Equinor ASA said Friday it would make a $982 million writedown of its Tanzania liquefied natural gas (TLNG) export project proposed for east Africa, saying it does not currently compete with other projects in the company’s portfolio. “While progress has been made in recent years on the commercial framework for TLNG, overall project economics have…
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Equinor’s Hammerfest LNG Shuttered for One Year After September Fire
Inspections have shown that a fire last month at Equinor ASA’s Hammerfest liquefied natural gas (LNG) terminal in northern Norway will require at least a year’s worth of work to repair, the company said Monday. The fire broke out in the air intake of one of the plant’s five power turbines, which caused extensive damage,…
Equinor’s Strong Oil, Gas Trading Performance Lifts 2Q
A solid oil and gas trading performance, lifted by a tax change to assist the Norwegian oil industry through the Covid-19 crisis, lifted Equinor ASA during the second quarter, possibly setting it apart from its peers as earnings are unveiled in the coming days. With their outlooks for oil and gas prices sharply lower,…
Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts
Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected.
Equinor Strikes Oil in GOM, Proving Mature Region ‘Still Has Life’
A consortium led by Norway’s Equinor ASA has struck oil in the central U.S. Gulf of Mexico (GOM), the 67% state-owned supermajor said Monday.
Equinor Strikes Oil in GOM, Proving Mature Region ‘Still Has Life’
A consortium led by Norway’s Equinor ASA has struck oil in the central U.S. Gulf of Mexico (GOM), the 67% state-owned supermajor said Monday.
NGI The Weekly Gas Market Report
Equinor Halts U.S. Onshore Activity, Joining Oxy, Eni, Aramco in Pullback as Coronavirus Consumes Energy Demand
Equinor ASA’s Lower 48 operations, mostly centered in the Marcellus and Bakken shales, have been suspended, as it attempts to stem the bleeding across the energy sector from the global pandemic and stinging oil price war.
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta
Norway’s Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentina’s Neuquén province.
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta
Norways Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentinas Neuquén province.
Equinor, Shell Snap Up Schlumberger Acreage in Argentina’s Vaca Muerta
Norway’s Equinor SA and Royal Dutch Shell plc have have jointly purchased a 49% interest held by Schlumberger Ltd. in the Bandurria Sur onshore block in Argentina’s Neuquén province.