Latest news with #Norwegiangovernment
New Indian Express
07-07-2025
- Business
- New Indian Express
India to develop Deepwater Exploration and Production (E&P) ecosystem with Norway
NEW DELHI: Petroleum Minister Hardeep Singh Puri on Monday announced that India plans to develop a comprehensive ecosystem for deepwater Exploration and Production (E&P) technologies as it prepares to explore over 2.5 lakh sq km under the Open Acreage Licensing Policy (OALP) Round 10. The tenth round of OALP is set to be one of the largest offshore exploration bidding rounds globally. The announcement came following the Minister's visit to the Northern Lights CO₂ Terminal in Bergen, Norway. The facility, funded by the Norwegian government and operated in partnership with Equinor, Shell, and TotalEnergies, is the largest carbon storage project of its kind. Deepwater Exploration and Production (E&P) technologies is the advanced methods, tools, and systems used to locate, drill, extract, and process oil and natural gas from reservoirs located deep beneath the ocean floor—typically at depths greater than 500 meters (1,640 feet). The Northern Lights project can store up to 100 million tonnes of carbon dioxide. It features a flexible infrastructure that enables the transport of CO₂ from capture sites by ship to a terminal in western Norway, where it is temporarily stored before being piped 110 km offshore and injected 2,600 metres below the seabed for safe and permanent storage.
Perth Now
30-06-2025
- Business
- Perth Now
Thousands in Norway fooled by major lottery error
Thousands of Norwegians were ecstatic to receive notifications from the country's state-owned lottery company telling them they had just become millionaires – only for them to later discover it was a mistake. The country's government-owned Norsk Tipping said a 'manual error' resulted in customers being wrongly informed on Friday that that they had won 'excessively high prizes'. According to local news outlets, the company believes 'several thousand' people who won prizes in the Eurojackpot had been notified of incorrect amounts. It declined to confirm the exact number of people impacted by the error. Norsk Tipping is the main lottery company in the country, and is owned by the Norwegian government. Credit: Supplied The mistake stemmed from a conversion error when winnings in Euros, which the company receives from Germany, were converted to Norwegian kroner. Norsk Tipping has said the prize totals were multiplied by 100 instead of divided by 100. One woman in the middle of a renovation project told Norwegian Broadcasting Corporation that she received a notification she had won 1.2 million kroner ($182,000) but instead received only a small fraction of that sum. Norsk Tipping chief executive Tonje Sagstuen released a statement on Saturday to address the company's blunder. Norsk Tipping CEO Tonje Sagstuen issued a statement on her company's error. Credit: Supplied 'I am terribly sorry that we have disappointed so many, and I understand that people are angry with us,' she said. 'I have received many messages from people who had managed to make plans for holidays, buying an apartment or renovating before they realised that the amount was wrong. 'To them I can only say sorry, but I understand that it is a small consolation,' she said, adding that the mistake was a 'breach of trust' for consumers. On Sunday, the Norsk Tipping board held an emergency meeting with the Norwegian Government's Ministry of Culture, which ended with Ms Sagstuen stepping down from the company. The Norwegian government's Minister of Culture and Equality met with Norsk Tipping on Sunday and issued a statement on the mistake. Credit: Supplied Norway's Minister of Culture and Equality Lubna Jaffery criticised the company after the meeting, saying that 'such mistakes should not happen'. 'We expect their board to work actively to improve the control routines,' she said. Norsk Tipping is investigating the incident.
