Equinor's (EQNR) Q2 earnings gain from higher production of gas and increased liquids price. The company expects organic capital expenditure to be $13 billion for the year.
Equinor's second-quarter profits declined by 4% year on year as natural gas prices fell, the energy company reported on Wednesday, although the results still outperformed analysts' expectations.
Equinor (EQNR) awards a nearly $498-million drilling contract to Valaris for Brazil's Raia field project, set to begin in 2026. The project is aimed to meet 15% of Brazil's gas demand by 2028.
Equinor (EQNR) is the operator of Production License 1014 where the drilling activities will be carried out by Odfjell Drilling's Deepsea Atlantic rig.
Equinor (EQNR) kicks off production from the first of five wells in its Norwegian Sea tie-back project, aiming to enhance efficiency and reduce emissions in the Norwegian Sea.
Equinor (EQNR) has extended its contract with Archer for an additional two years, valued at $60 million, to provide vital services in the North Sea.
Equinor's (EQNR) first offshore exploration well in Argentina's North Argentine Basin shows no sign of oil or gas, marking a setback for the local oil industry.
The contract follows Equinor (EQNR) and its partners' decision to invest more than $1.13 billion (NOK 12 billion) to advance the gas infrastructure in the Troll West gas prospect.
Equinor (EQNR) states that the additional well is a part of PL 827 SB in Norway and the drilling operations will be carried out by the Deepsea Atlantic semisubmersible rig.
Equinor (EQNR) and partners Orsted and Nordsofonden secure a permit to explore CO2 storage in Denmark, aiming to store up to 12 million tons of CO2 annually.
Equinor (EQNR) and Oceanex can apply for a commercial license to build an offshore wind project in Australian waters if the construction seems feasible after conducting the evaluation.
The development highlights Equinor's (EQNR) strategic growth in one of Europe's rapidly expanding renewable energy markets.