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Chevron, in Deal with Norway’s Moreld, Becomes First Major US Oil Company to Invest in Offshore Wind Project
Category: Business News
Chevron is the first U.S. oil major to invest in offshore wind power after signing a deal with Norway’s Moreld to help develop the turbine technology of tech firm Ocergy, while European oil giants Shell, Equinor and Total have already waded deeply into offshore wind projects. “Offshore wind power is undergoing a period of rapid innovation […]
Source: Forbes
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Halliburton to Provide Petroleum Data Management Platform for Norwegian Petroleum Directorate
Category: Business News
Halliburton Company (NYSE: HAL) today announced it signed an eight-year contract with the Norwegian Petroleum Directorate (NPD) to deploy and operate Diskos, the Norwegian national repository of seismic, well, and production data for the oil and gas industry. Halliburton Landmark will deliver Diskos 2.0 using DecisionSpace® 365 cloud services in iEnergy® – the industry’s first […]
Source: Business Wire
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Norway Wealth Fund Should Invest in Fewer Companies, Government Says
Category: Business News
Norway’s $1.3 trillion wealth fund, the world’s largest, should reduce the size of its global company reference index by between 25% and 30% to better follow up companies, primarily by removing small-cap stocks, the finance ministry proposed on Friday. The move reflects the growing awareness among international investors about risk in the environmental, social and […]
Source: Reuters
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Budget Airline Norse Atlantic Up 5% in Oslo Stock Market Debut
Category: Airline / Travel
Norway’s Norse Atlantic NORSE-ME.OL, a recently formed long-haul budget airline that plans to launch operations this year, made its Oslo stock market debut on Monday, trading up 5% in early trade. Norse traded at 21 Norwegian crowns ($2.46) per share at 0731 GMT, up from a price of 20 crowns in a private placement late last […]
Source: Reuters
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Norway’s Equinor to Stay in U.S. Lobby Group Following Climate Policy Shift
Category: Business News
Norway’s Equinor ASA has decided to stay in the American Petroleum Institute after the major U.S. oil lobby group changed its stance on climate policy. However, Equinor has quit the Australian Petroleum Production and Exploration Association as the firm has wound down operations in Australia after giving up an exploration drilling plan in the Great […]
Source: Reuters
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