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Norwegian state-owned oil and gas company Equinor announced the start of gas production at the Aasta Hansteen field in the Norwegian Sea and the sending of the first batch of gas that has already entered the market on Monday. This field is one of the largest in the Norwegian Sea. Gas reserves in it, extracted from seven wells on 3 underwater support plates, will allow Equinor to carry out long-term export of Norwegian gas. It is reported that about 55 billion 600 million cubic meters of gas and 600 thousand cubic meters of condensate are available for extraction.
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
Berkshire Hathaway Inc.’s (BRK.A, BRK.B) Chief Executive Officer Warren Buffett announced on Monday that its energy unit agreed to purchase the natural gas transmission and storage assets of utility company Dominion Energy Inc. (D.N) ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
Germany took another step back to its road to economic recovery after it posted its lowest industrial production output in April amid the crisis of the coronavirus pandemic. Europe’s largest economy is up to another downhill trajectory ...
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