Equinor ASA signed contracts worth about 100 billion kroner ($9.9 billion) to help maintain its current oil and gas output in Norway for at least another decade. Chief Executive Officer Anders Opedal has described the Norwegian shelf as Equinor’s “backbone” and key to European energy security. The Nordic nation has been the continent’s biggest supplier of natural gas for the past three years after...
Equinor ASA signed contracts worth about 100 billion kroner ($9.9 billion) to help maintain its current oil and gas output in Norway for at least another decade. Chief Executive Officer Anders Opedal has described the Norwegian shelf as Equinor’s “backbone” and key to European energy security. The Nordic nation has been the continent’s biggest supplier of natural gas for the past three years after Russia invaded Ukraine. The deals with companies including Aker Solutions ASA and Aibel AS are set to start in the coming months and will cover maintenance, repairs and modifications at onshore and offshore facilities, according to a statement Thursday. They will run for five years, with the possibility of extensions. “The shelf is entering a mature phase that will require new solutions,” said Kjetil Hove , Equinor’s executive vice president for exploration and production Norway. “Our ambition is to maintain a high level of production and predictable energy deliveries to Europe toward 2035.” The firm is targeting production of about 1.2 million barrels of oil equivalent per day through the middle of the next decade, on par with levels for the past five years. Equinor plans to spend as much as 70 billion kroner annually, with an eye to drilling 250 exploration wells and 600 wells for increased recovery. Read More: Equinor to Drill 26 Exploration Wells Off Norway Next Year
South East Water says 6,500 households have no water due to burst mains, a month after drinking water outage Residents of Tunbridge Wells have been left without water again, just a month after a major outage. South East Water said 6,500 households have no water at all, while thousands more have “intermittent supplies”. Continue reading...
South East Water says 6,500 households have no water due to burst mains, a month after drinking water outage Residents of Tunbridge Wells have been left without water again, just a month after a major outage. South East Water said 6,500 households have no water at all, while thousands more have “intermittent supplies”. Continue reading...
Taiwan Semiconductor solidifies its trillion-dollar status as the essential partner for every major technology company building artificial intelligence.
Taiwan Semiconductor solidifies its trillion-dollar status as the essential partner for every major technology company building artificial intelligence.
China’s biggest oil companies are scrambling for direction as Washington turns up the heat on Venezuela. State-backed giants led by China National Petroleum Corp. have quietly sought guidance from Beijing on how to salvage existing claims to some of the world’s largest oil reserves, after the US arrest of Nicolas Maduro, people familiar with the situation said. Executives are running their own dam...
China’s biggest oil companies are scrambling for direction as Washington turns up the heat on Venezuela. State-backed giants led by China National Petroleum Corp. have quietly sought guidance from Beijing on how to salvage existing claims to some of the world’s largest oil reserves, after the US arrest of Nicolas Maduro, people familiar with the situation said. Executives are running their own damage assessments while senior Chinese officials review exposure and even worst-case scenarios in which decades of investments could be wiped out, the people said, in a sign of how caught off guard Beijing and its corporate champions were by the speed and force of US action. The anxiety reflects just how deep China’s stake runs. Over nearly two decades, Beijing poured tens of billions of dollars into Venezuelan oil, gas, refining and infrastructure, becoming the country’s largest oil buyer and its biggest creditor as US sanctions tightened. While production has withered and imports now make up a small slice of China’s crude needs, Venezuela still owes billions and holds some of the world’s largest reserves. With Washington reportedly pressing Caracas to cut ties with China and other rivals, Chinese firms now face a stark question: whether their long bet on Venezuela’s oil wealth can survive a far more confrontational US strategy in the Americas. What You Need to Know Today Meanwhile, Washington’s decision to take direct control of Venezuelan oil has jolted energy markets and sparked a scramble among traders and refiners for access to one of the world’s largest reserve bases. By selectively rolling back sanctions, and marketing as much as 50 million barrels itself, the Trump administration is inserting the US government straight into global crude trading — a move that’s already knocked down Canadian prices , lifted US refinery stocks and revived interest from players long frozen out by sanctions. The shift promises a rare surge of supply after years of isolation, but it also u...
