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CALGARY — Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca Oil Corp. it acquired three years ago. The Stavanger, Norway-based company, formerly known as Statoil, says it sold 100 million shares in the Calgary-based company on Tuesday for […]

CALGARY - Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands by selling the 18.8 per cent stake in producer Athabasca

CALGARY - Norwegian oil giant Equinor ASA says it has completed its exit from the Canadian oilsands ...

350 views Norway will more than triple its national carbon tax by 2030, from kr 590 to kr 2,000 (US$70 to $237) per tonne of carbon dioxide, under a plan released last Friday by Environment Minister Sveinung Rotevatn. “We must make sure that it pays to cut greenhouse gas emissions,” Rotevatn told media. Norway, western Europe’s biggest fossil producer, has promised to reduce its emissions 50 to 55% from 1990 levels by 2030. By comparison, Canada is aiming for a reduction of just over 31%�...

Delta Lost More Than $12 Billion Last Year Last Updated This briefing has ended. Follow our latest coverage of Empty Delta ticket counters at Salt Lake City International Airport in April. The airline reported a loss of nearly $12.4 billion for 2020.Credit...Rick Bowmer/Associated Press Delta Air Lines lost $755 million in the fourth quarter, bringing its losses to nearly $12.4 billion in 2020, a year in which the airline industry was battered by a pandemic that crippled air travel. “Our De...

To embed, copy and paste the code into your website or blog: On January 13, 2021, Governor Andrew Cuomo of New York State announced by far the largest offshore wind award set by any state in U.S. history, picking two projects that together are expected to provide 2,490 megawatts (“MWs”) of capacity and more than 2,500 good-paying jobs. This announcement, resulting from the New York State Energy Research and Development Authority’s (“NYSERDA”) “Round 2” solicitation, positions New ...

Looking back on 2020 – Part 2: Losses mount as Covid adds to sector’s woes The second part of our review of the year looks at how the industrys major players fared as lockdowns caused some delays in installations and quite a few CEOs were waved off by Craig Richard & Nadia Weekes The pandemic resulted in (temporary) factory closures and job cuts (pic: Vestas) Sign in to continue Breaking industry news and email bulletins Analysis of the lastest trends to help you make informed decisions Se...

The Norwegian oil giant says the office consolidation will result in a reduction of about 30 per cent of its 120 Canadian staff in both St. John’s and Calgary

by The Canadian Press Last Updated Jan 13, 2021 at 2:10 pm ADT CALGARY — The Canadian arm of Norwegian oil giant Equinor ASA says it has closed its downtown Calgary office and is moving staff to St. John’s, N.L., to better focus on offshore East Coast operations after selling its Alberta oilsands interests in 2017. The Stavanger, Norway-based company, formerly known as Statoil, says the office consolidation will result in a reduction of about 30 per cent of its 120 Canadian staff in both St...

CALGARY - The Canadian arm of Norwegian oil giant Equinor ASA says it has closed its downtown Calgar...