EQNR News and Press, Equinor ASA From 03/07/22

First quarter cash flows likely already above previous quarter's $10 billion. Company already has net cash balance sheet. Expect added special dividends and stock repurchases. For further details see: Equinor: Perhaps The Most Profitable Energy Company In The World Right...

This week's DOE inventory update showed a larger than expected 6.3mb draw in oil and oil products. TSA checkpoint numbers pointed to a ~3% reduction in passenger volume week on week. Western countries announced a ~60mb strategic petroleum reserve release. Pioneer's (NYSE:PXD) CEO indicated th...

The exploration history in the SW Barents Sea involves more than 130 exploration wells drilled since 1980, which led to 37 discoveries. Overall, the industry's exploration interest in this area is undeniable, however, it is thought that there is more reluctance to provide approval for...

In this article, I'm going to take a look at several companies that are likely to see significant negative impact from the Russian crisis. You can expect these companies to suffer both short-term and long-term as the implications of their Russian exposure becomes clearer to the market...

The Ukraine crisis divides the oil and gas space into two halves, Russian and non-Russian. Investors should invest accordingly. Possible expansion of the scope of sanctions in the near term and new geopolitical reality in the long run make the Russian oil and gas stocks into possible ...

Over the weekend, BP (NYSE:BP) announced plans to divest from the Company's ~20% shareholding in Rosneft (OTCPK:RNFTF); after the close Monday, Bloomberg sources indicated BP is planning to sell its ownership stake back to Rosneft. In the current environment, the buyers list for Rosneft share...

On the back of Germany's energy policy U-turn over the weekend and as broader financial sanctions burdened commodity traders, European energy prices rallied Monday. Benchmark Brent oil prices (NYSEARCA:USO) closed up ~4% with BP (NYSE:BP) cancelling Russian cargo loadings, and ahead of a...

According to Reuters sources, the European Commission will propose EU countries tax energy companies' windfall profits from the gas price rise. With revenue from the windfall being invested in renewable energy sources. The proposal is subject to change, but would not introduce an EU...

Update: According to Bloomberg's Washington Correspondent, Shell (NYSE:SHEL) intends to exit its joint ventures with Gazprom, as well as its 27.5% stake in the Sakhalin-II LNG facility. Separately, Equinor (NYSE:EQNR) has decided to stop new investments in Russia and begin the process of exit...

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...