Norwegian energy firm Equinor-owned Aasgard B oil and gas processing platform was shut and partly evacuated...
Norwegian energy firm Equinor-owned Aasgard B oil and gas processing platform was shut and partly evacuated late Nov. 13 following a fire in a transformer, causing a production outage, newspaper Adresseavisen reported on Nov. 14.
There were no injuries onboard the facility located some 200 km offshore in the Norwegian Sea, an Equinor spokesperson was quoted as saying by the report.
The shutdown resulted in an outage of gas production amounting to 19.8 million cubic meters per day with “uncertain duration and capacity consequence,” Aasgard’s pipeline operator Gassco said in a regulatory filing.
Norway, Europe’s biggest supplier of natural gas, is still expected on Nov. 14 to deliver some 307 million cubic meters of gas via pipelines to Britain and the EU, according to Gassco.
At least six people were killed and 81 injured in an explosion in central Istanbul. No one has claimed...
At least six people were killed and 81 injured in an explosion in central Istanbul. No one has claimed responsibility, but authorities are pointing to a terrorist attack.
Biden meets Xi. President Biden is holding his first face-to-face meeting with Chinese...
Biden meets Xi. President Biden is holding his first face-to-face meeting with Chinese President Xi Jinping today at the G-20 summit in Indonesia. Jeff Bezos would not be happy with how this casual meeting is being run, because there are no “specific deliverables,” according to National Security Advisor Jake Sullivan.
Elizabeth Holmes will find out how much time she’s spending in prison. The Theranos founder will be sentenced on Friday after being found guilty of fraud for lying to investors about her blood-testing startup. Prosecutors want 15 years.
NASA tries to launch Artemis…again. After months of being thwarted by tech and weather problems, NASA is going to try to launch its massive rocket early Wednesday morning. It’s an uncrewed flight, but if all goes well this will be the rocket that eventually returns humans to the moon.
Paying for the mistakes of utilities in Oklahoma and Texas
As much as Oklahomans and Texans don’t like to say they are alike, they are in one area—consumers...
As much as Oklahomans and Texans don’t like to say they are alike, they are in one area—consumers in both states face 30 years of repaying billions of dollars to help utilities recover expenses from the 2021 Winter Storm.
The Dallas Morning News recently pointed out that Texas consumers will be paying until 2050 for the $6.3 billion in bonds to help utilities.
As the paper noted, “We pay for the mistakes of others.”
Frack crew shortage seen fueling increase in DUC wells
An uptick in new drilling has helped firm up the US inventory of drilled-but-uncompleted wells in recent...
An uptick in new drilling has helped firm up the US inventory of drilled-but-uncompleted wells in recent months after a long period of declines caused by the pandemic. The inventory is at its lowest level in five years, according to Rystad Energy, but S&P Global Commodity Insights energy analyst Matt Andre expects the DUC count to increase in the months ahead due to a shortage of frack crews.
