Tag Archives: Equinor (Statoil)

The strong increase in oil and gas production helped BP to offset weaker crude prices and refining profit.

Two North Sea farm-out deals were announced today in another sign that the mature UK basin can still generate fresh investment for oil and gas projects.

They are expected to help create more than 1.600 new jobs.

The field was pumping around 290.000 bpd prior to the shutdown.

The growing size of offshore turbines and wind farms. extending beyond 200m in height and occupying tens of kilometres. has challenged traditional wind farm models.

The big ticket buyout of renewable electricity from Equinor’s Hywind project could make it a stronger business in the sector. according to a top energy analyst.

The 1.100MW Ocean Wind offshore wind farm is expected to power more than half a million homes.

Speaking after reports that ExxonMobil is preparing to put its Norwegian upstream portfolio up for sale. Neivan Boroujerdi. principal analyst. Europe upstream. at Wood Mackenzie.

One of Exxon Mobil Corp.‘s largest shareholders. Legal &. General Group Plc. has divested 19 of its funds from the company and will ask its clients if it can withdraw more money. saying the oil and gas producer isn’t adequately addressing climate change.

Norwegian energy giant Equinor has announced that it has bought up interest in a Brazilian oil discovery for more than £300 million.