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...]
Norway Picks Offshore Wind Naysayer as Oil and Energy Minister
By Nerijus Adomaitis and Gwladys Fouche OSLO, Dec 18 (Reuters) - Norway made an outspoken right-wing lawmaker who once called wind turbines "white monsters" its oil and energy minister on Wednesday, as the government debates updating rules for petroleum industry activity in its Arctic waters. As head of the oil and energy ministry, Sylvi Listhaug will be in charge of … [Read more...]
Green Groups Return to Court to Stop Arctic Oil Drilling off Norway
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...]