EQNR awards the contract to boost gas production at Troll A, a project crucial to 10% of Europe's gas supply, with work focusing on platform modifications and new well integrations.
EQNR has secured key suppliers for its $9 billion Raia gas project in Brazil, aiming to meet 15% of the country's gas requirements. The project is slated to begin production in 2028.
EQNR cancels plans to export blue hydrogen to Germany, citing high costs and lack of long-term demand. It shifts focus to other hydrogen projects in Europe.
Norway's Equinor has decided to scrap plans to export so-called blue hydrogen to Germany because it is too expensive and there is insufficient demand, a spokesperson for the energy company said on Friday.
EQNR anchors its FPSO on the Johan Castberg field, moving closer to oil production by the year's end, with peak output expected at 220,000 barrels per day.
European Union legislation imposing methane emissions limits on Europe's oil and gas imports from 2030 will present monitoring challenges, an executive at Norwegian oil company Equinor said at the APPEC event on Tuesday.
A prognosticator reduced his price target on the shares. While this cut wasn't drastic, the pundit maintained his bearish take.
EQNR plans to downsize its renewables division, shifting its focus from growth to profitability amid industry challenges and rising costs.
EQNR exits offshore wind projects in Spain and Portugal, citing rising costs and market challenges in the renewables sector.
Norwegian energy company Equinor has cancelled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday.
EQNR scraps its plan to invest in the offshore wind sector in Vietnam. It will also end its business development operations in the country and close its Hanoi office.
Norway's Equinor may reconsider investing in oil and gas in Britain if the Labour government changes the industry's fiscal regime, a top company executive told Reuters.