Equinor

ENGIE and Equinor announce their partnership to develop joint low-carbon hydrogen activities. The partners will investigate the production and market potential for hydrogen from natural gas whereby the CO2 will be captured and stored permanently offshore. ENGIE and Equinor signed a memorandum of understanding to investigate the development low-carbon hydrogen value …

PJSC NK Rosneft and Equinor have closed the deal, as a result of which the Norwegian company acquires 49% of LLC KrasGeoNats. KrasGeoNats holds twelve exploration and production licenses for areas with traditional reserves located onshore in Eastern Siberia. Among them: Danilovsky (including the Severo-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, Vostochno-Sugdinsky, Sanarsky …

bp, Eni, Equinor, National Grid, Shell and Total today confirmed they have formed ‎a new partnership, the Northern Endurance Partnership (NEP), to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea, with bp as operator. This ‎infrastructure will serve the proposed Net Zero Teesside (NZT) …

bp and Equinor today announced the formation of a new strategic partnership to develop offshore wind projects in the US. This includes the development of existing offshore wind leases on the US East coast and jointly pursuing further opportunities for offshore wind in the US. Bernard Looney, bp’s chief executive, …

A drone flew a 3D-printed part for the lifeboat system from the Mongstad base to the Troll A platform in the North Sea. The operation was completed efficiently and according to plan. “Development is rapid, and we see a huge potential within drone technology that could transform the way we …

The Frame Agreement encompasses feasibility and conceptual studies, FEED, detailed engineering and related follow-on and support for R&D activities, as well as assistance to Equinor for its upcoming projects, including new energy-related projects in the onshore, offshore and floating wind sectors. The scope of the Frame Agreement extends, but is …

Equinor presents updated outlook for 2020 and an around USD 3 billion action plan to strengthen the financial resilience in a market impacted by the COVID-19 and low commodity prices. Equinor can be organic cash flow neutral (1) before capital distribution in 2020 with an average oil price around USD …

Equinor is under the current market conditions suspending buy-back under the share buy-back programme until further notice. Additionally, Equinor has started to implement   measures to reduce operating costs, capex and exploration spend. An updated outlook is expected to be presented to the market by the end of March 2020. “As …

The companies have signed a Memorandum of Understanding on digital collaboration to develop solutions and methods together through the exchange of expertise within areas like data science, artificial intelligence and 3D printing. The collaboration is expected to entail co-innovation across the whole value chain, such as maintenance, production optimisation and …

A new compensation format will help improve efficiency as Equinor awards new framework agreements for safety and automation systems with five suppliers. The framework agreements cover operation of all the company’s installations on the Norwegian continental shelf (NCS) and onshore plants in Norway. They may also be used by the …