66 articles
Shell acquires 30% stake in Equinor's Bay du Nord offshore oil project in Canada, advancing the project toward an investment decision targeted for early 2027.
Equinor announced a gas discovery at the Gullfaks South field in the North Sea, with estimated recoverable reserves of 3.3 to 10.3 million barrels of oil equivalent. These resources are expected to re
Brazil awarded over half its offered deep-water oil blocks to majors including Petrobras and Equinor, alongside independent PRIO SA. High premiums were recorded despite limited competition on some pre
Equinor raised the estimated cost of its Snohvit LNG plant upgrade to 26.5 billion kroner due to unforeseen challenges, though completion timelines remain unchanged. The project aims to extend operati
Equinor expects its downstream trading profit to exceed $400 million guidance in Q3, driven by strong European refining margins and LNG trading optimization, with full results due October 28.
Equinor plans to expand its LNG supply portfolio to 10–15 million metric tons annually by the early 2030s to meet European and Asian demand. The Norwegian producer is securing new contracts while dive
The UK government has postponed approval for the Shell and Equinor-backed Jackdaw gas field until after the October by-election, citing the need to consider environmental assessments and public repres
Equinor executives confirm Germany can secure sufficient natural gas imports for winter despite low storage levels, though high prices are anticipated due to geopolitical tensions impacting Qatari LNG
The UK government confirms North Sea oil and gas will remain vital for decades while the Jackdaw field approval decision awaits final determination. Operated by Shell and Equinor, the project aims to
Equinor and ORLEN signed a three-year crude oil supply agreement delivering 5 to 9 million tons annually starting in September. This deal supports Central Europe's energy diversification by covering u
Equinor states that Middle East disruptions make its stalled Tanzania LNG project more viable as an alternative supply source. The company also plans exploration drilling in Namibia later this year.
Equinor, Aker BP, and Vaar Energi plan to cooperate on oil and gas exploration in Norway's frontier areas to combine expertise and sustain value creation beyond 2035.
Germany's Uniper reports filling 70% of contracted natural gas storage despite low economic incentives and geopolitical risks. CEO Michael Lewis noted ongoing purchases and a new supply agreement with
Equinor and Aker BP discovered gas in the Linga prospect northwest of the Balder field, with recoverable estimates between 0.1 and 2.1 million standard cubic metres of oil equivalent.
Germany's Uniper signed a 15-year deal with Norway's Equinor to import over 30 terawatt hours of natural gas annually starting in 2027, strengthening Norway's position as Europe's primary energy suppl
Norway's government appeals a lower court ruling invalidating three oilfield permits over climate concerns, aiming to maintain production at Equinor and Aker BP sites. The outcome impacts Norway's sta
Equinor acquires a 17.4% stake in Chevron's Namibia exploration license 90, joining major energy firms targeting the Orange Basin. This partnership supports Equinor's international expansion and oil o
Equinor acquired a 17.4% stake in Chevron's Namibia petroleum exploration licence (PEL 90), marking its entry into the Orange Basin offshore market with drilling scheduled for 2026.
Petrobras halted a $1 billion gas pipeline study in Brazil due to regulatory uncertainty over a government proposal to auction gas volumes. The measure impacts Equinor's Raia project as well, raising
The global energy sector saw a 122.9% year-over-year profit surge in Q2 2026, led by majors like TotalEnergies and Equinor. High oil prices and supply chain disruptions drove revenue beats despite reg
Norway's Equinor reported doubled profits of $11.5bn in Q2, driven by rising oil and gas prices amidst geopolitical tensions with Iran. Higher production volumes allowed the company to capitalize on B
Equinor CEO warns Europe will miss its 80% gas storage target due to Asian competition and LNG shortages, leaving stocks at 54% and increasing winter price volatility risks.
Equinor posted Q2 adjusted net income of $3.44 billion, beating estimates as geopolitical tensions elevated European gas prices and trading profits. The company maintained production growth and announ
Equinor reported a sharp rise in second-quarter adjusted earnings to $11.48 billion, driven by soaring oil and gas prices amid Middle East tensions. The company plans to double share buybacks while ma
Equinor's chief crude trader David Barratt departed after nine years, amidst a trend of key staff moving to competitors like ExxonMobil. The company reported profits exceeding estimates, though cash f
BP transfers nearly 40% stake in Canada's Bay du Nord oil project to Equinor to simplify its portfolio, with production expected to begin in 2031.
BP sold its 37.2% stake in Canada's Bay du Nord offshore oil project to Equinor, making the Norwegian firm the sole owner. Equinor plans to advance the project toward a final investment decision in ea
Six institutional investors managing over €1 trillion urge the EU to maintain its ban on Arctic oil and gas expansion. This pressure coincides with Norway and Equinor lobbying for production rights as
Norwegian unions secured a 5.2% wage hike to avoid strikes at offshore oil and gas platforms operated by major firms like Equinor and Transocean. This agreement prevents further disruptions to Norway'
Norwegian offshore worker unions entered state-mediated wage talks to prevent a strike that could disrupt the country's oil and gas production. The dispute involves over 7,500 workers across key rigs
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