(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged Anders Opedal, appointment, artificial intelligence, competitive, data centers, electrification, energy storage, energy transition, Equinor, Executive Vice President, flexible power, gas to power, global demand, Helge Haugane, INNOVATION, leadership, low-carbon energy, Marketing Midstream and Processing, MMP, Net Zero Teesside, Offshore wind, onshore wind, Poland, Power business area, PWR, renewables, Solar, Strategic Realignment, sustainability, sustainable growth, Triton Power, UK, US, value creation
(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
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology
Tagged 000 tonnes CO₂, 800, Anders Egelrud, BECCS, Beccs Stockholm, carbon capture and storage, CCS, climate goals, EIB, Equinor, European Investment Bank, Microsoft, negative emissions, net zero, Nordic industry, Northern Lights project, partnership, Shell, Stockholm Exergi, Stockholm road traffic emissions, Thomas Östros, TotalEnergies, urban air quality, Värtaverket
(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
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged 000 full-time equivalents, 2035 targets, 260 municipalities, 85, development projects, development wells, electrification projects, Employment, Equinor, exploration, exploration wells, Hywind Tampen, Johan Castberg, Kjetil Hove, Kunnskapsparken Bodø, NOK 142.6 billion, northern lights, Norwegian Continental Shelf, Norwegian deliveries, Norwegian suppliers, onshore facilities, renewable energy, subsea developments
(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
Posted in Business, Energy, Gas & Oil, Industrial, News, Norway, Technology
Tagged Aibel, Aker BP, Aker Solutions, artificial intelligence, asset information modelling, automation, compliance verification, cost savings, data-driven, digital language, DNV, DNV-RP-0670, energy sector, Equinor, Helge Ferdinand Schjøtt, information silos, interoperability, Lillian Hella, Lucy Craig, Norwegian Continental Shelf, Operational Efficiency, POSC Caesar Association, SIRIUS Centre, standardization
(IN BRIEF) TotalEnergies, Equinor, and Shell have confirmed phase two of the Northern Lights project, which will increase its CO₂ transport and storage capacity from 1.5 million to over 5 million tons per year by 2028. The project, which is … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Investment, Norway
Tagged Brevik, carbon capture, CCS, climate targets, CO₂ storage, Equinor, Europe, final investment decision, Heidelberg Materials, industrial emissions, Nicolas Terraz, NOK 7.5 billion, northern lights, phase two, Shell, Stockholm Exergi, Tim Heijn, TotalEnergies, underground storage, Øygarden
(IN BRIEF) Equinor has announced that natural gas from its Halten East field will be exported to Europe, a move that significantly strengthens the region’s energy security. The press release details how years of investment and technological advancements have enabled … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged digital innovation, economic recovery, energy security, energy transition, environmental stewardship, Equinor, Europe, Halten East, natural gas, offshore production, Operational Excellence, partnership, sustainability, sustainable energy
(IN BRIEF) Equinor, in partnership with Okea and Pandion Energy, has confirmed a commercial gas and condensate discovery in the Mistral Sør exploration well located in the Halten area of the southern Norwegian Sea. Preliminary assessments estimate recoverable oil equivalent … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology
Tagged 15/8-G-4 Utgard, 4024 metres depth, commercial discovery, condensate, Data Acquisition, Deepsea Atlantic, Deepsea Atlantic rig, Equinor, European energy security, existing infrastructure, Garn Formation, gas, Grete B. Haaland, Halten area, hydrocarbon column, Ile Formation, Kristin Sør, Lavrans field, Linnorm, Middle Jurassic sandstone, Mistral Sør, Norwegian Continental Shelf, Norwegian Sea, OKEA, Pandion Energy, partnership, production licence 1119, recoverable oil equivalent, reservoir properties, sampling, sustainability, tie-back
(IN BRIEF) Equinor reported strong financial results for Q4 2024, with adjusted operating income of USD 7.90 billion and net income of USD 2.00 billion. The company proposed a fourth-quarter dividend of USD 0.37 per share and announced a share … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged 2024, adjusted operating income, Anders Opedal, capital distribution, capital expenditure, carbon capture, carbon intensity, CO2 storage, dividend, Earnings per share, Equinor, fourth-quarter results, Free cash flow, Johan Sverdrup, low carbon solutions, Net income, net-zero ambition, Norwegian Continental Shelf, oil and gas production, oil and gas production growth, operational performance, production growth, renewable energy, return on average capital employed, share buy-back, shareholder returns, Troll field
(IN BRIEF) Equinor has announced the start of the first tranche of its 2025 share buy-back programme, set to repurchase up to USD 396 million worth of shares from the market, part of a broader programme valued at USD 5 … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged 2025, 67% ownership, AGM, Capital reduction, Equinor, EU Commission Regulation No 2016/1052, EU Market Abuse Regulation, financial position, market repurchases, Norwegian Securities Trading Act, Norwegian State, Oslo Stock Exchange, price range, safe harbour provisions, share buy-back programme, share repurchase, shares redemption, third-party entity, USD 1.2 billion, volume-weighted average price
