Harris Hamdan / Shutterstock Norwegian energy firm Equinor says it is halting exploration drilling in the Great Australian Bight offshore southern Australia. The move comes after a review by Equinor that determined its existing drilling plan is not “commercially competitive” compared with other activities in the company’s portfolio. “The approval of the … [Read more...]
World’s First Carbon-Free Ammonia-Fueled Vessel Planned for 2024
A new project looking to launch the world’s first ammonia-powered supply vessel has received major funding from the European Union, setting the stage for testing of the carbon-free fuel as soon as 2024. Norwegian engery giant Euquinor said Thursday it has awarded Eidesvik Offshore a contract to convert its Viking Energy supply vessel with a 2MW ammonia fuel cell. The … [Read more...]
Coalition Launched to Accelerate Global Offshore Wind Capacity
Danish power company Ørsted and Norwegian energy giant Equinor are spearheading the launch of international coalition to accelerate global offshore wind capacity and other ocean-based renewable energy technologies as part of an effort to mitigate the harmful impacts of climate change. The Ocean Renewable Energy Action Coalition brings together civil society, … [Read more...]
Oil Giant Reveals Survival Tactics in Age of Climate Anxiety
By Mikael Holter (Bloomberg) --The largest oil company in western Europe’s biggest petroleum exporter wants to drastically cut its carbon footprint. Equinor ASA, which is based in the Norwegian town of Stavanger on the edge of the North Sea, is trying to adapt its business model to a world increasingly alarmed by the fallout of climate change. Eldar Saetre, the chief … [Read more...]
Equinor Sets Near-Zero Carbon Emissions Target for Norway by 2050
Norwegian energy giant Equinor has launched an initiative to cut greenhouse gas emissions to near-zero by 2050 as it moves to combat global climate change in line with the Paris Agreement. Total emissions for Equinor operated fields and plants in 2018 were around 13 million metric tons, approximately the same level as in 2005. The firm’s new strategy seeks to reduce … [Read more...]