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Name | Symbol | Market | Type |
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Equinor ASA | NYSE:EQNR | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.72 | 2.72% | 27.17 | 27.14 | 26.68 | 26.69 | 2,765,085 | 00:41:51 |
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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