The best carbon capture site in the world, Norway’s Sleipner facility run by Equinor, creates 25 times more CO2 from natural gas than was sequestered. And is paid for the gas and the sequestered CO2.
What is expected to be the world’s second floating offshore wind farm has received a financial boost from the European Union after the European Investment Bank announced its intention to provide a €60 million loan to Portuguese company Windplus for its planned 25 megawatt (MW) demonstration project off the coast of Portugal.
Norwegian energy company Equinor announced this week that it has completed the installation of the world’s first battery for an offshore wind farm at its 30 megawatt (MW) Hywind Scotland floating offshore wind farm, which is the world’s first floating wind farm.
Most energy companies today report on their climate, environmental, and social impacts. In the EU, they are even legally obliged to do so. But how transparent are these reports? How can they be compared? And how will they be used by investors and policymakers? Clare Taylor spoke to a number of experts and learned that energy companies are increasingly under pressure to improve their non-financial reporting – and that there is more legislation to come. Meanwhile, one NGO is working on a global benchmark. “The accountants are taking over.”
After announcing its intention earlier in the year, Norwegian multinational oil and gas company Statoil has today officially changed its name to Equinor after the company’s annual general meeting approved the name change on Tuesday.
Swedish power company Vattenfall announced this week that it plans to match its goals of transitioning away from fossil fuels with a visual rebranding, changing its logo in an effort to demonstrate its “determination to make it possible for everyone to live fossil-free within one generation.”
Norwegian multinational oil and gas company Statoil has announced its intention this week to change its name to Equinor, as part of a growing trend of fossil fuel-reliant companies looking to diversify their holdings and change their name to reflect the changing times.
The Carbon Trust announced on Tuesday that it was launching BLUE PILOT, a large-scale demonstration project which seeks to reduce the costs and underwater noises of offshore wind construction as part of the larger Offshore Wind Accelerator.
Norwegian oil and gas giant Statoil has announced this week it has signed an agreement to acquire a 50% interest in the early phase development of two offshore wind farms in Poland with a combined capacity of 1.2 GW (gigawatts).
Masdar and Statoil have announced a collaborative agreement to study and explore the potential for battery storage by analyzing data from their joint offshore wind and battery storage project at Hywind Scotland, known as Batwind.
