Equinor ASA Sponsored ADR (EQNR)
Equinor scraps Spain, Portugal offshore wind plans as costs rise
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.
Equinor Cancels Plan for Vietnam's Offshore Wind Sector
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.
Equinor may reconsider investing in the UK oil sector if tax regimes changes
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.
Equinor Plans $6.7B Annual Offshore Investment Until 2035
EQNR plans to invest heavily in Norway's offshore oil sector, with $6.7 billion annually through 2035, despite the global shift to renewables.
Equinor to invest up to $6.7 bln per year off Norway towards 2035
Equinor plans to invest 60 billion-70 billion crowns ($5.7 billion-$6.7 billion) per year offshore Norway towards 2035 as it expects continuing strong demand for oil, it said on Monday.
Equinor (EQNR) Shuts Down Gullfaks C Platform After Well Incident
Equinor's (EQNR) Gullfaks C platform evacuates some workers as a security measure after the platform encountered a well-control incident. The other platforms at the Gullfaks field remain operational.
Exclusive: Equinor halts Vietnam offshore wind plans, to close Hanoi office
Norway's state-controlled energy giant Equinor has cancelled plans to invest in Vietnam's offshore wind sector, a company spokesperson told Reuters, in a setback for the Southeast Asian country's green power ambitions.
Equinor shuts production at Gullfaks C platform, evacuates some workers
Norway's Equinor shut down production at its Gullfaks C platform in the North Sea on Sunday and evacuated some workers as a precaution following a well incident, a company spokesman said.
Equinor Has Multiple Diversified Income Sources
Equinor ASA's share price has fallen from 2023 highs, but the company has strong diversification and assets to drive shareholder returns. Equinor had a strong second quarter with impressive production and financial results. The political environment in Europe poses a risk to Equinor's core business, but Norway's energy stability may provide opportunities for the company.
Equinor (EQNR) Exits Suriname, Cuts International Footprint
Equinor's (EQNR) decision to exit Suriname aligns with the company's broader objective to focus on a few core production areas, such as Norway, the Gulf of Mexico and Brazil.
Equinor exits Suriname, further concentrating company's oil portfolio
Equinor has withdrawn from a Hess-operated deepwater oil and gas exploration block off Suriname and exited the South American country, a spokesperson for the Norwegian company said on Wednesday.
Equinor: A Great Company To Bet Against The Investor Sentiment
Equinor plans to grow oil and gas by 5% until 2026, sustain 2 million barrels per day through 2030, and invest $23 billion to increase renewable energy production to over 80 TWh. The Company can be a good choice to bet against the investor sentiment of lower oil demand by 2030. EQNR's great capital allocation and cheap multiples make it a good choice in the sector.
