Subsea 7 S.A. (the Group) (Oslo Børs: SUBC, ADR: SUBCY, ISIN: LU0075646355) announced today results for the fourth quarter and full year which ended 31 December 2020. Unless otherwise stated the comparative period is the […]
The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according to Diego Lopez, a managing director at […]
Norway’s oil industry employers struck a wage bargain with the Safe labour union on Tuesday, preventing a strike at the Mongstad crude terminal and shutdowns of major offshore oil and gas fields, Safe told Reuters. The Norwegian Oil and […]
Norwegian oil and gas giant Equinor saw a massive increase in its fourth quarter of 2020 net loss amid market turmoil caused by the coronavirus crisis as its production dropped by 7 per cent compared […]
OSLO: The Norwegian seas could accommodate 40 gigawatts (GW) of offshore wind capacity by 2050, or 10% of Europe-wide targets, but this requires government support, an alliance of Norwegian oil and renewable energy firms, said on Tuesday. […]
London — ExxonMobil is in talks to sell its UK North Sea assets to Norwegian investor HitecVision, the companies said Jan. 21, after HitecVision was previously instrumental in ExxonMobil’s exit from Norway. In separate statements, the […]
Auxiliary wind propulsion systems provide Norsepower said it installed the world’s first tiltable Rotor Sails for SEA-CARGO, a logistics provider in the North Sea market. According the analysis conducted by Norsepower and SEA-CARGO, installation of […]
OSLO: A dozen workers at Norway’s Mongstad oil refinery could go on strike if an upcoming round of wage talks fails to result in agreement, Norway’s Safe labour union said on Friday. No date has yet been set for the negotiations, which […]
OSLO – Equinor is already an offshore wind major. Now the company will explore the opportunities within offshore solar power. Together with Moss Maritime the company wants to start testing off the island of Frøya. […]
Energy News Beat Publishers Note: The Carbon Tax is going to be a world wide impact to investments, renewable, and fossil fuels. Norway is doing this right and needs to be followed for the rest […]
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