BBC News
06-06-2025
- Politics
- BBC News
Kielland families welcome Norway rig deaths compensation
Families of British workers killed in an oil rig disaster 45 years ago have welcomed the Norwegian government's decision to pay them than 120 people died, including 22 Brits, when the Alexander Kielland floating platform capsized in the Norwegian North Sea oil fields on 27 March relatives were in Oslo to see the Norwegian parliament, the Storting, agree by a narrow margin to pay compensation to survivors and the families of the Fleming, whose father was one of those killed, said the agreement was long overdue recognition of the Norwegian state's failings. Ms Fleming, from Durham, previously said there were unanswered questions about the disaster, which killed her father Michael and five of his compatriots from the Cumbrian village of Cleator compensation motion had been opposed by the government but passed through the Storting by 53 votes to 51. Ms Fleming, who was six when her 37-year-old dad died, said: "It's only right the Norwegian government have eventually done the right thing and agreed to pay a tiny amount of their wealth to the people that unwillingly and unwittingly sacrificed their lives."This feels likes a weight has been lifted of our shoulders."She praised the Kielland Network, a campaign group set up by survivors and families of the deceased to call for justice."People have given years of their lives to this cause and we are very grateful for the work that has been done," Ms Fleming said. Among the 40 members of the Kielland Network who attended the vote in central Oslo, there was a great deal of sadness that the group's founder, Kian Reme, was not there with Reme, whose brother Rolf was killed in the disaster, died in 2024 from cancer."He was the reason we got this far," Ms Fleming said, adding: "He was a man with strength of fight but also full of peace and forgiveness."He'd be so happy if he were here, but I'm sure he's up there proudly looking down at what everyone has continued to achieve." Tara Pender, who lives near Nottingham, was with Ms Fleming in Oslo to see the vote Pender, who was 13 when her 41-year-old father PJ Pender was killed, also paid tribute to Mr Reme."It's such a shame Kian is not here," she said, adding: "He was amazing and worked tirelessly on this for so many years."She said the result was "very bittersweet" as many relatives and survivors had died before they got the recognition of failings from the Norwegian government they had craved."It's just been such a long time coming," Ms Pender said she had spoken to several other British families of the deceased in the aftermath of the vote and they were "all delighted". The four-year-old platform was being used as accommodation for the nearby Edda rig in the Ekofisk oil field about 200 miles (320km) off the coast from Stavanger, Norway, when one of its legs broke off during a storm.A 1981 Norwegian inquiry attributed the disaster to a crack in one of the braces caused during its construction in France, but the manufacturers said it had not been maintained or anchored properly by its people received compensation at the time from the company which ran the oil rig, Phillips Petroleum, but campaigners said the Norwegian state should also accept responsibility. A University of Stavanger study published in 2025 said families and the 89 survivors were let down by official investigations, while a 2021 review by the Norwegian auditor general found "highly reprehensible" failures to hold any of the companies involved in the disaster to account, or to support families and Norwegian government apologised and funded the study to assess the impact on those government has opposed the compensation proposal put forward by a coalition of opposition parties but it passed by two votes, with further details now to be determined. Follow BBC North East on X and Facebook and BBC Cumbria on X and Facebook and both on Nextdoor and Instagram.
