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Record Norwegian North Sea oil exports to help Europe fill Russian gap
Category: Business News
(Bloomberg) — Record exports of Norway’s Johan Sverdrup crude oil are set to help meet European refineries’ needs as a deadline to phase out Russian supplies draws closer. Loadings from the huge Johan Sverdrup field in the North Sea, operated by Norway’s Equinor ASA, will rise to 587,000 barrels a day in November, according to […]
Source: WorldOil / Bloomberg
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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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