EQNR News and Press, Equinor ASA From 05/02/22

HOUSTON, May 02, 2022 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation ("Great Lakes" or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced today that Empire Offshore Wind, a joint venture between Equinor ...

The Annual General Meeting of Equinor ASA (OSE: EQNR, NYSE: EQNR) will be held on 11 May 2022 at 16:00 CEST. Notifications of proposals and responses from the Board of Directors was published on 19 April 2022. Equinor has put forward its Energy Transition Plan for an advisory vote a...

Energy equities (XLE) rallied more than 1.0% Wednesday, despite sideways trading in oil (USO). Natural gas (NG1:COM) rallied ~5% into the close, lifting gas-levered equities, as tensions in Europe lifted international gas prices. However, coal names continued to rally, following strong e...

Tuesday it was reported that Russia cut gas export flows to Poland. Shortly after the halt in Poland was announced, Bulgaria also indicated that gas imports from Russia were set to stop. The export embargo stemmed from a refusal to pay for Russian gas in rubles. Importantly, by all accounts, ...

Russia cut off gas supply to Poland, according to Onet.pl, sending European gas prices up more than 15% at one point Tuesday. Poland's Climate Minister, Anna Moskwa, quickly responded indicating that natural gas storage in Poland is 76% full and that, "there will be no shortage of gas in Poli...

Company releases another weak fleet status report with backlog continuing to melt down unabatedly. Remaining backlog decreased to $6.1 billion. CAT-D rig "Transocean Equinox" likely to be released ahead of schedule. Equinor's decision against extending the rig for a second term do...

The American Petroleum Institute has drafted a proposal urging Congress to adopt a carbon tax, although some members of the biggest U.S. oil industry trade group want to delay action until after the midterm elections, fearing it could alienate Republican lawmakers, the Wall Street Journal rep...

This week's DOE inventory update showed a surprise draw in oil and oil products of 12.8mb (USO). TSA checkpoint data pointed to mixed passenger volumes; flat week on week and down ~9% versus 2019 (JETS). China's oil product demand is expected to fall 20% year on year in April, according to Bl...

The European Commission said Friday that EU companies may be able to comply with Russia's proposed gas payment system, without running afoul of sanctions against Moscow. Shortly following the war in Ukraine, President Putin issued a decree mandating that Russian gas exports to "unfriendly" na...

Russian oil production, and the impact of sanctions, have been a source of uncertainty in oil markets since the war in Ukraine began; Thursday OilX and Bloomberg indicated Russian production fell by 1mb/d in early April, with impacts set to accelerate as contracted cargoes roll off (USO)...