(IN BRIEF) Equinor has awarded Tromsø-based Lufttransport RW AS the contract to operate five new Leonardo AW189 helicopters on the Norwegian Continental Shelf (NCS), enhancing its fleet for offshore transportation services. These helicopters, arriving in 2025 and 2026, will replace … Read the full press release
Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged AW189 helicopters, Bell 525, Bristow, CHC, decarbonization, environmental considerations, Equinor, Florø, helicopter fleet, helicopter leasing, helicopter safety features, Leonardo AW189, Lufttransport, Lufttransport RW AS, Milestone Aviation Group, NCS, NCS shuttle services, Norwegian Continental Shelf, offshore operations, offshore personnel transport, partnership, safety, Sola, sustainability, trade unions
(IN BRIEF) The Troll field in the North Sea reached a historic production milestone in 2024, producing 42.5 billion standard cubic meters of natural gas, a nearly 10% increase from the previous record in 2022. This growth is attributed to … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Awards, energy security, Equinor, Helge Haugane, Kjetil Hove, leadership, sustainability, Troll field
(IN BRIEF) Equinor has secured over USD 3 billion in financing for its Empire Wind 1 offshore wind project in the U.S., with financial close reached in December 2024. The project, which will power 500,000 homes in New York by … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Investment, Norway
Tagged BP, capital investment, construction jobs, Empire Wind, Empire Wind 1, energy security, Equinor, financial close, financing, Jens Økland, Long Island, Molly Morris, New York, New York City grid, New York State Energy Research and Development Authority, offshore wind farm, PSA, renewable energy, SBMT, South Brooklyn Marine Terminal, tax credits, U.S. offshore wind, union jobs, USD 3 billion, wind energy, wind power
(IN BRIEF) Equinor UK and Shell UK are joining forces to create the largest independent energy producer in the UK North Sea, combining their offshore oil and gas portfolios into a new joint venture. The company, equally owned by both … Read the full press release
(IN BRIEF) Equinor ASA announced a total cash dividend of USD 0.70 per share for Q2 2024, comprising an ordinary and an extraordinary dividend of USD 0.35 each. Based on the average USD to NOK exchange rate of 11.0741, the … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Norway
Tagged Dividend Payments, Equinor, Financial, investment
(IN BRIEF) Four major energy companies—bp, Equinor, Shell, and TotalEnergies—have committed $500 million to address global energy access challenges, particularly in underserved regions like Sub-Saharan Africa, South Asia, and Southeast Asia. This collaborative effort aims to support UN Sustainable Development … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, United Kingdom
Tagged Anders Opedal, BP, Energy Access, Equinor, France, Norway, partnership, Patrick Pouyanné, Shell, South Asia, Southeast Asia, sub-Saharan Africa, sustainability, TotalEnergies, UK, UN Sustainable Development Goal 7 (UN SDG7), Underserved Regions, Wael Sawan
(IN BRIEF) Equinor has acquired an additional 11.8% stake in the Halten East Unit from Sval Energi, increasing its ownership to 69.5%. Halten East, an offshore project in the Norwegian Sea, holds around 100 million barrels of oil equivalent, mostly … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged acquisition, Equinor, Europe, gas exports, Grete Birgitte Haaland, Halten East Offshore Project, ownership, partnership, sustainability, Sval Energi
(IN BRIEF) Equinor provided updates on 13 key development projects in Norway, which together represent a total investment of 198 billion kroner. The projects, aimed at ensuring a secure energy supply to Europe, include the Johan Castberg and Oseberg gas … Read the full press release
(IN BRIEF) The Northern Lights CCS facility in Norway is now operational, becoming the world’s first cross-border CO2 transport and storage project. A joint venture between Equinor, Shell, and TotalEnergies, it is part of Norway’s Longship initiative and aims to … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged Anders Opedal, carbon capture and storage (CCS), Equinor, Northern Lights Facility, Norway, partnership, Shell, sustainability, TotalEnergies
(IN BRIEF) Ørsted has entered into an agreement with Equinor to supply 330,000 tonnes of carbon dioxide removal (CDR) credits over ten years, as part of Ørsted’s Kalundborg CO2 Hub project. This project, starting in 2026, will capture 430,000 tonnes … Read the full press release
(IN BRIEF) Equinor has partially electrified its Troll B and C platforms, cutting annual CO2 emissions by 250,000 tonnes as part of the Troll West Electrification (TWEL) project. This move is in line with the company’s goal to halve emissions … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway
Tagged CO2 emissions, Equinor, sustainabilty, Troll B and C Platforms
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