Equinor Uncovers New Oil and Gas Find Near Troll Field
Equinor Makes New Oil and Gas Discovery Near Troll Field Equinor ASA and its partners have struck an oil and gas discovery nine kilometers (5.59 miles) north of the Troll field on Norway’s side of the North Sea. Well 35/11-31 S, the 24th exploration well drilled in production license 090, is estimated to hold recoverable […]
Equinor Announces $5 Billion Share Buyback and Cuts Renewables Investment Amid Rising Oil and Gas Production – Equinor (NYSE: EQNR)
Equinor Unveils $5 Billion Buyback, Trims Renewables Spending As Oil & Gas Output Rises – Equinor (NYSE:EQNR) Equinor ASA EQNR shares are trading lower after the company reported fourth-quarter FY24 results. Revenue and other income fell 5% year-over-year (Y/Y) to $27.654 billion and adjusted revenue declined 7% Y/Y to $26.418 billion. The consensus estimate stood at $25.973 billion. Total […]
Multi-Billion Dollar Ventures at Risk: UK’s Largest Untapped Oil & Gas Partners Face Setback, Yet Shell, Equinor, and Ithaca Stay Optimistic
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat In the wake of a new court ruling, the development of two hydrocarbon projects – said to be the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) – has […]
Norwegian Oil & Gas Electrification Initiative Advances with Multi-Million Dollar Agreement
Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal As Norway’s state-owned energy giant, Equinor, is convinced that electrification is the key to the energy transition, the firm has made a move to progress its offshore oil and gas electrification plans on the Norwegian Continental Shelf (NCS) by handing out a […]
Norway Reinforces Commitment to Oil and Gas Industry
Norway Doubles Down on Oil and Gas After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas […]
Equinor and Shell Collaborative Partnership
Equinor and Shell joint venture Equinor and Shell have unveiled plans to form a JV that will combine their UK offshore oil and gas assets. According to Equinor, the new JV will be the UK North Sea’s “largest independent oil and gas producer”. The venture, equally owned by both companies, will aim to ensure the […]