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Stavanger Roundtable: Energy Market Regulation & Innovation – New York & Stavanger in Transition
Category: AmCham Norway
“The big danger in incentivizing [renewable] energy market development is that government money can become the market.” So stated New York state’s visiting “energy czar” during an illuminating recent roundtable discussion with senior Stavanger-region leaders. Prior to his role as Chairman of Energy & Finance for New York, Richard Kauffman worked in energy and finance […]
Source: Amcham
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Statoil ASA, Norway’s biggest petroleum company, will change its name to Equinor
Category: Energy
Statoil ASA, Norway’s biggest petroleum company, will change its name to Equinor as it seeks to broaden its energy reach beyond oil and gas production. “The world is changing, and so is Statoil,” said Chairman Jon Erik Reinhardsen in a statement. “The biggest transition our modern-day energy systems have ever seen is underway, and we […]
Source: Bloomberg
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U.S. sues to stop Norway’s Wilhelmsen from buying rival Drew Marine
Category: Government
The U.S. Federal Trade Commission said on Friday it would challenge in court the Norwegian company Wilhelmsen Maritime Services’ (WWI.OL) plan to buy smaller U.S. rival Drew Marine Group. The FTC said the $400 million proposed deal would reduce competition in the market for marine water treatment chemicals, used in a ship’s boiler water and […]
Source: Reuters
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Statoil started drilling at new field
Category: Energy
In the early hours of Sunday 25 February drilling started at Oseberg Vestflanken 2. On the Capital Markets Day on 7 February the project could boast break-even reduction from USD 34 to USD 16 per barrel. The investment budget for Oseberg Vestflanken 2 has been reduced from NOK 8 billion to NOK 6.5 billion. Recoverable […]
Source: Statoil.com
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AmCham Member Company Profile: Arundo Analytics – Bringing Software Analytics to Heavy Industry
Category: AmCham News
Helping customers to extract real business insights from operational and machine generated data, the Norwegian start-up, Arundo Analytics’ software for machine learning models is revolutionizing operational performances by unleashing the business value of data, and enabling human and machine collaboration at scale. As an increasing number of companies are looking to adopt a digital future […]
Source: AmCham
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