Equinor Presented a Development Plan for the Raia Manta and Raia Pintada Fields Offshore Brazil
The Norwegian state-owned energy company Equinor Energy AS has submitted a commercialization declaration and development plans for two fields within the BM-C-33 block to the Brazilian National Petroleum Agency (ANP). The company’s press service reports this. Raia Manta and Raia Pintada deposits names of deposits and plans for their development …
Equinox Has Presented a Plan for the Development of the Eirin Gas Field in the Amount of NOK 4 Billion
Norway’s largest oil and gas company Equinor today announced that it has submitted to the Norwegian Ministry of Petroleum and Energy a plan for the development and operation of the Eirin gas field in the North Sea, worth NOK 4 billion ($374 million). The Eirin field, discovered in 1978 and …
Equinor Starts Production Ahead of Schedule at Statfjord Ost
Norwegian energy company Equinor has started production at its Statfjord Ost field in the North Sea six months ahead of schedule after drilling new wells, expecting a cumulative production increase of 26 million barrels of oil equivalent, according to a company press release. “Two new wells have been drilled … …
Equinor is Exploring the Possibility of Selling Assets in Azerbaijan for $1 Billion
The Norwegian company Equinor ASA is studying the possibility of selling its activities in Azerbaijan, including a stake in the largest oil project Azeri-Chirag-Guneshli, Bloomberg reports citing informed sources. “Norwegian energy company is working with Jefferies Financial Group Inc. to assess buyer interest in assets, including a 7.27% stake in …
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 …