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ConocoPhillips plans $1.1 billion investments as Norway oil sector heats up
Category: Business News
SANDEFJORD, Norway, May 9 (Reuters) – ConocoPhillips (COP.N) submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns, the first of an expected rush of new petroleum projects to be launched in Norway this year. Read full article.
Source: Reuters
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OTC 2022: Department of Energy to boost investment in U.S. offshore wind development
Category: Business News
HOUSTON (WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of […]
Source: World Oil
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How Oslo Learned to Fight Climate Change
Category: Business News
In September of 2019, roughly a dozen workers in Oslo, Norway, broke ground on the world’s first zero-emission construction site. They were widening a busy street into a pedestrian zone, using powerful machinery to break and lift slabs of asphalt. But the equipment was so quiet that nearby cafés and restaurants kept their front doors […]
Source: The New Yorker
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Extending contracts for drilling and specialist services worth NOK 20 billion
Category: Business News
Equinor is extending its contracts with Baker Hughes Norge, Halliburton AS and Schlumberger Norge AS for integrated drilling and well services on Equinor-operated fields on the Norwegian continental shelf (NCS). At the same time the company is extending its contracts for additional services with the same companies and 13 other suppliers. The contracts will apply […]
Source: Equinor
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Norway keeps rates on hold, remains on track for June hike
Category: Business News
OSLO, May 5 (Reuters) – Norway’s central bank kept interest rates on hold on Thursday as widely expected and restated its plan to raise the cost of borrowing in June amid rapidly rising inflation. Norges Bank’s monetary policy committee unanimously agreed to keep the rate steady at 0.75%, as predicted by a Reuters poll of […]
Source: Reuters
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