Business Mayor
30-04-2025
- Business
- Business Mayor
Equinor considers suing Trump administration over halted US windfarm
Norway's state energy company may take Donald Trump's administration to court after it ordered an 'unprecedented' halt to a $2.5bn (£1.87bn) windfarm project off the coast of New York. Equinor is considering its legal options after the US interior secretary, Doug Burgum, ordered the company to 'immediately halt all construction activities' on an offshore windfarm last month. Equinor is understood to have spent almost $2bn on the Empire windfarm project, which is almost a third complete and was expected to power the equivalent of 500,000 US homes once operating in 2027. Anders Opedal, the chief executive of Equinor, said: 'We have invested in Empire Wind after obtaining all necessary approvals, and the order to halt work now is unprecedented and in our view unlawful. We seek to engage directly with the US administration to clarify the matter and are considering our legal options.' The company, which is majority-owned by the Norwegian government, has a 35-year history of developing energy projects in the US. It estimates it has invested more than $60bn in US oil, gas and renewables projects. The Empire project was approved under the Biden administration in 2023 as part of a major package of support from the former president to accelerate plans to decarbonise the power grid and cut carbon emissions. However, Trump on his first day back in office in January ordered a review of offshore wind permitting and leasing, accusing the previous administration of rushed and insufficient analysis of the plans The review was seen as a blow to the burgeoning industry and wiped billions from the market value of Equinor as well as the Danish offshore wind company Ørsted, which also planned to build in US waters. Within months of opening the review, the administration issued an order for Equinor to halt construction of the project, which had begun last year and employs about 1,500 workers. The stop-work order came as a shock to many industry commentators who had believed that projects that had already secured their approvals would be safe from Trump's industry review. skip past newsletter promotion Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning Privacy Notice: Newsletters may contain info about charities, online ads, and content funded by outside parties. For more information see our Privacy Policy. We use Google reCaptcha to protect our website and the Google Privacy Policy and Terms of Service apply. after newsletter promotion In total there are four offshore wind projects under development off the US coast. In addition to the Empire project, Ørsted plans to build the Sunrise Wind project off the coast of New York and the Revolution Wind project off Rhode Island. The US energy company Dominion Energy is planning a windfarm off the Virginia coast. The New York state energy authority said the decision was fuelled by 'a shortsighted, political agenda'. Vincent Alvarez, the president of the New York City Central Labor Council, said: 'The reckless and overreaching move to halt construction that is already under way on Empire Wind threatens thousands of good union jobs and jeopardises the progress New York has made toward cleaner, more affordable energy.'
The Guardian
30-04-2025
- Business
- The Guardian
Equinor may take legal action after Trump administration halted US windfarm plan
Norway's state energy company may take Donald Trump's administration to court after it ordered an 'unprecedented' halt to a $2.5bn (£1.87bn) windfarm project off the coast of New York. Equinor is considering its legal options after the US interior secretary, Doug Burgum, ordered the energy company to 'immediately halt all construction activities' on an offshore windfarm last month. Equinor is understood to have spent almost $2bn on the Empire windfarm project, which is almost a third complete and was expected to power the equivalent of 500,000 US homes once operating in 2027. Anders Opedal, the chief executive of Equinor, said: 'We have invested in Empire Wind after obtaining all necessary approvals, and the order to halt work now is unprecedented and in our view unlawful. 'We seek to engage directly with the US administration to clarify the matter and are considering our legal options.' The energy company, which is majority owned by the Norwegian government, has a 35-year history developing energy projects in the US. It estimates that it has invested more than $60bn in US oil, gas and renewables projects. The Empire project was approved under the Biden administration in 2023 as part of a major package of support from the former US president to accelerate plans to decarbonise the power grid and cut carbon emissions. However, president Trump on his first day back in office in January ordered a review of offshore wind permitting and leasing, accusing the previous administration of a rushed and insufficient analysis of the plans The review was seen as a blow to the burgeoning industry and wiped billions from the market value of Equinor as well as the Danish offshore wind company Ørsted, which also planned to build in US waters. Within months of opening the review the administration issued an order for Equinor to halt construction of the project, which began last year and employs about 1,500 workers. The stop-work order came as a shock to many industry commentators who had believed that projects that had already secured their approvals would be safe from Trump's industry review. Sign up to Business Today Get set for the working day – we'll point you to all the business news and analysis you need every morning after newsletter promotion In total there are four offshore wind projects under development off the US coast. In addition to the Empire project, Ørsted plans to build the Sunrise Wind project off the coast of New York and the Revolution Wind project off Rhode Island. In addition, the US energy company Dominion Energy is planning a windfarm off the Virginia coast. The New York state energy authority said the decision was fuelled by 'a shortsighted, political agenda'. Vincent Alvarez, the president of the New York City Central Labor Council, said: 'The reckless and overreaching move to halt construction that is already under way on Empire Wind threatens thousands of good union jobs and jeopardises the progress New York has made toward cleaner, more affordable energy.'
