Tag Archives: Equinor (Statoil)

The oil and gas industry is embracing new technologies to save time and costs and, most recently, to reduce the carbon footprint of its supply chain as the energy sector is under increased pressure to reward shareholders while helping to fight climate change. Along with artificial intelligence, machine learning, digital …

Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway, which will be a tie-in to the planned development of the Garantiana oil discovery. The wildcat well 34/6-5 S is located in production licence 554 where Equinor is …

Norway is trying to make its dirtiest industry as clean as possible. The multi-billion-dollar plan will do little to reduce the nation’s overall climate impact. The Nordic country will use land-based green hydropower to electrify dozens of offshore oil and gas platforms. That will help meet national climate targets, and …

Europe’s major energy companies profited from a rise in oil prices to report big increases in first-quarter earnings on Thursday, putting the worst of the pandemic era slump in fuel demand behind them. Last year’s demand collapse forced BP, Royal Dutch Shell and Equinor to slash their dividends and preserve …

Norway’s Equinor ASA has decided to stay in the American Petroleum Institute (API) after the major U.S. oil lobby group changed its stance on climate policy. However, Equinor has quit the Australian Petroleum Production and Exploration Association (APPEA) as the firm has wound down operations in Australia after giving up …

Equinor has made a new oil discovery near Norway’s giant Troll oil and gas field together with partners DNO, Wellesley and Petoro, the Norwegian Petroleum Directorate said on Friday. Equinor said in a separate statement the reservoir was expected to contain between 44 million and 69 million barrels of oil …

Norwegian oil and gas company Equinor has received consent from the country’s offshore safety authority to drill an exploration well in the Barents Sea using the Transocean Enabler rig. The Petroleum Safety Authority (PSA) said last Friday that the well was designated as 7220/7-4 at a prospect named Isflak. It …

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 …