Tag Archives: Equinor

Equinor backs Ørsted’s Rights Issue with up to DKK 6 billion investment and plans board nomination

(IN BRIEF) Equinor has confirmed its participation in Ørsted’s planned Rights Issue, committing to subscribe for up to DKK 6 billion (USD 939 million) to maintain its 10% ownership stake. The decision follows dialogue with Ørsted and reflects Equinor’s confidence … Read the full press release

Northern Lights begins operations as TotalEnergies, Equinor and Shell deliver Europe’s first CO₂ transport and storage service

(IN BRIEF) TotalEnergies, Equinor and Shell have officially started operations at Northern Lights, the world’s first merchant CO₂ transport and storage project. The first volumes of CO₂ were shipped from Heidelberg Materials’ cement factory in Brevik to the Øygarden terminal … Read the full press release

Northern Lights stores first CO₂ volumes as world’s first open-access CCS network begins operations

(IN BRIEF) Northern Lights, the world’s first open-access CO₂ transport and storage network, has officially started operations by injecting the first CO₂ volumes into the Aurora reservoir 2,600 meters beneath the North Sea. Owned by Equinor, Shell and TotalEnergies, the … Read the full press release

Equinor and partners confirm new North Sea oil and gas discovery in Fram area north of Troll

(IN BRIEF) Equinor and its partners Vår Energi and INPEX Idemitsu have struck oil and gas in the Fram area of the North Sea, about nine kilometres north of the Troll field. Exploration well 35/11-31 S confirmed petroleum in two … Read the full press release

DNV secures contract to oversee quality for Net Zero Teesside Power and Northern Endurance Partnership CCS projects

(IN BRIEF) DNV has been awarded a three-year contract to provide quality assurance and inspection services for Net Zero Teesside Power and the Northern Endurance Partnership, two cornerstone CCS projects in North East England. Covering everything from equipment inspections to … Read the full press release

ORLEN and partners confirm 134 million barrel discovery in Yggdrasil with record-breaking drilling campaign

(IN BRIEF) ORLEN Upstream Norway, with operator Aker BP and partners Equinor and Petoro, has confirmed the largest oil discovery on the Norwegian Continental Shelf in 2025, with estimated recoverable volumes of 96–134 million barrels of oil equivalent. The Omega … Read the full press release

TotalEnergies Starts 60,000 bpd from BEGONIA and CLOV Phase 3 Offshore Tie‑Backs in Angola

(IN BRIEF) TotalEnergies has initiated oil production from its BEGONIA and CLOV Phase 3 subsea tie‑back projects in Angolan offshore Blocks 17/06 and 17, adding a combined 60,000 bpd by utilizing existing PAZFLOR and CLOV FPSO capacity. BEGONIA, the first inter‑block development on 17/06, ties … Read the full press release

Equinor Uncovers 9–15 Million Barrels in Drivis Tubåen Well on Johan Castberg Field

(IN BRIEF) Equinor’s latest Barents Sea exploration well, Drivis Tubåen (7720/7-DD-1H), has uncovered 9–15 million barrels of oil within the Tubåen formation. Drilled as an offset from a production well by the Transocean Enabler, the discovery will be evaluated for … Read the full press release

DNV and 20 Industry Leaders Complete Validation of Wind Farm Flow Control for Bankable Deployment

(IN BRIEF) After 18 months of collaboration with 20 leading energy companies, DNV has validated wind farm flow control (WFFC) technology using its LongSim CFD platform. The joint industry project generated the most comprehensive performance dataset to date and agreed … Read the full press release

DNV Introduces Enhanced KFX Software for Accurate CO₂, Ammonia, and Hydrogen Risk Modeling

(IN BRIEF) DNV’s new KFX release enhances CFD simulations with specialized models for CO₂, ammonia, and hydrogen, enabling precise predictions of dry-ice formation, spray absorption, and explosion dynamics. Developed with Equinor, TotalEnergies, Vår Energi, and Horisont Energi, the update supports … Read the full press release