Key PointsQuantum computing may revolutionize financial risk analysis, drug discovery, and artificial intelligence, but the technology will not be useful to most enterprises for at least a decade.
Key PointsQuantum computing may revolutionize financial risk analysis, drug discovery, and artificial intelligence, but the technology will not be useful to most enterprises for at least a decade.
According to the Shiller price-to-earnings ratio, also known as the cyclically adjusted P/E ratio, the stock market is near its most expensive valuation ever . Some investors have grown anxious about these rising valuations, particularly given the significant capital expenditures required to develop artificial intelligence (AI) infrastructure in the coming years. Finding value stocks can be challe...
According to the Shiller price-to-earnings ratio, also known as the cyclically adjusted P/E ratio, the stock market is near its most expensive valuation ever . Some investors have grown anxious about these rising valuations, particularly given the significant capital expenditures required to develop artificial intelligence (AI) infrastructure in the coming years. Finding value stocks can be challenging in this market, but it's not impossible. You want to seek out companies with strong fundamentals, solid balance sheets, and healthy cash flows, at reasonable valuations. If this sounds appealing and you have $1,000 ready to invest, here are three cheap stocks to consider adding to your portfolio today. Image source: Getty Images. Continue reading
US To Withdraw From 66 International Bodies, Treaties The Trump administration withdrew the United States from 66 international organizations, conventions, and treaties that it said go against the country’s interests, the White House announced on Jan. 7. According to the presidential memorandum, 31 entities were tied to the United Nations, while 35 others were not. “The Trump Administration has fo...
US To Withdraw From 66 International Bodies, Treaties The Trump administration withdrew the United States from 66 international organizations, conventions, and treaties that it said go against the country’s interests, the White House announced on Jan. 7. According to the presidential memorandum, 31 entities were tied to the United Nations, while 35 others were not. “The Trump Administration has found these institutions to be redundant in their scope, mismanaged, unnecessary, wasteful, poorly run, captured by the interests of actors advancing their own agendas contrary to our own, or a threat to our nation’s sovereignty, freedoms, and general prosperity,” Secretary of State Marco Rubio wrote in a statement shortly after the list was revealed. “President [Donald] Trump is clear: It is no longer acceptable to be sending these institutions the blood, sweat, and treasure of the American people, with little to nothing to show for it. The days of billions of dollars in taxpayer money flowing to foreign interests at the expense of our people are over.” As Jacki Thrapp reports for The Epoch Times, The State Department was ordered to review the international intergovernmental organizations that “no longer serve American interests” in February 2025, per an executive order signed by President Donald Trump. Rubio accused many entities of being “often dominated by progressive ideology and detached from national interests.” “From DEI mandates to ‘gender equity’ campaigns to climate orthodoxy, many international organizations now serve a globalist project rooted in the discredited fantasy of the ‘End of History.’ “These organizations actively seek to constrain American sovereignty. Their work is advanced by the same elite networks—the multilateral ‘NGO-plex’—that we have begun dismantling through the closure of [the United States Agency for International Development].” The U.N.-related entities that the Trump administration withdrew from include the Department of Economic and Soci...
Today’s rumours are riding the District line Antoine Semenyo’s farewell goal for Bournemouth , before his move to Manchester City, sets off a chain reaction over who succeeds him. Ethan Nwaneri , who has struggled for game time at Arsenal, is wanted by a few suitors. Bournemouth are very interested in a loan move for someone who was the next big thing not too long ago. And still can be, though the...
Today’s rumours are riding the District line Antoine Semenyo’s farewell goal for Bournemouth , before his move to Manchester City, sets off a chain reaction over who succeeds him. Ethan Nwaneri , who has struggled for game time at Arsenal, is wanted by a few suitors. Bournemouth are very interested in a loan move for someone who was the next big thing not too long ago. And still can be, though the word is he still wishes to stay a Gunner and play his part in a title-winning team. Continue reading...