HOUSTON, TEXAS (Editors at Energy Analytics Institute, 5.Mar.2025) — Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the “Mistral Sør” exploration well in the Halten area, situated in the southern part of the Norwegian Sea. Preliminary estimates indicate the discovery contains 3-7 million standard […]
Tag: Equinor ASA
Equinor Awards Lufttransport as Operator for 5 New Helicopters
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 31.Jan.2025) — Equinor awarded Tromsø-based Lufttransport RW AS the assignment of operating 5 new helicopters from manufacturer Leonardo to be used to transport passengers on the Norwegian continental shelf (NCS) from Sola and Florø. The helicopters are type AW189 aircraft, which are part […]
Equinor Finalizes Purchase of 10% Shareholding in Ørsted A/S
(Energy Analytics Institute, 23.Dec.2024) — Norway’s Equinor completed its acquisition of a 10% shareholding in Ørsted A/S as previously announced on 7 Oct. 2024. Following approvals under applicable Foreign Direct Investment regulations, Equinor has purchase an additional 0.2% shareholding (corresponding to 840,764 shares) in Ørsted, the Norwegian company announced 23 […]
Equinor to Use World’s First Ammonia-powered Supply Vessel
(Equinor, 26.Aug.2024) — Equinor has signed a contract with Eidesvik Offshore for the conversion of the Viking Energy supply vessel to ammonia operation. The vessel will be fully converted and put into operation with low emissions in 2026. The vessel supplies Equinor’s installations on the Norwegian continental shelf (NCS). Viking Energy […]
Shell Invests in GOM Sparta Development
(Shell, 19.Dec.2023) — Shell Offshore Inc., a subsidiary of Shell plc, announced the Final Investment Decision (FID) for Sparta, a deep-water development in the U.S. Gulf of Mexico that represents our competitive approach to simplifying and replicating projects. Owned by Shell Offshore Inc. (51% operator) and Equinor Gulf of Mexico LLC (49%), […]
Norway’s Equinor Divests Nigeria Business
(Welligence Energy Analytics, 29.Nov.2023) — Equinor has announced the sale of its Nigeria business to Chappal Energies for an undisclosed consideration. What were the key drivers for buyer and seller, and what does this mean for future M&A in the country? The exit of the Norwegian giant is not a […]
Two COSL Rigs Awarded Drilling Contracts
(Equinor, 31.Aug.2023) — Equinor has awarded COSL Offshore Management AS two contracts and will employ COSLPromoter and COSLInnovator on the Norwegian continental shelf. The contract values are calculated at around $369mn for both firm periods. The COSLPromoter is already contracted to Equinor and will commence on the new contract in […]
Equinor Buys Rio Energy Including Selected Assets
(Equinor, 21.Jul.2023) — Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading onshore renewables company in Brazil. The transaction includes selected assets and the team, while Denham Capital will retain certain assets. With the acquisition, Equinor strengthens its position as a broad energy company in the Brazilian market. […]
Johan Sverdrup Produces at Increased Plateau
(Equinor, 23.May.2023) — This week a successful capacity test has been performed confirming that the field can produce up to 755,000 barrels of oil per day. During a capacity test at Johan Sverdrup, the field reached a record-high production level of 755,000 barrels of oil per day. This equals six to […]
Equinor on 4Q:22 Dividend
(Equinor, 22.May.2023) — Equinor (OSE: EQNR, NYSE: EQNR) announced on 8 February 2023 an ordinary dividend per share of USD 0.30 and an extraordinary dividend per share of USD 0.60 for fourth quarter 2022. The NOK dividend per share is based on average USDNOK fixing rate from Norges Bank in […]
Petrobras on Development of Block BM-C-33
(Petrobras, 8.May.2023) — Petrobras has approved, together with its partners Equinor and Repsol Sinopec Brasil, the final investment decision (Phase III) of block BM-C-33, operated by Equinor, located in the pre-salt of Campos Basin, in the state of Rio de Janeiro. The block is about 200 km offshore and has […]
Equinor: The Bauge field on Stream
(Equinor, 17.Apr.2023) — On 8 April production started from the Bauge subsea field in the Norwegian Sea. Bauge is tied back to the recently upgraded Njord platform. Recoverable reserves in Bauge are estimated at 50 million barrels of oil equivalent, mainly oil. Bauge consists of two oil producers in a […]
Krafla to be Developed Using Ground-Breaking Concept
(Equinor, 16.Dec.2022) — Along with Aker BP, Equinor has made an investment decision and will today submit a plan for development and operation for Krafla to the Minister of Petroleum and Energy. Aker BP will be developing Krafla along with the Fulla and North of Alvheim discoveries in the same […]
Election to Equinor’s Board of Directors
