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Nord Stream 1 pipeline may use repair equipment pool

MOSCOW, Sept 29 (Reuters) - Russia's Nord Stream 1 gas pipeline may make use of the Pipeline Repair and Subsea Intervention (PRSI) Pool that provides repair equipment to member companies, it said in a statement to Reuters. The Europe Union was investigating leaks in the Gazprom-led GAZP.MM Nord Stream 1 and 2 pipelines in the Baltic Sea this week and said it suspected sabotage.
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Norway to deploy military to protect its oil and gas installations

(Recasts with military deployment, PM, comment from armed forces) By Nora Buli OSLO, Sept 28 (Reuters) - Norway will deploy its military to protect its oil and gas installations against possible sabotage after several countries said two Russian pipelines to Europe spewing gas into the Baltic had been attacked, the prime minister said on Wednesday.
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NATO and EU must cooperate to investigate Nord Stream blasts, Latvia says

VILNIUS, Sept 27 (Reuters) - NATO and the European Union's member states must jointly investigate the Nord Stream gas pipeline blasts, and cooperate on the protection of critical infrastructure, Latvia's Defence Minister Artis Pabriks said on Tuesday. Reporting by Andrius Sytas, writing by Terje Solsvik, editing by Stine Jacobsen
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Norway to strengthen security at oil, gas installations

OSLO, Sept 27 (Reuters) - Norway will strengthen security at its oil and gas installations in the wake of gas leaks in the Baltic Sea and reports of drone activities in the North Sea, the Nordic country's energy minister said on Tuesday. Europe was investigating major leaks in two Russian pipelines that spewed gas into the Baltic Sea on Tuesday as Sweden launched a preliminary probe into possible sabotage to infrastructure at the centre of an energy standoff.
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Gas crisis lands LNG cargo market in hands of energy giants

By Marwa Rashad and Chen Aizhu LONDON/SINGAPORE, Sept 27 (Reuters) - Rocketing LNG cargo prices have squeezed out dozens of smaller traders, concentrating the business in the hands of a handful of international energy majors and top global trading houses. This grip is not expected to ease until 2026 when more liquefied natural gas (LNG) starts to materialise and lower prices, adding to supply worries for poorer states reliant on it to generate power and driving up costs for big Asia economies.
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How margin calls came to threaten Europe's energy firms

By Vera Eckert and Nora Buli FRANKFURT, Sept 16 (Reuters) - Soaring power and gas prices have rocked energy companies across Europe, forcing utilities and traders to secure extra funds from governments and banks to cover margin call requirements. Below is an outline of how they got to this point: EMERGING RISK? Europe has thousands of energy firms operating in a liberalised power and gas market intended to provide guaranteed competitive prices.
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Norway seeks to help EU cope with gas price pain after Russia cuts

* Norway has become Europe's biggest supplier of piped gas * High gas prices have boosted Norway's revenues * Some European power firms have been pushed to the brink * Russia says gas exports to EU in 2022 to drop by a third By Nora Buli and Nerijus Adomaitis OSLO, Sept 15 (Reuters) - Norway said on Thursday that sky-high gas prices were not in its interest and it would work with the EU to steady the market, although Europe's biggest supplier of piped gas is already at capacity trying to fill a
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Norway to continue to deliver gas reliably to Europe, says PM

OSLO, Sept 15 (Reuters) - Norway, Europe's largest supplier of piped gas, can best help solve the continent's energy crisis by continuing to deliver gas reliably, Prime Minister Jonas Gahr Stoere said on Thursday. "The most important thing we can do is to continue to deliver (gas) ... and make the market less unstable," Stoere told reporters after a meeting with Norwegian gas companies.
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Gas prices lift Norway's August trade surplus to record

OSLO, Sept 15 (Reuters) - Norway's trade surplus rose to a record 197.7 billion Norwegian crowns ($19.54 billion) in August, boosted by soaring prices for its gas exports to Europe, national statistics agency data showed on Thursday. With a daily output of around 4 million barrels of oil equivalent, almost equally divided between oil and gas, Norway has been a winner from the spike in global energy prices.
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Norway PM to meet gas producers to discuss gas sales to Europe

OSLO, Sept 13 (Reuters) - Norway's Prime Minister Jonas Gahr Stoere will meet on Thursday with gas producers to discuss long-term supply contracts that may help to stabilize prices on gas sales to Europe, he told the country's public broadcaster NRK on Tuesday. "It is not in Norway's interest to have the current instability. I would much rather see those prices to stabilize, preferably at a lower level," he added.
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Equinor, others apply for right to explore for oil and gas off Norway

