Tag Archives: Equinor (Statoil)

It notes ``changes in the scale and composition of the oil and gas portfolio`` will be vital in reaching the target.

Its Viking Energy vessel will be part of a research project to develop. install and test whether ammonia fuel cells can deliver 100% carbon-free power over long distances.

BP was the first oil major to commit significant capital to renewable projects. such as wind and solar. from 1980 onwards.

The Norwegian energy firm recently invested £64mto buy an additional 6.5m shares in the solar firm.

It has also set near term goals to cut emissions in Norway by 40% by 2030 and 70% by 2040.

Norwegian state oil company Equinor and Russia'.s Rosneft will invest in the first stage of the development of North Komsomolskoy.

Drone makers are cooperating with oil and gas firms to develop custom drones equipped with data collection technology to obtain real-time insights.

The UK government has set a target of net-zero carbon emissions by 2050 which is now enshrined into law.

VLCC freight rates for key crude oil supply routes to Asia have surged since the US ratcheted up sanctions in recent months.

The bigger challenge facing ExxonMobil is availability of buyers.