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Energy

Exclusive: Equinor considers more US asset sales in global strategy revamp

Category: Business News

OSLO (Reuters) – Norway’s Equinor is looking to sell more assets in the United States and exit several other countries as part of a major global reshuffle as it tries to return to profit after writing down $25 billion of U.S. assets over the past decade. While the company, like other energy majors, has been […]

Source: Reuters

Published: February 27, 2021


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Yara proposes NOK 20 per share dividend, establishes Clean Ammonia unit

Category: Business News

Yara reports improved fourth-quarter deliveries, offsetting the impact of higher energy cost. Fourth-quarter net income was USD 246 million (USD 0.93 per share) compared with USD 199 million (USD 0.73 per share) a year earlier. “Yara delivers its tenth consecutive quarter with improved capital returns, with increased deliveries and production offsetting the impact of higher […]

Source: GlobeNewswire

Published: February 9, 2021


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Equinor sells its US onshore assets in the Bakken

Category: Business News

Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, […]

Source: GlobeNewswire

Published: February 10, 2021


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Norway grants 61 new offshore oil and gas exploration licenses

Category: Business News

Thirty companies have received offers of ownership interests in a total of 61 production licenses on the Norwegian Shelf in the Awards in Predefined Areas (APA) 2020.

Source: WorldOil.com

Published: February 27, 2021


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World’s First Pilot Plant for Floating Solar Power in Rough Waters

Category: Business News

Equinor is already an offshore wind major. Now the company will explore the opportunities within offshore solar power. Together with Moss Maritime the company wants to start testing off the island of Frøya.

Source: World Oil

Published: February 27, 2021


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