Equinor Archives - Page 3 of 7

European oil giants commit $500 million to help boost access to energy

November 15, 2024

(Oil Price) – European oil and gas supermajors BP, Equinor, Shell, and TotalEnergies are committing a joint investment of $500 million to help ensure access to affordable, reliable, sustainable, and modern energy for all. The joint investment commitment is part of the energy majors’ efforts to support promising, high-impact projects, primarily in Sub-Saharan Africa, South, and Southeast Asia. These projects are aimed at

Eni, Equinor deals in Nigeria approved after delay

November 8, 2024

(World Oil) – Nigerian regulators approved the sales of units of Eni SpA and Equinor ASA after months of delay as oil majors continue exiting operations in the West African nation. The acquisitions of Eni’s Nigerian Agip Oil Company Ltd. by Oando and those of Equinor by Project Odinmim Investments Ltd. were announced at an industry event Wednesday in Abuja.

EQT reports third quarter 2024 results and announces non-operated asset divestiture

October 30, 2024

(Oil & Gas 360) – PITTSBURGH, Oct. 29, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) today announced financial and operational results for the third quarter of 2024. Third Quarter 2024 and Recent Highlights: Integration of Equitrans Midstream Corporation (Equitrans) more than 60% complete just three months following the transaction closing; actions taken to date estimated to result in $145 million of annualized base synergies,

$2-trillion funding gap casts shadow over energy transition

April 25, 2024

Oil Price Investments in the energy transition are falling way short of what is needed for its success. The fresh warning comes from BlackRock, which said annual investments in the shift away from hydrocarbons need to almost double from their current record levels. But it’s getting less likely this would ever happen. In a new edition of its Investment Institute

EQT announces non-operated asset transaction with Equinor

April 15, 2024

Oil and Gas 360 PITTSBURGH, April 15, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT”) announced it has entered into an agreement with Equinor USA Onshore Properties Inc. and their affiliates to sell an undivided 40% interest in its non-operated natural gas assets in Northeast Pennsylvania, representing approximately 225 MMcf/d of forecasted 2025 net production. Consideration for the transaction is comprised of $500

Equinor says sanctions prevented it helping on Nord Stream

February 1, 2023

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 underwater explosions ruptured the Nord Stream 1 and Nord Stream 2 pipelines, each more than 1,200-km-long, that link Russia and Germany

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

July 12, 2022

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 Energy had a 4.1-gigawatt pipeline of “early to mid-stage battery storage projects focused on the US East Coast.” According to Equinor, the

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

July 6, 2022

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 (iFEED™) study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas and condensate

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

May 10, 2022

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 the Greater Ekofisk Area and a 19% stake in the Martin Linge field to Sval Energi, Equinor said in a statement Tuesday.

Norwegian energy firm Equinor to exit Russia amid invasion of Ukraine

February 28, 2022

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, to announce its exit from Russia as Western countries ramp up efforts to punish Russia with new sanctions. “In the current situation, we regard our position as untenable,” Equinor

Data Gumbo expands smart contract network with Equinor

January 25, 2022

Oil and Gas 360 NORWAY AND HOUSTON, TEXAS — January 25, 2022 — Data Gumbo, the industrial smart contract network company, today announced that it has signed a contract with Equinor (OSE: EQNR, NYSE: EQNR). GumboNet™ enables transactional certainty with Equinor’s portfolio of service providers across the energy leader’s drilling and well services (IDWS) category, beginning with rollouts in the Norwegian Continental Shelf. The frame

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

November 10, 2021

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 Barents Sea and containing close to 500 million barrels of oil equivalent, the Wisting development is subject to a final investment

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