Tag Archive

Gas and condensate discovery south of the Kristin field

Gas and condensate discovery south of the Kristin field

January 16, 2019 No Comments

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Recoverable resources are estimated at 6-25 million barrels of oil equivalent. “We are pleased to start the new year by announcing a new discovery. Exploring for resources close to existing infrastructure […]

Equinor Gets 29 new licences on the Norwegian Continental Shelf

Equinor Gets 29 new licences on the Norwegian Continental Shelf

January 15, 2019 No Comments

Equinor has been awarded 29 new licences by Norway’s Ministry of Petroleum and Energy as part of the Award in Predefined Areas (APA) for 2018 – 13 licences as operator and 16 as partner. “The APA rounds are important for Equinor to maintain exploration activity and replenish our portfolio on the Norwegian Continental Shelf (NCS). […]

Equinor completes acquisition of Rosebank project

Equinor completes acquisition of Rosebank project

January 11, 2019 No Comments

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf. Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to start commercial production during the first half […]

Equinor sells two non-core NCS assets

Equinor sells two non-core NCS assets

December 28, 2018 No Comments

Equinor has completed the sales of two non-core discoveries on the Norwegian Continental Shelf (NCS) that were both announced in October 2018. The first sale, of a 77.8% operated interest in the King Lear discovery to Aker BP, was for a total of USD 250 million. The second, of non-operated interests of 42.38% in the […]

Equinor deepens in offshore wind in Poland

December 20, 2018 No Comments

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % interest in Bałtyk II and […]

Tags: , , Renewables
Aasta Hansteen on stream

Aasta Hansteen on stream

December 17, 2018 No Comments

On 16 December Equinor and its partners started production from the Aasta Hansteen gas field in the Norwegian Sea. Today, 17 December gas from the Aasta Hansteen field is available to the market for the first time and together with the Polarled pipeline the field opens a new region for gas export to Europe. “Aasta […]

Equinor proposes the appointment of EY as auditor from 2019

Equinor proposes the appointment of EY as auditor from 2019

December 12, 2018 No Comments

Equinor ASA (OSE: EQNR, NYSE: EQNR) intends to propose to the Corporate Assembly for further approval at its Annual General Meeting on 15 May 2019 that EY be appointed as the company’s auditor for the financial year 2019. This decision was taken following a competitive audit tender. KPMG, Equinor’s current external auditor, will undertake the […]

Equinor completes sale of non-core asset on UK Continental Shelf

Equinor completes sale of non-core asset on UK Continental Shelf

December 10, 2018 No Comments

Equinor and Verus Petroleum have completed their previously announced transaction, whereby Equinor has sold its 17% non-operated interest in the Alba oil field. Alba is located in the Central North Sea. Equinor’s equity production in 2017 was around 2,300 barrels of oil a day. Source / More : Equinor Oil and Gas News Undiluted !!! […]

Subsea field Vigdis production to be boosted by almost 11 million barrels

Subsea field Vigdis production to be boosted by almost 11 million barrels

December 5, 2018 No Comments

The subsea field Vigdis has been producing oil through the Snorre field for more than 20 years. Field production will now be boosted by almost 11 million barrels. Equinor and its partners have decided to invest some NOK 1.4 billion in Vigdis boosting station, expected come online in the first quarter of 2021. “This is […]

Equinor strengthens position in Norwegian Sea

Equinor strengthens position in Norwegian Sea

December 5, 2018 No Comments

Equinor and Faroe Petroleum have agreed a number of transactions in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf (NCS). These transactions are calibrated as a balanced swap when it comes to value with no cash consideration. “The net effect of our agreement with Faroe is to upgrade Equinor’s portfolio […]

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