ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

SHEL Shell Plc

2,903.50
2.50 (0.09%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shell Plc LSE:SHEL London Ordinary Share GB00BP6MXD84 ORD EUR0.07
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.50 0.09% 2,903.50 2,904.00 2,904.50 2,913.50 2,891.50 2,901.50 8,130,538 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 316.62B 19.36B 2.9802 9.74 188.64B

Equinor Submits Plan For $946.4 Million Oil-Platform Electrification Project

23/04/2021 2:12pm

Dow Jones News


Shell (LSE:SHEL)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Shell Charts.

By Dominic Chopping

 

Equinor ASA said Friday that with partners Petoro, Royal Dutch Shell PLC, Total SE and ConocoPhillips it has submitted a plan for development and operation for the electrification of two platforms on the Troll oil field in the North Sea.

The plan will see the partial electrification of the Troll B platform and full electrification of Troll C, with the project expected to cost around 7.9 billion Norwegian kroner ($946.4 million). A total of NOK520 million in financial support has been pledged by the Norwegian NOx fund.

The electrification will cut CO2 emissions by almost 500,000 metric tons a year, 1% of the total emissions in Norway, while nitrogen oxide emissions from the field will be reduced by around 1,700 tons a year.

The power for both platforms will be met from shore, with the gas compressors on Troll C currently driven by gas turbines replaced by electric motors.

According to plan Troll B will be partially electrified in the first quarter of 2024, and Troll C will be fully electrified by the second quarter of 2026.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

April 23, 2021 08:57 ET (12:57 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Shell Chart

1 Year Shell Chart

1 Month Shell Chart

1 Month Shell Chart

Your Recent History

Delayed Upgrade Clock