OSLO, Sept 13 (Reuters) - Some 26 energy companies have sought Norway's permission to drill for oil and gas in this year's predefined areas licensing round, the Norwegian ministry for oil and energy said on Tuesday. Some of the firms that have applied for licenses in areas already open to exploration and production include Equinor EQNR.OL , Shell SHEL.L , Aker BP AKRBP.OL , ConocoPhillips COP.N , OMV OMVV.VI and TotalEnergies TTEF.PA .
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Norway PM says cap on gas price won't solve Europe's shortage

OSLO, Sept 12 (Reuters) - Norway and the European Union have agreed to a closer dialogue on proposals to resolve Europe's energy crisis, Norwegian Prime Minister Jonas Gahr Stoere said on Monday following a telephone meeting with European Commission President Ursula von der Leyen. "We're going into the talks with an open mind but are sceptical towards a maximum price on natural gas," Stoere said in a statement.
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Why Europe faces climbing energy bills

* High prices expected to continue this year and next * Rising wholesale energy costs passed on to consumers By Nina Chestney Sept 2 - A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region's most vulnerable exposed to fuel poverty, consumer groups say. WHY THE HIGH PRICES?
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Norwegian energy group Equinor completes Russia exit

OSLO, Sept 2 (Reuters) - Equinor EQNR.OL has completed its exit from Russia, the Norwegian energy group said on Friday, delivering on a promise made after Russia's invasion of Ukraine in February. This marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies TTEF.PA and ExxonMobil XOM.N .
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Equinor completes Russia exit due Ukraine war

OSLO, Sept 2 (Reuters) - Norwegian energy firm Equinor EQNR.OL said on Friday it had completed its exit from Russia in the wake of Moscow's invasion of Ukraine, delivering on a promise made in February. This marks the first full, orderly exit from Russia by an international oil and gas firm as pressure mounts on others, such as TotalEnergies TTEF.PA and Exxon Mobil XOM.N , to also leave.
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Equinor Completes Exit Process From Russia

Sept 2 (Reuters) - Equinor ASA EQNR.OL : * EQUINOR COMPLETES EXIT PROCESS FROM RUSSIA * EQUINOR COMPLETES EXIT PROCESS FROM RUSSIA * ON RUSSIA: EQUINOR CAN NOW CONFIRM THAT THE FULL EXIT FROM KHARYAGA HAS ALSO BEEN COMPLETED * FOLLOWING THE EXIT FROM KHARYAGA, EQUINOR HAS NO REMAINING ASSETS OR PROJECTS IN RUSSIA * AS PART OF EXIT FROM KHARYAGA, EQ
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How industry is depending on carbon capture technology for climate goals

By Cassandra Garrison Aug 29 (Reuters) - Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertiliser-maker Yara's YAR.OL Dutch operation from 2025 in what they say is a commercial breakthrough for the business. The joint venture founded by oil firms Equinor EQNR.OL , TotalEnergies TTEF.PA and Shell SHEL.L plans to inject CO2 from industrial plants into rock formations beneath the North Sea ocean floor.
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Norway's oil, gas firms raise investment forecasts

OSLO, Aug 18 (Reuters) - Norway's oil and gas firms have raised their investment forecasts for 2022 and 2023 as they plan to explore more and develop new projects, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector now expects to invest 172.8 billion Norwegian crowns ($17.7 billion) in 2022, up from a forecast of 167.2 billion made in May, the SSB said.
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Norway oil, gas firms raise investment forecasts

OSLO, Aug 18 (Reuters) - Norwegian oil and gas firms have raised their investment forecasts for 2022 and 2023 as they plan to explore more and develop new projects, a national statistics office (SSB) survey showed on Thursday. The biggest business sector in Norway now expects to invest 172.8 billion Norwegian crowns ($17.7 billion) in 2022, up from a forecast of 167.2 billion crowns made in May, SSB said.
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Why Europe faces climbing energy bills

(Updates throughout) * Wholesale gas prices up 350% year-on-year * High prices expected to continue this year and next * Rising wholesale energy costs are passed on to consumers By Nina Chestney Aug 15 - A global surge in wholesale power and gas prices means households across Europe face much higher energy bills this year and beyond, with the region's most vulnerable exposed to fuel poverty, consumer groups say.
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