Polish refiner Orlen and Norway's Equinor signed on Monday a memorandum of understanding (MoU) on the development of carbon capture and storage (CCS) projects.
Equinor???s robust low-carbon and renewable strategy aids it. Despite lowering its renewables ambition, it continues to build profitable low-carbon businesses.
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Equinor's decision to cut green energy investments by 50% aims to boost profitability, ensuring higher dividends and more funds for profitable oil and gas ventures. Equinor's stock price performed poorly last year on poor financial results, mostly due to low oil & gas prices. Despite what poor 2024 financial results might suggest, Equinor is well-positioned to benefit from rising European natural gas prices and its plans to increase upstream oil and gas production by 10%.
Norwegian oil and gas firm Equinor is looking to sell its onshore assets in Argentina's Vaca Muerta region, the Mas Energia online publication reported, citing unnamed sources.
Investors interested in stocks from the Oil and Gas - Refining and Marketing sector have probably already heard of Equinor (EQNR) and Phillips 66 (PSX). But which of these two stocks offers value investors a better bang for their buck right now?
New York's utility regulator on Thursday granted a unit of Norwegian energy firm Equinor permission to build and operate transmission facilities for the company's Empire Wind 1 offshore wind farm under construction off the state coast.
Norway's Equinor said on Thursday that the French energy regulator had imposed a fine of 4 million euros ($4.17 million) for violation of market regulations in France, and that it would appeal the fine.
Norwegian oil and gas producer Equinor will proceed with the development of its Rosebank oil and gas field, the company's UK manager said on Wednesday on the sidelines of an energy conference in New Delhi.
Equinor ASA, with a market cap over $65 billion, reported strong 2024 earnings, despite taxes and the Ørsted acquisition, showcasing substantial shareholder returns. For 2025, Equinor projects 4% production growth, $13 billion in organic capex, and robust shareholder returns through dividends and share buybacks. Long-term, Equinor targets 30-40% emissions reduction by 2035, net-zero by 2050, and significant investments in renewable energy, enhancing diversification.
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EQNR's Q4 earnings suffer due to lower production across all segments and weaker commodity prices.