Post Tagged with: "Equinor"

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 …

Source: Royal Dutch Shell

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

By Tyler Losier, Energy Reporter, Oil & Gas 360

Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

From Reuters


A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares.

BP’s second quarter contrasts with Total (TOTF.PA) and …

Source: Wintershall Dea

Total Plans $5 Billion of Asset Sales to Future-Proof Business

From Reuters


French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on …

Source: Equinor

Equinor Trades Up to Boost Interest in Johan Sverdrup Field

By Tyler Losier, Energy Reporter, Oil & Gas 360

Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million
Norwegian supermajor Equinor ASA (stock ticker: EQNR) has

Source: Data Gumbo

GE Oil & Gas Alum Joins Tech Company as CCO

By Tyler Losier, Energy Reporter, Oil & Gas 360

Sergio A. Tuberquia joins Data Gumbo as chief commercial officer
Data Gumbo, a blockchain-as-a-service (BaaS) company based in Houston, has tapped Sergio A. Tuberquia for the position of chief commercial officer.

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

By Tyler Losier, Energy Reporter, Oil & Gas 360

Partnership seeks to redevelop offshore asset
ExxonMobil (stock ticker: XOM) has entered into a production sharing agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels in order to

Equinor Snatches GOM Asset from Delek’s Outstretched Hand

Equinor Snatches GOM Asset from Delek’s Outstretched Hand

Expands Caesar Tonga interest

By Richard Rostad, analyst, Oil & Gas 360

Equinor (ticker: EQNR), formerly Statoil, announced several moves this week, expanding its offshore activities in both the GOM and North Sea.

On Monday Equinor announced it has exercised …

Norway’s Equinor aims to start oil exploration off Australia in 2020

Norway’s Equinor aims to start oil exploration off Australia in 2020

From Reuters

Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests.…

February 19, 2019 - 2:10 pm Closing Bell Story‎, Crude Oil News, Energy News
Brexit or Not, Britain’s Oil and Gas Business Is Booming

Brexit or Not, Britain’s Oil and Gas Business Is Booming

From The Wall Street Journal

Norwegian oil giant Equinor AS is doing something few companies have dared to do ahead of the U.K.’s planned exit from the European Union. It’s investing in Britain.

The state-backed energy company formerly known as

December 13, 2018 - 6:00 am Closing Bell Story‎, Energy News
UK Continental Shelf Still Worth Oil Investment Despite Brexit

UK Continental Shelf Still Worth Oil Investment Despite Brexit

From Reuters

Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country’s plans to leave the European Union, a senior executive told Reuters.

British Prime Minister Theresa May abruptly decided on …

December 11, 2018 - 6:47 am Closing Bell Story‎, Crude Oil News, Energy News, Offshore
Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

From Houston Chronicle

 

Norwegian oil giant Equinor will soon be returning to the Eagle Ford Shale of South Texas for a new round of drilling.

The exploration and production company has filed for its first new drilling permits in …

November 30, 2018 - 1:00 pm Closing Bell Story‎, Energy News, Industry Insights