OSLO, NORWAY: Equinor (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 all those who are suffering…
OSLO, NORWAY: Equinor (NYSE: EQNR) commences on 10 February 2022 the first tranche of around USD 1 billion, of the share buy-back programme for 2022, as announced at today’s Capital Markets Update, 9 February 2022. The first tranche of the share buy-back programme for 2022 is USD 1 billion, including shares to be redeemed from…
LONDON, UK: SSE Renewables, together with its joint venture partner Equinor, has reached financial close on Dogger Bank C, the third phase of what will be the world’s largest offshore wind farm. The two companies are already constructing the first two phases of Dogger Bank Wind Farm, a ground-breaking project off the north east coast…
SANDNES, NORWAY: Horisont Energi, Equinor and Vår Energi have entered into a cooperation agreement for the development of Barents Blue, Europe’s first large-scale production facility for blue ammonia. “This agreement means that we are now moving forward in the Barents Blue project with two industrial partners with a strong local presence. They have a long-term…
OSLO: Equinor ASA has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated…
HAMILTON, BERMUDA: Archer Limited announced that Equinor has awarded Archer Integrated Services AS, in alliance with Welltec Oilfield Services (Norway) AS and Schlumberger Norge AS, a five-year contract for the provision of integrated wireline services in the North Sea. The services offered under the contract include cased hole mechanical wireline services, tractor and powered mechanical…
LONDON: Rosneft Oil Company and Equinor have completed a deal as result of which the Norwegian company acquired a 49% stake in Krasgeonats LLC. Krasgeonats holds 12 exploration and production licenses for areas with conventional resources located in Eastern Syberia. Among them: Danilovsky (with North-Danilovskoye field), Preobrazhensky, Verkhneichersky, Mogdinsky, East-Sugdinsky, Sanarsky and several other license…
OSLO: Leading technology company Panasonic, energy company Equinor and industrial group Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business. The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature…
TRONDHEIM, NORWAY: OKEA ASA announced that the company has signed a Sales and Purchase Agreement (SPA) with Equinor Energy AS for the acquisition of Equinor’s 40% operated working interest in PL195 and PL195 B, which include the Aurora discovery, with effective date 1 January 2020. Aurora is a small gas discovery in the North Sea…
SKUDENESHAVN: Solstad Offshore ASA has entered into a new contract with Equinor for the hire of anchor handling vessel (AHTS) Normand Ferking. The duration of the contract is 1 year firm, and in addition Equinor has the option to extend with further 2x 1 year. Commencement is in direct continuation of current charter, thus the…