Post Tagged with: "Equinor"

Source: BOE Report

Equinor says sanctions prevented it helping on Nord Stream

BOE Report


Equinor said European Union sanctions had prevented it from providing services and equipment to inspect the damaged Nord Stream gas pipelines last year, revealing for the first time why Norwegian assistance was not forthcoming.

In September, several unexplained …

Source: CNBC

Norwegian oil giant Equinor to buy U.S.-based battery storage firm

CNBC


Norway’s Equinor is to acquire U.S.-based battery storage developer East Point Energy after signing an agreement to take a 100% stake in the company.

 

Equinor, a major producer of oil and gas, said Tuesday that Charlottesville-headquartered East Point …

TechnipFMC awarded integrated FEED (iFEED™) contract by Equinor for BM-C-33 Project in Brazil

TechnipFMC awarded integrated FEED (iFEED™) contract by Equinor for BM-C-33 Project in Brazil

Oil and Gas 360


NEWCASTLE & HOUSTON, July 5, 2022 — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA (Equinor), for an integrated Front End Engineering and Design …

Source: World Oil

Equinor raises $1 billion selling North Sea fields as oil surges

World Oil


(Bloomberg) — Equinor ASA sold assets in the North Sea for $1 billion as it seeks to benefit from high oil prices and redirect proceeds to other core businesses.

Norway’s largest energy company offloaded its entire share in …

Source: Reuters

Norwegian energy firm Equinor to exit Russia amid invasion of Ukraine

Reuters


Norwegian energy group Equinor said on Monday it will start the process of divesting from its joint ventures in Russia amid Moscow’s invasion of Ukraine.

Equinor is the second major European oil and gas producer, after energy major BP, …

February 28, 2022 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Data Gumbo expands smart contract network with Equinor

Data Gumbo expands smart contract network with Equinor

Oil and Gas 360


NORWAY AND HOUSTON, TEXAS — January 25, 2022 — Data Gumbothe industrial smart contract network company, today announced that it has signed a contract with Equinor (OSE: EQNR, NYSE: EQNR). GumboNet™ enables transactional certainty …

January 25, 2022 - 1:30 pm Closing Bell Story‎, Energy News, Press Releases, Technology
Source: Reuters

Equinor plans $8.8 bln development of world’s northernmost oilfield

Reuters


OSLO, Nov 10 – Norway’s Equinor (EQNR.OL) said on Wednesday it plans to invest up to 75 billion Norwegian crowns ($8.80 billion) to develop the Wisting petroleum discovery, set to become the world’s northernmost oilfield.

Located in the Arctic …

November 10, 2021 - 9:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Nasdaq

Equinor makes its 6th Norwegian oil discovery of 2021

Nasdaq


OSLO, Nov 1 – Equinor EQNR.OL has made an oil discovery estimated to hold up to 62 million barrels of crude off the coast of Norway, the energy major said on Monday.

The discovery, just north of the Tyrihans …

Source: World Oil

Equinor and TotalEnergies exit key Venezuelan JV project

World Oil


French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of foreign firms in recent years as the country’s energy industry has withered.

The companies transferred to state-owned

Source: Reuters

Norway’s energy firms plan $1.7 bln oil, gas developments

Gulf Today


Equinor and Aker BP set out plans to develop four oil and gas discoveries with a total price tag of 14.5 billion Norwegian crowns ($1.69 billion) as part of Norway’s efforts to maximise output from its existing fields.…

Source: Reuters

Equinor’s Castberg oilfield delayed until end of 2023 – regulator

Reuters


OSLO – Equinor’s Johan Castberg oilfield in the Arctic Barents Sea won’t come on stream until the end of 2023, a year later than planned due to technical problems that have also hit its value, Norway’s oil and gas …

Source: Reuters

Exclusive: Equinor considers more US asset sales in global strategy revamp

Reuters


OSLO – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of …

Source: Reuters

OGE, Thyssenkrupp and Equinor hatch hydrogen plan for Duisburg steel

Reuters


FRANKFURT- German gas transmission system operator OGE, steel producer Thyssenkrupp and Norwegian energy company Equinor on Tuesday said they would deepen cooperation to help cut carbon emissions from a Thyssenkrupp plant in Duisburg, Germany.