(Equinor, 30.Nov.2022) — On 30 November 2022 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) elected Haakon Bruun-Hanssen as new member to Equinor ASA’s board of directors. Haakon Bruun-Hanssen is elected as a new shareholder-elected member of the board of directors, replacing Bjørn Tore Godal. Bruun-Hanssen held the position as […]
Irpa: More Gas to Europe and Extended Life for Aasta Hansteen
(Equinor, 22.Nov.2022) — On behalf of the Irpa partnership, Equinor has submitted a plan for development and operation (PDO) for the Irpa gas discovery, formerly known as Asterix, to the Norwegian Minister for Petroleum and Energy. The development will ensure activity and stable gas deliveries from Aasta Hansteen until 2039. […]
Bristow Awarded Multi-Year Search and Rescue Contract
(Bristow, 7.Sep.20220 — Bristow Group Inc. (NYSE: VTOL), a global provider of innovative and sustainable vertical flight solutions, announced an award from Equinor to provide search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms, located in the Norwegian North Sea off the west coast of Norway. […]
TechnipFMC Says 2Q:22 Subsea Inbound Orders Were $1,928mn
(TechnipFMC, 27.Jul.2022) — TechnipFMC plc announced subsea inbound orders were $1,928mn for the second quarter of 2022. Book-to-bill in the period was 1.4. The following awards were included in the period: — ExxonMobil Yellowtail Project (Guyana)Awarded an additional contract and received notice to proceed for the Yellowtail development in the Stabroek […]
Equinor Strengthens Relationship with ASCO with Five-year Contract Extension
(Equinor, 18.Jul.2022) — Global integrated logistics and materials management company, ASCO, has been awarded a five-year contract extension with the Norwegian energy partner to the UK, Equinor. The multi-million-pound contract strengthens the existing long-term collaboration between the two companies. ASCO will provide a fully integrated logistics and materials management solution, […]
Adjusted Plan for Final Four Hywind Tampen Turbines
(Equinor, 13.Jul.2022) — The seven first Hywind Tampen turbines will come on stream this year as planned. The final four will be installed next spring. Supply chain bottlenecks, most notably related to the global market for steel, preclude delivery of the final four tower sections for the wind turbines until […]
Equinor Says Gas Leaks on Sleipner Field Stopped
(Equinor, 12.Jul.2022) — A gas leak in a contained area related to a turbine on Sleipner A was reported in the morning of 11 July. The incident was quickly clarified. During the process of resuming production and depressurisation, an additional gas leak occurred on the Sleipner R riser platform late […]
Equinor Invites Analyst to Provide 2Q:22 Estimates
(Equinor, 7.Jul.2022) — Equinor invites analysts with coverage of the company to provide estimates for the second quarter adjusted results. Equinor publishes second quarter 2022 financial results on 27 July. Every quarter ahead of the earnings announcement, Equinor collects earnings and production estimates from the equity analysts covering the company. […]
TechnipFMC Inks $1bn FEED Contract with Equinor for BM-C-33 Project in Brazil
(TechnipFMC, 5.Jul.2022) — TechnipFMC (NYSE: FTI) has signed a Letter of Intent with Equinor Energy do Brazil Ltda., a subsidiary of Equinor ASA, for an integrated Front End Engineering and Design (iFEED™) study on its BM-C-33 project offshore Brazil. The study will finalize the technical solution for the proposed gas […]
Equinor Boost Ownership In The Statfjord Field
(Equinor, 8.Dec.2021) — Equinor entered into an agreement to acquire all of Spirit Energy’s production licenses in the Statfjord area which spreads across the Norwegian and UK Continental Shelves and are developed by three integrated production platforms (Statfjord A, B, C). All licenses are operated by Equinor. Both parties agreed […]
Guyana Gets 15 Bids To Market Govt Crude
(Reuters, 4.Aug.2021) — Guyana received bids from 15 different companies aiming to market the government’s share of the crude produced off the South American country’s coast, according to Guyana’s National Procurement and Tender Board Administration website on Wednesday. The government re-launched the search last month after a previous tender was […]
France’s TotalEnergies exits Petrocedeño JV in Venezuela, concedes $1.38bn capital loss
CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 29.Jul.2021, Words: 161) — TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño S.A. to Corporation Venezonala de Petróleos (CVP), an affiliate of Petróleos de Venezuela (PDVSA). Equinor having also decided to transfer in […]
Equinor Sales Faja Stake To CVP
(Equinor, 29.Jul.2021) — Equinor and state-owned Petróleos de Venezuela (PDVSA) have completed a transaction whereby Equinor will transfer its 9.67% non-operated interest in the Petrocedeño project onshore Venezuela to Corporación Venezolana del Petróleo (CVP), a PDVSA company. The Petrocedeño project aims to upgrade extra-heavy crude oil into lighter crude from […]
