Equinor

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…

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…

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…

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…

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…

European natural gas prices hit their highest point in months on Tuesday, extending a series of gains as the continent continues to face the threat of supply shortages on a number of fronts. A prolonged shutdown of the Freeport liquefied natural gas (LNG) export terminal in the United States, reduced flows from Russia on the…

Norway’s Equinor ASA reported it has fully cut ties with its Russian projects as it finishes a long-awaited restart of one of Europe’s largest liquefied natural gas (LNG) terminals. Equinor launched a plan to end all future investments and divest from current partnerships in Russia shortly after the country’s forces invaded Ukraine in February. The…

Liquefied natural gas (LNG) vessels are already arriving at Equinor ASA’s Hammerfest LNG terminal in Norway in preparation for a mid-May restart after over a year of repairs, according to analysts. The Norwegian energy company recently confirmed the 4.3 million metric tons/year terminal was on track for start-up on May 17. The project, which chills…

After months of environmental debates and studies, the Canadian government Wednesday approved a $12 billion oil development offshore Newfoundland led by Norwegian producer Equinor ASA. The Liberal federal cabinet accepted a favorable verdict following a four-year review on Bay du Nord, a 200,000 b/d project, 300 miles east of St. John’s. The approval was by…