Tag Archives: Norway

Europe’s benchmark natural gas prices rose early on Monday following an unplanned cut to capacity of the giant Troll gas field in Norway, the single largest supplier of gas to Europe. Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, jumped by 2.2% at trade open in Amsterdam …

Norway is looking to expand its oil and gas production with a new licensing round in frontier areas, with parliament directing the country’s minority government to facilitate the event. Reuters reports that the proposal to restart licensing rounds for oil and gas came—unsurprisingly—from the Conservatives but it gained majority support …

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 …

The Department of the Interior has ordered the suspension of construction works at the Empire Wind offshore project in New York, saying the project may have been approved by the previous administration without an appropriate environmental assessment. The news follows an earlier report that construction of the Empire Wind installation …

Equinor advised analysts on Wednesday to expect weak liquids and LNG trading results for the first quarter of the year, as its Marketing, Midstream & Processing (MMP) division is also set to incur a hit of about $100 million of costs of drilling of carbon capture and storage (CCS) appraisal …

Island Drilling has been awarded a three-year contract for well plugging on Equinor-operated fields on the Norwegian continental shelf (NCS) using the Island Innovator semi-submersible rig. In addition, the oil service companies Archer Oiltools and Baker Hughes Norge have won framework agreements for plugging services. Island Innovator is a mobile …

The world’s biggest sovereign wealth fund, Norway’s $1.8 trillion oil fund, has made its first investment in an external hedge fund with long-short strategies, amid changing and volatile markets, a top executive of the fund’s manager told the Financial Times. The fund, which is commonly referred to as ‘Norway’s oil …

Norway’s energy major Equinor has held early talks to sell stakes in Argentinian shale operations to Argentina’s state-owned oil firm YPF, its joint venture partner in the assets, Bloomberg reports, quoting an unnamed source with knowledge of the development. Equinor, which entered Argentina in the 2010s, has both offshore and …

Norway’s Equinor has become the latest energy company to stem its green growth plans as the backlash against renewables continues. The company said on Wednesday it is reducing its ambition for installed capacity by 20 percent at the low end and 33 percent at the high end, from 12-16 gigawatts …

Equinor is reducing its investments in renewables to boost returns for shareholders and adapt to an uneven energy transition, the Norwegian energy major said on Wednesday, becoming the latest European oil and gas firm to scale back capital allocation to low-carbon energy solutions. Equinor will nearly halve its investments in …