Equinor's Halten East development holds recoverable reserves of approximately 100 million barrels of oil equivalent per the discoveries.
One of the asset managers co-leading climate talks with Equinor on behalf of more than 600 investors said it has sold its stock because the oil major's board failed to align its strategy with the world's goal of limiting global warming.
EQNR receives a drilling permit to drill two wildcat wells, 34/6-8 S and 34/6-8 A, in the Norwegian North Sea. The drilling activities are scheduled to start in April.
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.