Tag Archives: Equinor

Equinor and Deepak Fertilisers Forge Long-Term LNG Supply Partnership

(IN BRIEF) Equinor and Deepak Fertilisers have inked a significant 15-year agreement for the supply of liquefied natural gas (LNG), commencing deliveries in 2026. Drawing from Equinor’s expansive global LNG portfolio, which encompasses production from the Hammerfest LNG Plant in … Read the full press release

Equinor Unveils Proposed Cash Dividends for Q4 2023: USD 0.35 Ordinary and Extraordinary

(IN BRIEF) Equinor (OSE: EQNR, NYSE: EQNR) announces its proposed cash dividends for the fourth quarter of 2023. Shareholders can expect an ordinary cash dividend of USD 0.35 per share, along with an additional extraordinary cash dividend of USD 0.35 … Read the full press release

Equinor Initiates Tranche One of USD 1.2 Billion Share Repurchase Programme

(IN BRIEF) Equinor (OSE: EQNR, NYSE: EQNR) announced the commencement of the first tranche of its share buy-back programme for 2024, starting on February 8, 2024. As part of this tranche, shares worth up to USD 396 million will be … Read the full press release

Equinor Posts Robust Q4 Earnings of USD 8.68 Billion Amid Strategic Growth Moves

(IN BRIEF) Equinor, a leading energy provider, reported strong financial results for the fourth quarter of 2023, recording adjusted earnings of USD 8.68 billion and USD 1.88 billion after tax. The quarter saw significant operational achievements, including a 2.1% production … Read the full press release

Equinor’s 2023 Safety Results Show Positive Trends and Reduced Incidents

(IN BRIEF) Equinor, a leading energy company, has reported positive safety trends in its 2023 safety results. The serious incident frequency per million hours worked (SIF) remained stable at 0.4 in the fourth quarter of 2023 compared to the end … Read the full press release

bp and Equinor Restructure Ownership in US Offshore Wind Projects to Optimize Development Strategies

(IN BRIEF) bp and Equinor have entered into an agreement to restructure the ownership of their joint US offshore wind projects, resulting in bp acquiring Equinor’s 50% stake in the Beacon Wind 1 and 2 projects, while Equinor takes ownership … Read the full press release

Enhanced Emergency Preparedness: Equinor Contracts Lufttransport RW AS for SAR Operations

(IN BRIEF) Equinor has chosen Lufttransport RW AS to operate two new search and rescue (SAR) helicopters for the Troll and Oseberg areas, boosting helicopter capacity. Lufttransport is now the third helicopter operator eligible for Norwegian Continental Shelf (NCS) assignments. … Read the full press release

Equinor Advances UK’s Green Energy Goals with Blandford Road Battery Storage Operation

(IN BRIEF) Equinor has commenced operations at its Blandford Road battery storage facility in the UK, marking a significant milestone in its efforts to provide flexible power solutions and support the country’s transition to low-carbon energy. The 25 MW/50 MWh … Read the full press release

Equinor and bp Terminate Empire Wind 2 OREC Agreement Amid Economic Challenges

(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release

Equinor and SOCAR Forge Agreement on Azerbaijan Asset Divestment and Low-Carbon Collaboration

(IN BRIEF) Equinor has signed an agreement to sell all its remaining assets in Azerbaijan to SOCAR (State Oil Company of Azerbaijan Republic). These assets include stakes in the Azeri Chirag Gunashli (ACG) oil fields, the Baku-Tbilisi-Ceyhan (BTC) pipeline, and … Read the full press release

Equinor and Shell Approve Sparta Project to Boost Gulf of Mexico Production

(IN BRIEF) Equinor and Shell Offshore Inc. have jointly made the final investment decision for the Sparta deepwater development in the US Gulf of Mexico. Equinor holds a 49 percent stake in the project, which is expected to produce up … Read the full press release

Equinor to Acquire Shell’s Stake and Operatorship of Linnorm Discovery in Norwegian Sea

(IN BRIEF) Equinor has reached an agreement to purchase Shell’s equity stake and operatorship of the Linnorm discovery in the Norwegian Sea. This acquisition will grant Equinor a 30% interest in PL 255, which covers the Linnorm discovery, subject to … Read the full press release

Equinor Agrees to Sell Nigerian Business and Agbami Oil Field Stake to Chappal Energies

(IN BRIEF) Equinor has reached an agreement to divest its Nigerian business, including its 53.85% ownership in oil and gas lease OML 128, which encompasses a 20.21% stake in the Agbami oil field operated by Chevron, to Nigerian-owned Chappal Energies. … Read the full press release

