Offshore oilfield electrification spreads slowly amid cable costs and 10-year supply chains
EQNR Equinor ASA ADR
$42.93 +3.17%
View chart & analysis → - 1Offshore oil and gas electrification has proven cost and emissions-reduction benefits, but adoption outside Norway remains limited globally
- 2Subsea cable permitting, procurement and installation each take three years, totaling 10 years; Equinor (EQNR) first electrified Troll A in 1996
- 3Norway has achieved results with hydropower providing 88% of its electricity and a carbon price, while other countries face mixed prospects due to high costs and intermittency
Source Mining Technology +1 · View original ↗
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