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EQNR Equinor ASA

27.17
0.72 (2.72%)
03 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Equinor ASA NYSE:EQNR NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.72 2.72% 27.17 27.14 26.68 26.69 2,765,085 00:41:51

ABB Gets $90 Million Electricity Cable Deal from Statoil

16/09/2015 8:29am

Dow Jones News


Equinor ASA (NYSE:EQNR)
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   By Dominic Chopping 
 

ABB Ltd. has been awarded a $90 million contract from Statoil to supply an electricity cable that will provide power produced onshore to the giant Johan Sverdrup field being developed in the North Sea.

The Norwegian government is keen for oil companies operating in the region to use power generated onshore to power offshore developments due to the high levels of carbon dioxide and nitrogen oxide emitted by traditional fossil fuel powered generators built on platforms.

Zurich-based ABB, the world's largest maker of power grids, will manufacture and install the 200 kilometer cable that will provide power from the Norwegian power grid onshore.

 

Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

 

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


(END) Dow Jones Newswires

September 16, 2015 03:14 ET (07:14 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.

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