By Nerijus Adomaitis OSLO, Nov 5 (Reuters) - Environmental groups urged a Norwegian appeals court on Tuesday to take emissions from the country's oil and gas exports into account when ruling on the government's decision to allow oil firms to explore in Arctic waters in 2016. The session follows the dismissal by a lower court of the lawsuit against the Norwegian state by … [Read more...]
Norway’s New Crude a Threat to Rivals in Asia
By Bloomberg News (Bloomberg) --Norway’s new oil grade is making inroads in Asia, threatening to undermine sales of similar crudes from Africa and South America. China’s Unipec, at least one of the nation’s independent refiners and South Korea’s Hyundai Oilbank Co. have bought Johan Sverdrup for December delivery, said traders and refinery officials in Asia. The North Sea … [Read more...]
Fire and Gas Explosion in Battery Room of Norwegian Ferry Prompts Lithium-Ion Power Warning
Norwegian authorities are warning shipowners and operators about the dangers associated with lithium-ion battery systems after a fire and subsequent gas explosion on board a diesel-electric ferry in Norway. The small fire was reported October 10 in the battery room of the Norled passenger ferry MF Ytterøyningen. The ferry returned to harbor under its own power where … [Read more...]
Transocean Semi-Submersible is First to Use Battery Power for Drilling Operations
Deepwater drilling contractor Transocean says it has deployed that world’s first hybrid battery system on floating drilling rig to supplement power needs during drilling operations. They hybrid energy storage system was deployed on its Transocean Spitsbergen semi-submersible at the Snorre Field in Norway. Transocean says the patented technology targets a 14 percent … [Read more...]
North Sea Oil Poised for Last Hurrah With Giant Norway Field
By Timothy Abington and Mikael Holter (Bloomberg) --The rise of a huge new Norwegian oil field is poised to give North Sea output one of its biggest boosts in years. The surge won’t last. Johan Sverdrup, one of the five largest offshore oil fields ever discovered in Norway, has been given the green light to begin production, with operator Equinor ASA scheduled to start … [Read more...]