Equinor pledges to clean up Bahamas oil spill

In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Company consortium to develop the floating offshore wind project. Equinor has, on behalf of the partners of the Northern Lights project. Equinor says it will clean up the spills from the South Riding Point oil terminal. Equinor is launching a share buy-back programme of up to USD 5 billion. Equinor and Lundin have completed both parts of the transaction announced on 7 July 2019.

Resources are being mobilized as quickly as possible to safeguard people. Company announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Enova has approved an application for funding of up to NOK 2.3 billion. Tim Dodson, and YPF’s CEO Daniel Gonzalez have signed an agreement. At the time of arrival of the hurricane, Equinor had 54 personnel on Grand Bahama. New York State governor Andrew M. Cuomo today announced Equinor’s Empire Wind.

Tim Dodson, Equinor’s executive vice president for Exploration says “We are delighted with this opportunity to continue and expand our close partnership”.

Employee relief is being provided, including water and food. The consortium is currently launching the development of a 200MW floating wind farm. Equinor, in cooperation with its partners Shell and Total, is studying the possibilities for developing a CO₂ storage. The South Riding Point oil terminal has sustained damage from the hurricane. The first tranche of the programme of around USD 1.5 billion. Equinor and its partners are considering the possibility of supplying electricity from a floating offshore wind.

Oil has been observed on the ground at the terminal site and in neighboring areas. The 816 megawatt (MW) offshore wind project will bring renewable energy to New York consumers. KNOC-operated Donghae natural gas field off the coast of Ulsan in South Korea. The size of the spill is not yet clear. Equinor is committed to capital distribution to our shareholders. The Northern Lights project includes transport, reception and permanent storage of CO₂. The Hywind Tampen project has been granted funding of up to NOK 2.3 billion.

Based on current visual assessments, there are no indications of continued oil leakage from the tanks or of oil spills. It contribute to the State’s ambitious renewable energy development goals. Three Norwegian companies participate in the programme. Further examination is ongoing to assess the full impact of the spill. The support that the licences have received for the Hywind Tampen project demonstrates the will of Norwegian authorities. Security personnel is on site at the terminal working to secure the area and identify potential hazards.

The ten start-up companies have been selected from hundreds of applicants across 42 countries. Company have taken an important step forward in realising the project. The preliminary agreement was signed at Equinor’s office in Oslo, Norway. Equinor has secured vessels and equipment for oil spill response in Port Fourchon, Louisiana. Partners in two offshore blocks in the same area. The upcoming start-up of the world-class Johan Sverdrup field combined with several other new fields.

Some are now en route, while some are pending customs to be en route as soon as possible. It continuing to invest in high-quality project portfolio. Upon arrival, clean-up and remediation will start immediately. Equinor’s 816 MW winning bid confirms the company’s role as a major contributor in meeting. It increase the quarterly dividends by 13% this year. New York State’s renewable energy and climate goals including its goal of 9,000 MW of offshore wind by 2035. It utilising share buy-backs as an additional tool to strengthen capital distribution.

“It looking forward to collaborate closely with YPF on this new exploration opportunity”, Tim Dodson said.

The equipment mobilized includes skimmers, oil containment booms, absorbents, pumps, pressure washers and boats. The storage project is part of the Norwegian State’s demonstration project «Full-scale CO₂. The share buy-back programme of up to USD 5 billion. The energy industry is changing fast, and these companies are at the forefront of that change. The Hywind Tampen project will contribute to further developing floating offshore wind technology. The consortium will carry out a feasibility study for the wind farm.

The situation is complex and challenging, with damage to infrastructure hampering progress in relief and response efforts. The overall result is that Equinor has divested a 16 percent shareholding in Lundin for a direct interest of 2.6 percent. The accelerator is hosted at Equinor’s Oslo offices. Hywind Tampen may be the first project in the world for supplying electricity. It including use of the Donghae 1 platform as a substation for a possible wind farm. It also represents an important milestone for Equinor’s ambition of building an offshore wind.

Equinor has almost 100 members of its incident management organization in Norway. It represented by the Ministry of Petroleum and Energy. The ten startup companies will arrive 9 September. Memoranda of understanding have been signed with, Air Liquide, Arcelor Mittal, Ervia, Fortum Oyj. It have a strong relationship with Equinor based on mutual trust built on the development of exploration. The first part, Sparebank1 Markets acquisition of around 54.5 million shares in Lundin Petroleum. US now working in coordination with people on Grand Bahamas Island.

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