The three said a feasibility …

January 12, 2021 - 2:30 pm Closing Bell Story‎, Energy News, Hydrogen
Source: Reuters

Equinor buys 49% stake in Russian oil venture from Rosneft

Reuters


OSLO – Equinor has agreed to buy a 49% interest in Russian onshore petroleum assets from Rosneft for $550 million, the Norwegian oil company said on Friday.

The payment is for a stake in limited liability company LLC KrasGeoNaC …

December 11, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Petrobras, Equinor stake out opposite renewables strategies in Brazil

Reuters


RIO DE JANEIRO  – Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce …

Source: Reuters

Energy group Equinor aims for net zero emissions by 2050

Reuters


OSLO – Norwegian energy company Equinor EQNR.OL aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, its new chief executive said as he took …

Source: Reuters

Microsoft in deal with Equinor for Norway CO2 storage project

Reuters


OSLO  – Microsoft Corp on Wednesday signed a memorandum of understanding with Norway’s Equinor to explore the use of a carbon dioxide storage facility as the tech firm seeks to cut its carbon footprint, the Norwegian oil ministry said.…

Source: Reuters

Equinor should have addressed ‘significant’ problems in U.S. sooner: chairman

Reuters


LONDON – A report on Norwegian energy firm Equinor’s EQNR.OL loss-making investment in the United States detailed significant problems the state-controlled company should have dealt with faster, its chair and chief executive said on Friday.

In June, Norway’s energy …

Source: Reuters

Six Norway oil and gas fields shut as strike escalates

Reuters


OSLO – Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said.

The strike will cut Norway’s total output capacity by just over 330,000 barrels …

October 5, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Big potential, but challenges to overcome: A look at offshore wind in the U.S.

CNBC


Stretching for thousands of miles, the east coast of the United States is home to major cities, stunning beaches and millions of people. Soon, though, it could also host several major offshore wind farms, a development that would have

Source: Reuters

BP enters offshore wind with $1.1 billion Equinor deal

Reuters


OSLO/LONDON – BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s Equinor, a significant step by the oil firm towards its energy transition goals.

The …

Source: Reuters

Equinor beats earnings forecasts as refinery and trading shines

Reuters


OSLO – Equinor on Friday reported a drop in second-quarter operating profit but a strong performance from its refinery and trading business helped to counter a coronavirus-led slump in oil and gas prices allowing the group to beat forecasts.…

Source: Reuters

Repsol’s long-term oil price outlook aligns with rivals

Reuters


LONDON  – Spanish energy major Repsol (REP.MC) lowered its oil price LCOc1 assumptions on Thursday, bringing its long-term outlook in line with most European rivals which have booked writedowns and leaving Equinor as a bullish outlier in …

Source: Reuters

Norway parliament grants more tax relief to oil sector

Reuters


OSLO – Norway’s parliament has agreed additional tax breaks for the oil industry on top of those proposed by the minority government to spur investment and protect jobs, the ruling Conservative Party said on Monday.

Equinor and other companies …

Source: Reuters

Equinor powers ahead with floating wind turbines despite oil crash

Reuters


OSLO – Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said.

The long-planned project is …

Source: CNBC

Norwegian energy major Equinor to run ship fitted with ammonia fuel cells

CNBC


The European Union has awarded 10 million euros ($11.05 million) in funding to a scheme that is aiming to install an ammonia-powered fuel cell on a ship.

The beneficiary of the money, the ShipFC project, is a consortium of

Source: Reuters

Shell writes down up to $2.3 billion on weaker economic outlook

Reuters


Royal Dutch Shell (RDSa.L) said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic …

Source: Reuters

Equinor to drill 30-40 exploration wells and target Brazil in 2020

Reuters


OSLO – Norway’s Equinor plans to drill 30-40 oil and gas exploration wells globally in 2020, similar this year, with Brazil being a “hotspot” of its international efforts, the company’s exploration head said on Tuesday.

The company will drill …

Equinor to build first offshore floating wind to power oil and gas operations

Equinor to build first offshore floating wind to power oil and gas operations

Source: Houston Chronicle


Equinor said Friday it will build the first-ever offshore floating wind development designed to power its oil and gas platforms off the coast of Norway.

The roughly $550 million Hywind Tampen project will be built about 85 …

October 11, 2019 - 9:15 am Closing Bell Story‎, International, Offshore
Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County

From The Houston Chronicle


A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County.

The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease …