NEWS

Energy

Applicant for production licenses on the Norwegian Continental Shelf

Category: Business News

The Ministry of Petroleum and Energy has received applications from 26 companies in connection with the announcement of APA 2022. — We need exploration and new discoveries to maintain the production of oil and gas over time, which is important both for Norway and Europe. The applications in TFO 2022 show very good interest among the […]

Source: Regjeringen


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Equinor completes exit process from Russia

Category: Business News

On 25 May 2022, Equinor announced its exit from the four joint ventures with Rosneft as well as the signing of an agreement to leave the Kharyaga project. Equinor can now confirm that the full exit from Kharyaga has also been completed.As part of the exit from Kharyaga, Equinor has in compliance with applicable sanctions […]

Source: Equinor


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Equinor: Profits up, carbon down in high graded U.S. portfolio

Category: Business News

In the first six months of 2022, equity oil and gas production from the US was 332,000 barrels of oil equivalent per day (boepd) – 18% lower than the corresponding period last year following the 2021 sale of the Bakken assets. Despite lower production, net operating income increased to 2.2 billion USD – more than […]

Source: Equinor


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Equinor acquires energy storage developer in the US

Category: Business News

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening our energy offerings in the US. Read full article.

Source: Equinor


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Norway Approves Gas Production Hike to Keep Exports at a Record

Category: Business News

Norway approved higher production from key natural-gas fields in an effort to maintain record exports as Europe reels from cuts in Russian supply. The energy ministry said Monday it had agreed on revisions to permits for the Troll, Gina Krog, Duva, Oseberg, Asgard and Mikkel fields. The move will allow Norway to keep output at […]

Source: Bloomberg


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