Equinor Announces Second Quarter 2023 Dividend Payouts

(IN BRIEF) Equinor ASA has disclosed the dividend payouts for the second quarter of 2023. The company will distribute an ordinary cash dividend of USD 0.30 per share and an extraordinary cash dividend of USD 0.60 per share. The NOK … Read the full press release

Equinor Makes Commercially Viable Gas Discovery Near Gina Krog Field in the North Sea

(IN BRIEF) Equinor has announced a commercially viable gas discovery near the Gina Krog field in the North Sea. Although the discovery is relatively small, it is considered commercially viable due to its ability to leverage existing infrastructure by the … Read the full press release

Gasum Secures Second LNG Cargo for Finnish Market Amid Pipeline Disruption

(IN BRIEF) Gasum has successfully delivered its second liquefied natural gas (LNG) cargo to the Inkoo floating storage regasification unit (FSRU) in Finland. The cargo, provided by Gasum’s partner Equinor, arrived on November 5th and is being regasified for integration … Read the full press release

Equinor and RWE Enter 5-Year Natural Gas Supply Agreement to Foster Energy Security and Transition

(IN BRIEF) Equinor and RWE have signed a new supply agreement for natural gas, covering a period of five years starting in October. The agreement entails the supply of 10 to 15 terrawatt hours (TWh) of natural gas annually, strengthening … Read the full press release

RWE and Equinor Forge Long-Term Natural Gas Supply Deal to Bolster Energy Security and Transition

(IN BRIEF) RWE, an energy company based in Germany, has signed a new supply agreement with Equinor, a Norwegian energy company, for natural gas. The agreement spans five years, starting in October, with an annual volume ranging from 10 to … Read the full press release

Low-Carbon Hydrogen Focus: RWE and Equinor’s Innovative Value Chain

(IN BRIEF) RWE and Equinor have entered into a new supply contract for 10 to 15 terawatt hours (TWh) of natural gas annually, spanning until 2028. This collaboration strengthens their longstanding partnership and aims to enhance security of supply and … Read the full press release

Equinor and Partners Achieve Early Success with Breidablikk Field Production in North Sea

(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and ConocoPhillips, has started production at the Breidablikk field in the North Sea, four months ahead of schedule and within budget. The subsea field, tied to the Grane platform, contains nearly … Read the full press release

Global Energy Giant Equinor Records Continued Safety Improvements in Q3 2023

(IN BRIEF) Equinor, a global energy company, reports a continued improvement in safety as it records a decline in serious incidents and injuries per million hours worked in the third quarter of 2023. The serious incident frequency remains steady at … Read the full press release

Major Investment: Equinor and Ithaca Energy Greenlight $3.8 Billion Rosebank Project on UKCS

(IN BRIEF) Equinor and Ithaca Energy have committed $3.8 billion to Phase 1 of the Rosebank development in the UK North Sea. The project aims to recover around 245 million barrels of oil from the Rosebank field, located approximately 130 … Read the full press release

Equinor and OMV Extend Gas Contract to Enhance European Supply Chain

(IN BRIEF) Equinor has entered into a new five-year gas sales agreement with OMV, Austria’s major energy company. Starting from October 1, this year, the deal involves an annual gas volume of 12 TWh, with delivery to OMV’s European portfolio … Read the full press release

Equinor’s Johan Castberg Project Sees Nearly NOK 13 Billion Cost Increase, But Production Timeline Unchanged

(IN BRIEF) The Johan Castberg partnership, consisting of Equinor, Vår Energi, and Petoro, has announced an upward revision of the project’s cost estimate, with an increase of nearly NOK 13 billion compared to the previous year. Despite these cost escalations, … Read the full press release

Equinor’s Eirin Gas Field Development to Boost European Gas Supply and Extend Gina Krog’s Productive Life

(IN BRIEF) Equinor, in collaboration with KUFPEC Norway, has submitted a plan for the development and operation (PDO) of the Eirin gas field, set to deliver a significant supply of natural gas to Europe. With recoverable reserves of approximately 27.6 … Read the full press release

DNV Awarded Certification Contract for Equinor and Polenergia’s Baltyk II and Baltyk III Offshore Wind Farms in Poland

(IN BRIEF) DNV, the independent energy expert and assurance provider, has secured a contract from the joint ventures of Equinor and Polenergia S.A., MFW Bałtyk II sp. z o.o. and MFW Bałtyk III sp. z o.o., to certify the Baltyk … Read the full press release

Maersk Partners with Equinor to Supply Green Methanol for Innovative Feeder Vessel

(IN BRIEF) A.P. Moller – Maersk and Equinor have signed an agreement to supply green methanol for Maersk’s new methanol-enabled feeder vessel. The agreement secures green methanol supply from September 2023 to the first half of 2024 for the ship’s … Read the full press release

Equinor Expands Renewable Portfolio in Poland with Acquisition of Wilko Wind Farm

