EQNR News and Press, Equinor ASA From 07/11/22

Valero Energy's ( NYSE: VLO ) marketing and supply company was the largest buyer of crude oil in the latest sale from the U.S. Strategic Petroleum Reserve on Monday, acquiring more than 10M barrels. A total of 14 companies were awarded contracts, including Marathon Petro...

Equinor ( NYSE: EQNR ) said on Thursday its Q2 results would get a $400M-$550M boost from trading in natural gas derivatives used to hedge its physical deliveries, primarily in its Marketing, Midstream and Processing segment, Reuters reports. In Q1, Equinor ( EQNR ) ...

The company added $466 million in gross backlog over the past two months. Drillship Valaris DS-17 will be reactivated after having been awarded an 18-month contract with Equinor. For the first time, an operator will be sharing the burden of reactivating a cold-stacked drillship wi...

TechnipFMC ( NYSE: FTI ) has been awarded an integrated front end engineering and design study by a Brazilian unit of Equinor ( EQNR ) for an offshore project called BM-C-33. "The study will finalize the technical solution for the proposed gas and condensate greenfield...

Norway's government stepped in Tuesday to end a strike by some of the country's oil and gas workers that had caused sharp production cuts, Reuters reports, citing Norway's labor minister and a union leader. The government reportedly has proposed a compulsory wage board with the ...

Equinor ( NYSE: EQNR ) said Tuesday it has initiated a shutdown of the Gudrun, Oseberg South and Oseberg East fields in the North Sea after the start of a strike by some Norwegian offshore workers demanding wage hikes to compensate for rising inflation. A collective pay ...

After the crash of 2020, ESG initiatives, and a growing distaste for oil companies, investments in the industry dried up and left the world undersupplied with oil, causing prices to soar. Since Exxon’s 2020 low of around $33 a share the company's stock price more than trip...

Equinor ( NYSE: EQNR ) completed its share capital reduction by NOK 205.5M from NOK 8.14B to NOK 7.94B through the deletion or redemption of 82.2M shares. This is also in line with its share buy-back programme which was executed by Equinor in three tranches in the per...

Equinor ( NYSE: EQNR ) said Wednesday it agreed to sell 51% of its interest in the North Platte deepwater development project in the U.S. Gulf of Mexico to Shell ( NYSE: SHEL ), which will become the new operator of the field; financial terms were not disclosed. ...

Equinor ( NYSE: EQNR ) and Belgian energy infrastructure firm Fluxys unveiled plans Wednesday to build a 620-mile pipeline to transport carbon dioxide captured on the European continent for storage underneath the North Sea. The companies said the project, which is in the...