Tag Archives: Norway

Norway’s leading industry has been on the mend for the past two years after a 2014-2016 downturn.

This consortium has the backing of major Japanese energy firms Marubeni Corp and JERA. which is the world’s largest buyer of LNG.

The discovery has been made at well 15 3-11 on the 15 3-4 (Sigrun) located in production license 025. following drilling.

Once completed. Nordlink will have a total capacity of 1.4GW.

The threat of further supply disruptions hasn'.t totally evaporated.

Libya’s national oil production fell to 527.000 barrels per day from a high of 1.28 million bpd in February following recent oil port closures.

The project is Masdar'.s second offshore wind partnership with Equinor.

Norway is pushing to potentially construct its first offshore floating wind farms.

Last year Equinor reached its goal of reducing annual CO2 emissions from the NCS by 1.2 million tons from 2008 to 2020.

The government will release its revised budget for this year on May 15.