Tag Archives: Equinor

Norway’s Northern Lights Facility: World’s First Cross-Border CO2 Storage Ready to Launch

(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

Ørsted and Equinor Partner in Major Carbon Removal Deal to Drive Negative Emissions

(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

Equinor Reduces CO2 Emissions by 250,000 Tonnes Annually with Partial Electrification of Troll B and C Platforms

(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

Equinor Powers Platform Supply Vessel with Gasum’s Bio-LNG

(IN BRIEF) Gasum has partnered with Equinor to supply liquefied biomethane (bio-LNG) to Equinor’s platform supply vessel, Island Crusader, in the Port of Dusavik, Stavanger. The initiative, which began in mid-July, involves regular deliveries of bio-LNG, a renewable fuel with … Read the full press release

Equinor Awards Valaris USD 498 Million Contract for Raia Project, Promising Significant Economic and Energy Impact in Brazil

(IN BRIEF) Valaris has secured a major drilling contract from Equinor, Repsol Sinopec Brasil, and Petrobras for the Raia project in Brazil. The project, located in the pre-salt region of the Campos basin, is expected to begin drilling operations in … Read the full press release

Equinor and Partners Commence Production at Lavrans Well in Kristin South Area

(IN BRIEF) Equinor, along with partners Petoro, Vår Energi, and TotalEnergies EP Norge, has commenced production from the first well at the Lavrans field in the Kristin South area, marking the first phase of the Kristin South project. Approved in … Read the full press release

Equinor Expands Onshore Renewables Footprint in Poland with Lipno Solar Plant

(IN BRIEF) Equinor has commenced test production at its third solar plant in Poland, Lipno, marking a significant milestone in expanding its onshore renewables portfolio in the region to approximately 200 MW. This development underscores Equinor’s commitment to strengthening its … Read the full press release

Equinor’s Strategic Move: Eirin Field Development and Ownership Equilibrium

(IN BRIEF) Equinor has announced the sale of 19.5% interests in production licenses PL 048E, home to the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG), effectively balancing ownership with the Gina Krog field. The approval of … Read the full press release

Gasum and Equinor Extend LNG Supply Deal for Cleaner Maritime Transport

(IN BRIEF) Gasum and Equinor have entered into a long-term contract for Gasum to supply LNG to Equinor’s dual-fuel chartered fleet of vessels, building on their successful previous collaboration. Gasum’s bunker vessels Coralius, Kairos, and Coral Energy will facilitate bunkering … Read the full press release

Equinor and Partners Invest NOK 12 Billion to Boost Gas Infrastructure in Troll West

(IN BRIEF) Equinor and Troll partners have committed to investing over NOK 12 billion to enhance the gas infrastructure in the Troll West gas province, aiming to accelerate production from the reservoir and sustain high gas export levels leading up … Read the full press release

Equinor Declares Cash Dividend for Q4 2023

(IN BRIEF) Equinor ASA announced an ordinary cash dividend of USD 0.35 per share and an extraordinary cash dividend of USD 0.35 per share for the fourth quarter of 2023. The NOK cash dividend per share is calculated based on … Read the full press release

Equinor and Petoro Announce Strategic Asset Swap in Haltenbanken Area

(IN BRIEF) Equinor and Petoro have finalized a value-neutral asset swap agreement in the Haltenbanken area, aimed at optimizing ownership in key production hubs. Equinor will increase its stake in the Heidrun field and Noatun discovery while reducing ownership in … Read the full press release

Tragic Helicopter Accident Highlights Safety Priorities Amid Positive Trends

(IN BRIEF) Equinor faced a devastating blow in the first quarter with the loss of a colleague in a helicopter crash, underscoring the paramount importance of safety measures across its operations. While investigations continue into the accident involving Bristow, Equinor … Read the full press release

Trio of Energy Giants Kickstart Mendubim Solar Project in Brazil

(IN BRIEF) Hydro Rein, Equinor, and Scatec have commenced operations at the Mendubim solar project in Brazil’s Rio Grande do Norte state, marking a significant step forward in the country’s renewable energy landscape. Developed through a partnership between the three … Read the full press release

Equinor’s Mendubim Solar Plant Powers Up, Boosting Brazil’s Renewable Portfolio

(IN BRIEF) Equinor celebrates the commencement of operations at the Mendubim solar plant in Brazil, adding 531 MW of solar power to its energy portfolio and marking a 30% increase in its equity power production in the country. The project, … Read the full press release

Equinor Resumes Helicopter Flights After Safety Review

(IN BRIEF) Equinor, following consultation with the Civil Aviation Authority, has made the decision to resume flights with Sikorsky S-92 helicopters to installations on the Norwegian continental shelf (NCS). This decision comes after a temporary suspension of all flights following … Read the full press release

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