Equinor’s BeGreen Subsidiary Brings 65 MW Ingerslev Å Solar Plant Online in Denmark

(IN BRIEF) Equinor’s subsidiary BeGreen has commenced operations at the 65 MW Ingerslev Å solar plant in Jutland, Denmark—BeGreen’s inaugural project since its 2023 acquisition. Senior VP Anders Bade highlighted that this step supports Equinor’s aim to build a robust … Read the full press release

Equinor’s Johan Castberg Hits 220,000 bpd Plateau Just Three Months After First Oil

(IN BRIEF) Equinor’s Johan Castberg field reached its intended plateau production of 220,000 barrels per day on 17 June, just three months after its FPSO vessel began operations on 31 March. Seventeen wells are currently online and delivering as forecast. … Read the full press release

Heidelberg Materials Inaugurates Brevik CCS Facility to Capture 400 000 Tonnes of CO₂ and Deliver Net-Zero Concrete

(IN BRIEF) Heidelberg Materials inaugurated Brevik CCS—the cement industry’s first industrial-scale carbon capture and storage plant—at a ceremony attended by Crown Prince Haakon, Energy Minister Terje Aasland, and Dr Dominik von Achten. The facility will capture 400,000 tonnes of CO₂ … Read the full press release

KfW IPEX-Bank Supports Major Polish Offshore Wind Farms with EUR 3 Billion Financing

(IN BRIEF) KfW IPEX-Bank has played a leading role in financing the Baltyk 2 and Baltyk 3 offshore wind farms in Poland, each with a 740 MW capacity. With a EUR 3 billion financing for each project, KfW IPEX-Bank, as … Read the full press release

Equinor’s Empire Wind Project Moves Forward, Construction Resumes Following BOEM Approval

(IN BRIEF) Empire Offshore Wind LLC, a subsidiary of Equinor ASA, has resumed construction on the Empire Wind project after the Bureau of Ocean Energy Management lifted the stop work order. The project, which is more than 30 percent complete, … Read the full press release

Equinor Achieves Record-Low Incident Rate as Safety Culture Strengthens

(IN BRIEF) Equinor has reported its best safety performance to date at the close of Q1 2025, with a serious incident frequency of 0.28 per million hours worked and a year-long TRIF of 2.2. No major accidents or serious well … Read the full press release

Equinor Unveils New Power Business Area and Appoints Helge Haugane as EVP to Propel Sustainable Growth and Reliability in Global Energy Markets

(IN BRIEF) Equinor has established a new Power business area by integrating its renewable energy assets with flexible power solutions from its MMP division. This strategic initiative is aimed at addressing the growing global demand for electricity fueled by increased … Read the full press release

EIB Funds Beccs Stockholm, Pioneering Negative Emissions Technology to Outpace Stockholm Traffic Emissions

(IN BRIEF) The European Investment Bank has granted a €260 million loan to Stockholm Exergi to construct Sweden’s first large-scale BECCS facility at Värtaverket, expected to be operational by 2028. The project, Beccs Stockholm, will capture up to 800,000 tonnes … Read the full press release

Equinor Boosts Norwegian Deliveries and Employment, Paving the Way for Ambitious 2035 Targets

(IN BRIEF) The 2024 report on Equinor’s deliveries in Norway shows significant growth, with procurement reaching NOK 142.6 billion—up from NOK 134 billion in 2023. An impressive 93% of these deliveries were sourced from Norwegian suppliers across 260 municipalities, creating … Read the full press release

DNV Launches Groundbreaking Digital Framework to Transform Energy Asset Management

(IN BRIEF) DNV has launched DNV-RP-0670, an asset information modelling framework designed to modernize asset information management in the energy sector. The framework establishes a common digital language that streamlines information flow among organizations and IT systems, replacing outdated document-driven … Read the full press release