Tag Archives: Equinor (Statoil)

Equinor and its partners have made an oil and gas discovery in a prospect near the Gullfaks field in the northern part of Norway’s North Sea, the Norwegian Offshore Directorate said on Monday. Equinor, as operator of a production license, and its partners Petoro and OMV made the discovery in …

Norwegian energy company Equinor has signed a five-year agreement to supply up to 0.5 billion cubic meters (bcm) of natural gas per year to Dutch utility Eneco, Trend reports via Equinor. Deliveries to the Dutch gas grid began on 1 February. The gas supplied under the deal has a lower-than-average …

Equinor slashed the amount of share repurchases for 2026 to $1.5 billion from $5 billion last year while it narrowly missed earnings estimates for the fourth quarter of 2025, as higher upstream production couldn’t offset the lower oil and gas prices. The Norwegian major on Wednesday reported adjusted operating income …

Equinor will sell all its assets in Argentina’s Vaca Muerta basin to Vista Energy in a cash and stock deal worth $1.1 billion, the Norwegian energy major said on Monday as it continues to high-grade its international portfolio. The deal includes Equinor’s 30% non-operated interest in the Bandurria Sur asset …

Norway’s Equinor said it had suspended work on the offshore wind project Empire Wind 1 following a Monday stop-work order issued by the Trump administration. The order relates to a pause on the leases of five offshore wind power projects, declared by the Department of the Interior on national security …

Equinor announced on Friday two gas and condensate discoveries in the Norwegian part of the North Sea in its largest discoveries so far this year that can be developed through existing infrastructure. Equinor made the discoveries in the Lofn and Langemann wells in the Sleipner area of the North Sea, …

Despite current challenges, Equinor still believes in the long-term prospects of offshore wind and will take part with $939 million in the $9.4-billion rights issue of the world’s offshore wind developer Ørsted, in which the Norwegian energy major holds 10%. Ørsted last month announced plans for a $9.4 billion (60 …

Equinor and its partners have decided to invest $1.3 billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil-producing field. The Phase 3 development plan includes two new subsea templates, which will be tied into existing infrastructure …

The Johan Castberg oilfield in the Barents Sea has reached full capacity of 220,000 barrels per day (bpd), operator Equinor said on Friday, noting that peak capacity has been reached just three months after the field in Norway’s Arctic waters came on stream. Seventeen of a total of 30 wells …

Equinor reiterated on Wednesday it plans to return $9 billion to shareholders in dividends and buybacks this year despite a slight miss in its first-quarter earnings. The Norwegian energy giant reported today adjusted operating income after tax of $2.25 billion for the first quarter of 2025, down from $2.57 billion …