EQNR News and Press, Equinor ASA From 05/26/22

TechnipFMC (NYSE:FTI) +4.4% in Thursday's trading, challenging YTD highs, after Equinor (EQNR) awarded it a "significant" contract for engineering, procurement, construction and installation for the Halten East project off the coast of Norway. TechnipFMC (FTI) ranks a "significant" contr...

Boris Johnson's Chancellor of the Exchequer proposed a 25% windfall tax on the oil and gas industry Thursday; however, details of the final legislation remain vague. There will be a sunset clause; however, the clause will be price dependent, with no specified date. There will be an investment...

XOM’s Q1 2022 was all about expansion of production and building up cash reserves in these uncertain times. Not a word about exit from fossil fuels. BP’s Q1 2022 was all about transition, but BP will still be predominantly an oil & gas company in 2030 and beyond. ...

Equinor (NYSE:EQNR) and its partners said on Wednesday that they submitted a plan to develop the Halten East cluster of gas and condensate discoveries in the Norwegian Sea for 9B crowns (~$940M). Equinor (EQNR) said recoverable reserves at Halten East, which consists of six gas and condensate...

The Russian invasion of Ukraine has increased Europe’s resolve to wean itself off fossil fuels and increase renewables’ share of the energy mix. Whether Europe can actually achieve net zero carbon emissions by 2050 scarcely matters. The continent is clearly going to inve...

Norway's Petroleum Directorate released official, country-level production results for April on Friday, showing disappointing oil production, but in-line natural gas output. After missing oil production targets by 181kb/d in March, April showed a further 82kb/d decrease in output, result...

Equinor ASA (OSE: EQNR, NYSE: EQNR) engaged on 9 February 2022 a third party to conduct repurchases of the company’s own shares to be used in the share-based incentive programmes for employees and management for the period from 15 February 2022 until 13 January 2023. The mandate wa...

Equinor (OSE: EQNR, NYSE: EQNR) announced on 9 February 2022 an ordinary dividend per share of USD 0.20 and an extraordinary dividend per share of USD 0.20 for fourth quarter 2021. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus ...

An increasingly negative macroeconomic environment created a situation where generating positive stock market returns became significantly more difficult. Brazilian majority state-owned oil and gas company Petrobras seems to have defied all odds proving as a strong hedge against the u...

Equinor (NYSE:EQNR) and partner Exxon Mobil (NYSE:XOM) have taken the first steps to expand the $8B Bacalhau oilfield off Brazil's coast, Reuters reported on Tuesday. The companies want to boost future production from Bacalhau, Equinor's (EQNR) largest project outside of Norway, and are consi...