PDVSA Restarts Drilling Campaign Suspended Since 2019
(S&P Global, 29.Jun.2021) — In the second half of the year, Venezuela’s state-owned PDVSA will restart the drilling of oil wells while intensifying work to open 3,700 shuttered wells and to recover compression and gas injection capacity needed to increase crude output, according to an internal “Operational Follow-up Plan” report […]
Equinor Offered Production Licences In 25th Licensing Round
(Equinor, 23.Jun.2021) — The Ministry of Petroleum and Energy has offered Equinor two operated production licences in the 25th licensing round in the Barents Sea. “We are pleased with the award. A steady access to acreage contributes positively to the development of the Norwegian Continental Shelf. This award brings opportunities […]
Life Of Heimdal Gas Centre Extended To 2023, Equinor Says
(Equinor, 17.Jun.2021) — New wells at Valemon will extend profitable operations at Heimdal, which is processing gas from Valemon. The Heimdal partners have now decided to extend operations at Heimdal to 2023. Since start-up in 1985 Heimdal has produced 46 billion standard cubic metres of gas and 7 million cubic […]
Presenting Strategy To Accelerate Equinor’s Transition
(Equinor, 15.Jun.2021) — Equinor ASA (OSE:EQNR, NYSE:EQNR) presents its strategy to accelerate the company’s transition while growing cash flow and returns. Key highlights from the strategy update: Accelerating the transition and setting an ambition to reach a 40% reduction in net carbon intensity by 2035, on the way towards net zero by […]
Equinor Asks Shareholders To Reject Intermediate Scope 3 Emissions Targets
(Reuters, 19.Apr.2021) — Equinor urged its shareholders on Monday to reject a proposal by an activist group to set intermediate targets for reducing emissions from the use of its energy products. The majority state-owned company has pledged to boost investment in renewables and has set a long-term goal to cut […]
Equinor Sees 1H:21 Peregrino Restart
(Reuters, 12.Apr.2021) — Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on Monday. The heavy oil field in the Campos basin was shut in April last year due to a rupture of […]
Six Norway Oil And Gas Fields Shut Amid Strike
(Reuters, 4.Oct.2020) — Six Norwegian offshore oil and gas fields were shut on Monday as more workers joined a strike over pay, companies and union officials said. The strike will cut Norway’s total output capacity by just over 330,000 barrels of oil equivalent per day, or about 8% of total […]
Petrobras To Open Tender For Brazil’s Biggest Platform
(Reuters, 8.Jul.2020) — Petrobras is preparing to launch a tender to build Brazil’s largest-ever oil platform, according to two people with knowledge of the matter, as the state-controlled oil firm pushes ahead with ambitious plans to boost deepwater production. Petroleo Brasileiro SA, as the Rio de Janeiro-based producer is formally […]
Oil Drop Could Cut 20% Off Exploration Budgets
(Reuters, 17.Mar.2020) — The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s hottest offshore oil plays, specialists at consultancy Wood Mackenzie told Reuters. Before oil prices collapsed in the wake of failed […]
MODEC Inks Deal By Equinor For FPSO For Brazil Field
(Modec, 30.Jan.2020) — Modec Inc. has signed a Sales and Purchase Agreement (SPA) with Equinor Brasil Energia Ltda, a subsidiary of Equinor ASA, to supply a Floating Production Storage and Offloading (FPSO) vessel for the Bacalhau (formerly Carcará) field offshore Brazil. Modec was awarded a Pre-Front End Engineering Design (Pre-FEED) […]
BP Eyes Brazil Gas Buildout
(Reuters, Gram Slattery, 29.Oct.2019) — BP Plc wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be supplied by gas from offshore oilfields here. Speaking […]
Equinor And YPF Ink Offshore Exploration Deal
(Equinor, 21.Aug.2019) — Equinor’s executive vice president for Exploration, Tim Dodson, and YPF’s CEO Daniel Gonzalez have signed an agreement to jointly explore the CAN 100 offshore block, located in the North Argentinian Basin. The preliminary agreement, which was signed at Equinor’s office in Oslo, Norway, sets the core terms […]
Capital Discipline In GOM Lease Sale: WoodMac
(WoodMac, 21.Aug.2019) — Capital discipline remains key for offshore operators, judging by the results of today’s US Gulf of Mexico region-wide lease sale. Lease Sale 253 attracted 165 bids from 27 companies, with high bids totalling US$159.4 million. While this is a decrease of about $85 million (35%) from the […]
Equinor To Start Drilling Carcara Field In 2018
(Reuters, 5.Sep.2018) — Norway’s Equinor ASA said on Wednesday it would begin drilling in Brazil’s North Carcara oil field in the offshore Santos basin in 2018, after obtaining environmental permits. Equinor’s senior executive vice-president in Brazil, Verônica Rezende Coelho, told journalists that the company aims to increase its production in […]