Equinor to deliver engineering, procurement, construction, and installation (EPCI) services to the Vigdis boosting station increased oil recovery (IOR) project. Effective immediately, Wood will provide topside modifications to enable the tie-in of subsea equipment to offshore platforms Snorre A and Snorre B, which process […]

Source: Wood Oil

Bloomberg: Richest Scandinavians Are in a Row Over How to Get $2.2 Billion

Category: Business News

The richest Scandinavians are having a budget dispute involving Norway’s worst terrorist and a capsized warship. The row started after Norwegian Prime Minister Erna Solberg proposed an “under the line” budget item to cover the estimated 19 billion kroner ($2.2 billion) it will cost to replace a navy frigate that collided with a tanker and […]

Source: Bloomberg

Published: February 2, 2019

Bloomberg: A High-Stakes Fight Is Brewing in Norway Over EU Relations

Category: Business News

By Sveinung Sleire Kicking off the year in a T-shirt proclaiming that she “loves, loves the EEA,” Foreign Minister Ine Eriksen Soreide hinted at the high-stakes fight that’s brewing in Norway over its relationship with the European Union. Soreide’s show of passion comes 25 years after Norway linked itself to the EU in a free-trade […]

Source: Bloomberg

Published: February 5, 2019

Reuters: Five companies, including Equinor, bid to supply New York with offshore wind power

Category: Business News

Five companies, including Norway’s Equinor, Denmark’s Orsted and France’s EDF have submitted bids to supply offshore wind power to the New York state, the companies said on Thursday. New York state closed bidding on.ny.gov/2E54m5q on Thursday to provide 800-megawatts of offshore wind energy, a part of a plan develop up to 2,400 megawatts (MW) of offshore wind […]

Source: Reuters

Published: February 1, 2019

World Oil: Equinor increases 2018 earnings, eyes offshore U.S.

Category: Business News

STAVANGER — “Strong operational performance and high production gave solid results and cash flow in a quarter with significant market volatility. We delivered growing returns for the full year and expect continued earnings growth. Following strong improvements in recent years, the board proposes an increase in quarterly dividend of 13% to $0.26 per share,” says […]

Source: World Oil

Published: February 10, 2019