(IN BRIEF) Equinor has acquired a 26 MW onshore wind farm in Poland, known as the Wilko wind farm, from the Helios Group. The wind farm is located in the Wielkopolska province and will be operated by Wento, Equinor’s subsidiary … Read the full press release

Equinor Acquires 25% Stake in US Carbon Capture and Storage Project, Bayou Bend

(IN BRIEF) Equinor has solidified its position in the low-carbon solutions arena with a 25% stake acquisition in Bayou Bend CCS LLC. This partnership bolsters one of the largest US carbon capture and storage (CCS) projects situated along the Gulf … Read the full press release

Equinor Successfully Completes Project to Boost Production from Statfjord Øst Field in Norway

(IN BRIEF) Equinor and its partners have successfully completed a project to increase production by 26 million barrels of oil equivalents from the Statfjord Øst field in Norway. The project was finished with strong safety outcomes and within estimated costs, … Read the full press release

Equinor’s Innovative Steam Turbine Solution to Cut Emissions at Statfjord C Platform by 25%

(IN BRIEF) Equinor and its partners are implementing an innovative solution to enhance energy efficiency and reduce emissions at the Statfjord C platform. The plan involves replacing two gas turbines with a steam turbine powered by heat recovery from gas … Read the full press release

Equinor Announces Q1 2023 Dividend Payouts and Schedule for Oslo and NYSE Shareholders

(IN BRIEF) Equinor ASA, a global energy company, has disclosed its dividend payouts for the first quarter of 2023. On May 4th, 2023, Equinor declared a regular dividend of USD 0.30 per share and an extraordinary dividend of USD 0.60 … Read the full press release

Norwegian Government Greenlights Snøhvit Future Project: Focus on Electrification and Sustainable Gas Production

(IN BRIEF) The Norwegian government has given the go-ahead to the Snøhvit Future project, with certain conditions. This initiative focuses on onshore compression starting in 2028 and plant electrification from 2030. The decision aims to enhance Norway’s position as a … Read the full press release

Equinor strikes oil and gas for eighth time near Troll field in North Sea

(IN BRIEF) Norwegian energy company Equinor has discovered oil and gas near the Troll field in the North Sea for the eighth time since 2019. Named Heisenberg, the discovery well was drilled by the Deepsea Stavanger drilling rig and is … Read the full press release

Equinor erwirbt Beteiligung an fünf Entdeckungen in der Nordsee

(IN KÜRZE) Equinor hat zugestimmt, von Wellesley Petroleum eine Kapitalbeteiligung an fünf Entdeckungen in der Nordsee auf dem norwegischen Festlandsockel zu erwerben. Die Entdeckungen befinden sich in den Gebieten Troll, Fram und Kvitebjørn, wo Equinor seit 2019 sieben Entdeckungen gemacht … Read the full press release

Equinor Acquires Equity Interest in Five North Sea Discoveries

(IN BRIEF) Equinor has agreed to acquire an equity interest in five discoveries in the North Sea on the Norwegian continental shelf from Wellesley Petroleum. The discoveries are located in the Troll, Fram, and Kvitebjørn area, where Equinor has made … Read the full press release

BP adquiere una participación del 55% en la cartera eólica marina de Deep Wind Offshore en Corea del Sur

(NOTICIA EN BREVE) BP ha formado una empresa conjunta con Deep Wind Offshore para desarrollar oportunidades de energía eólica marina en Corea del Sur. Como parte del acuerdo, BP ha adquirido una participación del 55 % en la cartera de … Read the full press release

BP acquires 55% stake in Deep Wind Offshore’s offshore wind portfolio in South Korea

(IN BRIEF) BP has formed a joint venture with Deep Wind Offshore to develop offshore wind opportunities in South Korea. As part of the agreement, BP has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which … Read the full press release

Equinor erteilt Aibel den Auftrag für umfangreiche Änderungen an der LNG-Anlage Hammerfest

(IN KÜRZE) Das norwegische Energieunternehmen Equinor hat Aibel im Namen der Snøhvit-Partnerschaft einen Großauftrag für Modifikationen der Hammerfest LNG-Anlage im Rahmen des Snøhvit Future-Projekts erteilt. Das Projekt umfasst Engineering, Beschaffung, Bau und Installation von zwei neuen Verarbeitungsmodulen für die Onshore-Verdichtung … Read the full press release

Equinor awards Aibel contract for major modifications to Hammerfest LNG plant

(IN BRIEF) Norwegian energy company, Equinor, has awarded a major contract to Aibel on behalf of the Snøhvit partnership for modifications to the Hammerfest LNG plant as part of the Snøhvit Future project. The project involves engineering, procurement, construction, and … Read the full press release