Equinor

Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor Targets Deepwater Norwegian Natural Gas Field to Boost Euro Supply

Equinor ASA has submitted a plan to Norwegian regulators outlining a $14 billion-plus project for the country’s first planned deepwater development to boost long-term natural gas supply to Europe. Equinor and its partners told regulators they could tap the Irpa gas field in the Vøring Basin deep below the Norwegian Sea. Discovered in 2009 and…

November 23, 2022
Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Governor OKs Act Adding $80M Annually in Tax Credits for Natural Gas, Hydrogen Purchases

Pennsylvania Gov. Tom Wolf, a Democrat in the second-largest U.S. natural gas-producing state, approved an act boosting tax credits for natural gas use by billions over decades.  Act 108, enacted from House Bill (HB) 1059 and dubbed the Pennsylvania Economic Development for a Growing Economy (PA EDGE), amends the Keystone State’s tax code to bring…

November 14, 2022
Equinor Remains Cautious of Volatility, Price Caps as Natural Gas Volumes Rise

Equinor Remains Cautious of Volatility, Price Caps as Natural Gas Volumes Rise

Equinor ASA’s natural gas production and related revenues continued to rise in the third quarter as it answers Europe’s call to replace lost Russian imports, but management sees more volatility on the horizon, including from potential price cap policies. CEO Anders Opedal said the firm and Norway as a whole have taken on an increased…

November 1, 2022
Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Signals Natural Gas Emissions Worth Monitoring at Sabine Pass, Corpus Christi LNG Terminals

Cheniere Energy Inc. has begun measuring greenhouse gas (GHG) emissions at its two Gulf Coast LNG export terminals to demonstrate its progress to export “cleaner” natural gas. The Houston-based liquefied natural gas exporter has joined the United Nations Environment Programme’s (UNEP) Oil and Gas Methane Partnership (OGMP) 2.0. Cheniere has also initiated the quantify, monitor,…

October 26, 2022
Equinor’s Ohio Natural Gas Output Certified; Ascent Monitoring Methane

Equinor’s Ohio Natural Gas Output Certified; Ascent Monitoring Methane

Equinor ASA’s natural gas production in the Appalachian Basin of Ohio has been certified as responsibly developed by Equitable Origin (EO). About 135 MMcf/d is actively produced by Equinor US in Monroe County. The third-party review covered Equinor’s “entire U.S. onshore natural gas production, encompassing 51 producing wells on 13 well pads at the time…

October 3, 2022
Equinor, Poland Sign Natural Gas Supply Deal Ahead of Baltic Pipe Start-Up

Equinor, Poland Sign Natural Gas Supply Deal Ahead of Baltic Pipe Start-Up

As European governments continue to investigate the damage to the Nord Stream systems and the possible end to Russian natural gas imports, the Baltics celebrated a new pipeline and pathway for Norwegian supply. Equinor ASA has signed a long-term sales agreement to deliver additional natural gas supplies to Poland via the Baltic Pipe system, which…

September 28, 2022
Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

Shell, Equinor and U.S. Steel Partnering on CCUS, Hydrogen Hubs in Appalachia

European-based supermajors Equinor ASA and Shell plc are collaborating with United States Steel Corp. to advance “decarbonization opportunities” in the Pennsylvania, Ohio and West Virginia region. U.S. Steel, as it is known, said the cooperation agreement with Equinor US Holdings Inc. and Shell US Gas & Power LLC would include carbon capture utilization and storage…

August 25, 2022
Norwegian Natural Gas Output Surging, with Eyes on Aiding European Shortfall

Norwegian Natural Gas Output Surging, with Eyes on Aiding European Shortfall

Norway plans to increase natural gas production through the summer to help meet European Union (EU) demand and fill the void left by declining Russian deliveries.   Equinor ASA said its Norwegian exports to the rest of Europe increased by 18% year/year in the second quarter. Norway is Europe’s second largest gas supplier behind Russia, which…

July 28, 2022
Norwegian Production Outage Again Sends European Natural Gas Prices Higher

Norwegian Production Outage Again Sends European Natural Gas Prices Higher

European natural gas prices seesawed again Tuesday, jumping on news that leaks at a Norwegian gas field would cut more than 2 Bcf/d of supplies for the continent until they’re fixed. The issues are expected to be resolved quickly, but European gas markets are on edge after Russia’s Nord Stream 1 pipeline was taken offline…

July 12, 2022
Oil and Gas Strike in Norway Ends, But TTF Rally Continues

Oil and Gas Strike in Norway Ends, But TTF Rally Continues

Another crisis for Europe’s gas market was avoided late Monday after the Norwegian government intervened to stop a strike that could have significantly cut production from some of the country’s most critical gas fields. Norway’s Labor Ministry announced late Tuesday that the government took emergency action to intervene in the flagging negotiations between the Lederne…

July 6, 2022
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