Tag Archives: Equinor

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

TotalEnergies, Equinor and Shell Drive Phase Two of Northern Lights: More than €660M Investment to Boost CO₂ Storage Beyond 5 Mt/Year

(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

Equinor Strengthens European Energy Security with New Halten East Gas Exports

(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

Equinor, Okea and Pandion Confirm Promising Gas Discovery in Mistral Sør, Bolstering European Energy Security

(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

Equinor Reports Strong Q4 Results and Announces Up to USD 5 Billion Share Buy-Back for 2025

(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

Equinor Launches First Tranche of USD 1.2 Billion Share Buy-Back Programme for 2025

(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

Equinor Expands Offshore Fleet with New Leonardo AW189 Helicopters to Strengthen NCS Operations

(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

Equinor’s Troll Field Sets New Production Record in 2024, Strengthening Europe’s Energy Security

(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