Statoil: renewables must be profitable long-term

According to Reuters, “Statoil said on Monday that renewable energy projects must demonstrate their long-term profitability for the Norwegian company and other oil and gas producers to invest in them. Chief Executive Helge Lund said his company, which has invested in offshore wind and carbon capture storage (CCS) technology in recent years, was committed to [...]

World’s first Osmotic Power Plant opened in Norway

According to the press release, “‘This is something Statkraft can be proud of and something I, as the Minister of Petroleum and energy, am proud of too,’ said Terje Riis-Johansen after the opening of the osmotic power plant at Tofte, before he continued: ‘This is not just something I’m saying, we are at the forefront [...]