EQNR News and Press, Equinor ASA From 02/28/22

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Since the Russia-Ukraine crisis escalated last week, much discussion has centered around economic sanctions. With the U.S. and the EU moving to sanction Russian industry, the future of certain sectors remains uncertain, and...

Governments aren't the only ones wounding Russia's economy as a move to divest from the country takes hold among corporations. British oil major BP, the biggest foreign investor in Russia, is selling its 20% stake in Rosneft (at a cost of up to $25B) after coming under fire from the U.K. gove...

Equinor’s (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. “We are all deeply troubled by the invasion of Ukraine, which represents a terrible s...

Transocean reported uneventful fourth quarter results last week. Latest fleet status report showed decent dayrate improvements in the Gulf of Mexico but the ongoing absence of long-term contracts resulted in backlog declining by $0.6 billion to $6.5 billion. Company needs to exten...

This week's DOE inventory update showed a larger than expected 4.3mb draw in oil and oil products (NYSEARCA:USO). TSA checkpoint numbers pointed to a ~15% increase in traffic week on week. Saudi Aramco's (ARMCO) CEO indicated that energy prices are high mainly because of strategies and polici...

The situation in Ukraine has escalated. This has massive implications for markets around the world. Commodities such as oil, gas, aluminum, and coal have risen sharply, as markets fear supply disruption. Some companies will benefit from these escalations, while other equities will...

European natural gas prices are up ~30% this morning, as commodity markets focus on Russia's invasion of Ukraine. Revisiting the balance details, latest announcements and commentary from leaders, points towards near-term risk to the continent's gas supplies. Russia is the world's largest prod...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Safe stocks are what Wall Street is looking for in February. The bull market of 2021 seems far away in the rear view mirror as the S&P 500  and Nasdaq 100  indices are down 8.6% and 14.3% year-to-date (YTD)....

The U.S. Bureau of Ocean Energy Management has launched the biggest-ever U.S. sale of offshore wind development rights, in an area covering nearly 500K acres off the coasts of New York and New Jersey. At least 14 companies are vying for the rights to build wind farms in shallow waters between...

As Russia's military forces congregated on the Ukrainian border, commodity strategists worked through the cost / benefit of Russia curtailing energy exports or the west sanctioning Russian energy supplies. It was generally assumed Russian energy flows would be unimpacted by conflict in Ukrain...