NEWS

Press Release: Equinor partners with BP in US offshore wind to capture value and create platform for growth

Category: Business News

Equinor (OSE: EQNR, NYSE: EQNR) has entered into an agreement with BP (LSE: BP, NYSE: BP) to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion. Through this transaction, the two companies are also establishing a strategic partnership for further growth within offshore wind in the US. Currently Equinor holds […]

Source: Equinor

Published: September 10, 2020

World Oil: Equinor performs world’s first offshore logistics operation via drone

Category: Business News

OSLO – A drone flew a 3D-printed part for the lifeboat system from the Mongstad base to the Troll A platform in the North Sea. The operation was completed efficiently and according to plan. “Development is rapid, and we see a huge potential within drone technology that could transform the way we operate, both under […]

Source: World Oil

Reuters: Equinor to cut jobs in U.S., Canada and UK following oil price fall

Category: Business News

OSLO (Reuters) – Norwegian oil and gas firm Equinor is set to cut jobs significantly in the United States, Canada and Britain to adjust to a fall in oil prices, a company spokesman said on Wednesday. The group plans to cut employee numbers in those countries by about 20% and contractor numbers by around half […]

Source: Reuters

Press Release: US and Norway Strengthen Cooperation on Offshore Energy and Seabed Minerals

Category: Business News

RegjeringeToday in Washington DC, the US Department of Interior (DOI) signed a Memorandum of Understanding with the Norwegian Ministry of Petroleum and Energy (MPE). The Memorandum of Understanding (MoU) is a framework for continued cooperation between DOI and MPE in the areas of  offshore oil and gas, offshore wind energy and seabed minerals. – The […]

Source: Regjeringen.no

Bloomberg: Norway’s Deep Cuts to Oil Loadings to Curb Atlantic Basin Crude

Category: Business News

Norway may not officially be part of the OPEC+ alliance to curb oil supply in the face of the coronavirus pandemic, but next month it looks like the Scandinavian country will do its bit toward helping the producer alliance to avert a global glut of crude. Norway’s main oil loadings will drop by 261,000 barrels […]

Source: Bloomberg

Published: August 2, 2020