Tag Archives: Norway

The company has hired JPMorgan Chase &. Co.. Morgan Stanley. HSBC Holdings Plc. Moelis &. Co. and Evercore Inc. to advise on the IPO.

Statoil’s plan to profit by creating an artificial settlement price for Statoil’s financial and physical propane positions did not materialize as hoped.

The first phase of the capacity addition entails the implementation of 120 megawatts of capacity at an estimated cost of $120 million per 100 megawatts.

Oil- and gas-rich Iran has also pledged to slow climate change by promoting cleaner energies.

Earlier this week Norway’s Statoil reported yet another dry well in the Barents Sea. some 100 km northwest of the Johan Castberg discovery.

Iran prefers exporting liquefied natural gas (LNG) to distant markets including the EU. but no agreement has been reached so far for construction of the plants for the purpose.

Last month. 29 percent of the new car sales in the country were EVs. with Tesla deliveries soaring.

The companies aim to capture 1.5 million tons of carbon dioxide per year in the project'.s first phase.

The other partners are oil majors Shell with 8.1 percent. Total with 3.7 percent and ConocoPhillips with 1.6 percent.

Adnoc plans to merge ADMA-OPCO with the Zakum Development Co.. or Zadco. of which it also owns 60 percent. by the end of the year.