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...]
Norway’s Equinor Sends Rare Low Sulphur Fuel Cargo to Fujairah
By Roslan Khasawneh SINGAPORE, Nov 21 (Reuters) - Equinor offloaded a rare cargo of very low-sulphur fuel oil (VLSFO) from Norway last week at UAE's Fujairah bunkering hub to meet expected demand from stricter ship fuel emission rules, according to trade sources and shipping data. The 130,000-tonne cargo has been sold to Saudi Arabia's Aramco Trading Corp (ATC), said five … [Read more...]
First Oil from Johan Sverdrup Ready to Ship
The first oil pumped from the giant Johan Sverdrup field in the North Sea has reached Mongstad, Norway where it will be prepared for shipping to markets around the world. The first cargo of around one million barrels is expected to leave for customers in Asia this week. The cargo has market value of around USD 60 million, or more than half a billion NOK at the current oil … [Read more...]