EQNR News and Press, Equinor ASA From 12/20/21

German electricity prices soared ~13% Monday, as a high-pressure weather system across Europe is expected to reduce wind generation.  The French Government has requested Electricite de France (OTCPK:ECIFF) restart offline nuclear capacity early, following news last week that two reactors...

After a failed attempt at selling large, pre-sal oil blocks in 2019, Brazil cut prices by 80%+ and found buyers for two key blocks today. Having cut the signing bonus at Sepia from $5.5b to $1.3b, and cut the minimum production share from 28% to 15%, a consortium of Total (NYSE:TTE), Petronas...

Global oil majors (NYSE:XOM) (NYSE:CVX) (NYSE:TTE) (NYSE:RDS.A) (NYSE:EC) (NYSE:EQNR) (OTCPK:GLPEY) and their new-found investment discipline will be put to the test tomorrow, as Brazil is set to auction off high-quality, low-cost, long-lived, pre-sal oil blocks. The Government attempted to a...

The Norwegian Oil and Gas Association expects investment in the sector to fall 6% in 2022, even as the State grants favorable tax treatment to the sector and natural gas prices reach record levels. The Association expects to see 174b NOK invested on the Norwegian Continental Shelf ("NCS") nex...

Jefferies energy team out with a 2022 outlook note, and unlike peers at JPMorgan and Goldman Sachs, Jefferies takes a bearish tact on oil into next year (NYSEARCA:USO) (CL1:COM) Jefferies sees OPEC+ flooding the oil market in 2022, leading to inventory builds and lower prices; currently, the ...

Development of the Cambo oilfield, a heavily protested North Sea oil project acquired by Siccar Point Private Equity in 2018, has been put on hold today following the exit of partner Shell (NYSE:RDS.A) earlier this month Siccar is now analyzing potential next steps for the project, which...

Equinor recently entered into a deal to purchase the Statfjord field stake owned by Spirit Energy. This will have only a relatively small impact on the company's growth going forward but the overall growth story remains intact. The global demand for energy is expected to grow goin...

The heavily disputed Nord Stream II natural gas pipeline from Russia to Germany has returned to the news this week, with a Russian military buildup on Ukraine's border leading the White House to threaten sanction against the gas pipe Nord Stream II, long under sanction by the Trump admin...

Deutshce Bank's energy analyst James Hubbard out with a 'look at the year ahead' note this morning, raising 2022e Brent oil price assumption from ~$64 to $75 and raising BP (NYSE:BP) to buy from hold Following the BP upgrade, Hubbard now rates every name in his coverage as a buy, with excepti...

With North Sea oil prices (CO1:COM) recently hitting an 8-year high, and European natural gas prices at record levels, Shell (NYSE:RDS.A) has elected to walk away from controversial UK North Sea oil project Cambo The project has come under scrutiny from environmental groups, namely Frien...