Equinor has also announced its withdrawal from the Bakken shale, after sustaining billions of dollars of losses from its US investments over the years.
Joe Biden Sworn in as Oldest US President
Jan 20, 2021 6:58:pm
Summary
by: Dale Lunan
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Joe Biden, the 78-year-old Democrat from Delaware, was sworn in January 20 as the 46
th president of the US, becoming the oldest to ever take the oath of office.
His vice-president, Kamala Harris, a senator from California and that state’s former attorney general from 2011 to 2017, was sworn in as the first female vice president in US history and the first Black of Asian descent to hold the office.
The inauguration ceremony, pared down due to the ongoing Covid-19 pandemic and security concerns in the wake of the protest at the US Capitol in Washington on January 6, was attended by several former presidents, including Barack Obama, whom Biden served as vice president; Bill Clinton and George W Bush. Donald Trump skipped the ceremony, becoming the first out-going president to shun the inauguration of his successor since Andrew Johnson declined to attend the swearing-in of Ulysses
Canadian Oil & Gas Group Sees 2021 Spending Boost
Jan 13, 2021 4:15:pm
Summary
by: Dale Lunan
The Canadian Association of Petroleum Producers (Capp) said January 13 it expects to see a 14% increase in upstream capital spending this year, halting a decline that has seen investment by Canada’s oil and gas producers plunge from C$81bn (US$64bn) in 2014 to just C$24bn in 2020.
In part reflecting an increase in t.
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Norwegian Offshore Industry Faces Carbon Tax Hike
Jan 12, 2021 11:35:am
Summary
by: Joe Murphy
Norway s government plans to steadily increase the overall tax on CO2 emissions to kroner 2,000 ($235)/metric ton (mt), according to a climate action plan published on January 8. The oil and gas industry has warned that the move could undermine the competitive.
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