Tag Archives: Equinor (Statoil)

Norway-based Equinor, a state-owned multi-national energy company, has announced its ambition to become a net-zero energy company by 2050, which includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates the company’s continued commitment to long-term value creation in support of the Paris …

Italian oil and gas major Eni will participate in the upcoming Norwegian offshore wind tender through a newly formed joint venture with Norwegian energy investor HitecVision. The JV called Vårgrønn has the long-term ambition to install renewable energy projects with a capacity of about 1GW by 2030. Eni will own …

Norway’s Equinor aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, the energy producer’s new chief executive said as he took office on Monday. Anders Opedal, the first engineer to lead state-controlled Equinor, plans to …

Norwegian firm Equinor and its partner BP Canada have made two oil discoveries offshore Newfoundland, Canada. Following drilling in the Flemish Pass Basin, the two wells at the  Cappahayden  and  Cambriol prospects proved hydrocarbons presence. However, Equinor said it is too early to provide specific information on volumes present at the two prospects. Equinor …

The COVID-19 pandemic has interrupted the development of Norway’s offshore oil and gas projects, pushing up costs and postponing startups, the government and oil company Equinor said on Wednesday. The costs of ongoing projects rose by 13.2 billion Norwegian crowns ($1.4 billion) from a year ago on an inflation-adjusted basis, …

Norwegian energy giant Equinor has decided to reduce its exploration staff by 30 per cent as the Covid-19 pandemic reduces oil demand. In a statement sent to Offshore Energy, a spokesperson for Equinor said the planned reduction in positions in Equinor’s exploration organisation is around 30 per cent and it …

The coronavirus pandemic that has slammed oil demand and prices is forcing energy majors to tighten their belts on exploration, even if finding new deposits remains essential to their existence. While the sector is increasingly diversifying into greener energies such as wind power, its core business remains oil and gas. …

Norwegian oil and gas giant Equinor has made an oil and gas discovery in the Swisher prospect near the Fram field in the North Sea offshore Norway. Equinor, as the operator of the production licence 248 C, has concluded the drilling of wildcat well 35/11-24 S and appraisal wells 35/11-24 …

Equinor said Wednesday it has partnered up with utilities Jera and J-Power to jointly bid in Japan’s planned first offshore wind auction, Kallanish Energy reports. Together the consortium plans to submit a bid to develop two offshore wind farms as soon as the Japanese government officially launches the tender. The …

Equinor plans to build the world’s largest floating offshore wind farm in South Korea with up to 100 turbines. We have a plan for construction start in 2023, which can give a possible start of production in 2026, confirms press spokesman Erik Haaland in Equinor to Teknisk Ukeblad (TU). It …