Equinor Mobilizes Hercules Semi-Submersible Platform to Drill a Well Offshore Canada
SFL Corporation has entered into a Canadian drilling contract with Equinor. The company announced it on August 14, 2023. Contract details: contract value – USD 100 million per well + option for 1 additional well; drilling rig – semi-submersible drilling rig Hercules; drilling start date – 2 sq. 2024; duration …
Equinor Explores New Oil and Gas Field in the North Sea
Norwegian oil and gas company Equinor has explored a new hydrocarbon field on the continental shelf near the large Troll field in the North Sea. This is stated in a message published on March 14 on the company’s website. Theses Equinor: – the new deposit was named Heisenberg; according to …
Equinor Appoints Torgrim Reitan as New Chief Financial Officer
Torgrim Reitan has been appointed Chief Financial Officer and executive vice president in Equinor (OSE: EQNR, NYSE: EQNR), with effect from 6 October 2022. Reitan succeeds Ulrica Fearn who has decided to leave the company to pursue a CFO opportunity outside the company. Ulrica Fearn will be available to secure …
Equinor: to Start Exiting from Joint Ventures in Russia
Equinor’s (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of …
Equinor: to Start Exiting from Joint Ventures in Russia
Equinor’s Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible setback for the world, and we are thinking of all those who are …
Equinor: Fourth Quarter 2021 and Year End Results
Equinor reports record high adjusted earnings of USD 15.0 billion and USD 4.40 billion after tax in the fourth quarter of 2021. IFRS net operating income was USD 13.6 billion and the IFRS net income was USD 3.37 billion. 2021 was characterised by: Adjusted earnings after tax of USD 10.0 …
Shearwater, Equinor, Vår Energi and Lundin Energy Norway Join Forces on Technology Collaboration to Accelerate Development of Marine Vibroseis for Geophysical Surveys
Shearwater GeoServices Holding AS and Equinor are extending their collaboration to include Vår Energi and Lundin Energy Norway to accelerate the development and commercialisation of a sustainable marine vibratory source technology to minimise environmental footprint and enhance data quality from seismic data acquisition. This industry project builds on the existing …
DNV and Equinor Partner to Develop Software for Safe Carbon Capture and Storage
The transition to a low-carbon society is reliant upon bringing in new and growing technologies, such as carbon capture and storage (CCS) technology to reduce the CO2 emissions to atmosphere, and Norway’s Equinor is a leader in this area. There is a need for reliable consequence models for safety assessments, …
Rosneft: Q3 and 9M 2021 Production Results – Drilling Activity Up 40% YoY
ESG Rosneft continues to implement activities under the Carbon Management Plan until 2035. Within the Plan’s framework, in the reporting period, the Company agreed with Equinor, ExxonMobil and Japan’s Natural Resources and Energy Agency (part of METI) on cooperation in the area of emissions management. The collaboration includes the study …
Equinor’s Safety Trend Per Third Quarter 2021
Equinor’s serious incidents frequency is trending downwards, however the development in personal injuries did not improve per the third quarter of 2021. “We seek to develop a proactive safety culture to reduce the probability of recurring serious incidents and bring down the number of personal injuries. Nobody must be injured …