The Hammerfest LNG plant in Norway will be closed for up to 12 months for repairs following a fire last month, its operator Equinor said Monday. The fire on September 28 damaged the air intake on of the the plant's five power turbines. Large amounts of seawater from the extinguishing have damaged other auxiliary systems such as electrical equipment and cables in the plant, … [Read more...]
Losing Control? Norway’s Offshore Oil Workers Fear for Future as Rigs Go Remote
By Nerijus Adomaitis OSLO, Oct 20 (Reuters) - A shift to operating oil rigs remotely from land, which has been accelerated by lower crude prices, has rekindled concerns among Norwegian unions over the impact on the safety of offshore workers and the loss of well-paid jobs. These fears were highlighted by Lederne, one of three unions representing offshore workers, which this … [Read more...]
New York Wants to Buy Enough Clean Power for 1.5 Million Homes
By Christopher Martin (Bloomberg) --New York Governor Andrew Cuomo is seeking bids for up to 4,000 megawatts of clean energy, enough to power 1.5 million homes. The state plans to buy 2,500 megawatts of power from offshore wind farms proposed in the Atlantic Ocean and 1,500 megawatts from clean-power projects on land, according to a statement Tuesday. New York will also … [Read more...]
Norway’s Full-Scale Carbon Capture Project Could Become Financial Disaster, Report Warns
By Mikael Holter (Bloomberg) --Norway’s plan for a full-scale carbon capture and storage project could end up a financial disaster, according to a new report that includes an increased cost estimate for the venture. The likely cost of building and operating the project over 10 years -- most of which would be funded by the government -- could be as much as 25 billion kroner … [Read more...]
Norway Demands More detail from Equinor on Overseas Operations
OSLO, June 10 (Reuters) - Norway's energy minister said state-controlled Equinor must be more transparent about its foreign businesses after it was hit by mounting losses from U.S. oil and gas investments. Equinor made a series of acquisitions of onshore and offshore petroleum reserves in the United States in the years before the 2014 oil price crash, eventually leading to … [Read more...]