Presenting Strategy to Accelerate Equinor’s Transition
Today, Equinor ASA presents its strategy to accelerate the company’s transition while growing cash flow and returns. Key highlights from the strategy update: Accelerating the transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by 2050. Stepping …
Equinor Annual and Sustainability Reports for 2020
“2020 was an extraordinary year with the pandemic causing human suffering and market turmoil. I am impressed by our employees’ hard work during this year, to keep people safe and operations running. We delivered solid operational performance during this demanding year, but our results were heavily impacted by the low …
bp and Equinor Form Strategic Partnership to Develop Offshore Wind Energy in US
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, …
Equinor: Suspending Buy-Back Under the Share Buy-Back Programme Until Further Notice
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 …
SOCAR, Equinor Confirm Discovery of Karabagh Oil Field in Azerbaijan
SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the Caspian Sea. Drilling of the first appraisal well at Karabagh oil field was started on December 23, 2019. The well was drilled in water depth of …
Equinor, SOCAR Mull Development of Karabakh Field
In July, Azerbaijan’s state oil company SOCAR and its partner on exploration and development of the Karabakh field will familiarize themselves with the progress of work on the reconstruction of the drilling rig, which will be used at an evaluation exploratory well at the field, Trend reports with reference to SOCAR. They …
Energy Perspectives 2019: Delaying Climate Action Increases the Challenge
Current climate actions are far from enough to put the world on a path to keep global warming well below 2 degrees. Global emissions increased in 2018 to reach an all-time high – and the longer this continues, the stronger measures will be necessary to reach common goals. The need …
Equinor ASA: Statoil ASA Changes Name to Equinor ASA
Equinor ASA, the new name of Statoil ASA, was approved by the annual general meeting yesterday, 15 May 2018, and the new name has now been registered in the Norwegian register of business enterprises (Foretaksregisteret). The company’s shares will from 16 May 2018 (inclusive) be quoted on Oslo Børs with …