Tag Archive

Gas discovery in the Norwegian Sea

Gas discovery in the Norwegian Sea

September 17, 2019 No Comments

Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea. Recoverable resources are estimated at 8–14 million standard cubic metres of oil equivalent, corresponding to 50–88 million barrels of oil equivalent (boe). “This is good news. The Ørn discovery proves […]

Equinor Responds to Fire on board tanker

Equinor Responds to Fire on board tanker

September 13, 2019 No Comments

At 1102 hours local time, Equinor’s emergency response centre received reports of a fire in the engine room of the tanker “Dubai Harmony”. The ship is moored at the quayside at the Sture terminal in Øygarden municipality in Hordaland. The public emergency rescue service and authorities have been notified of the situation, and Equinor’s emergency […]

Equinor Update on status in the Bahamas

Equinor Update on status in the Bahamas

September 11, 2019 No Comments

The situation for the people on the Bahamas continues to be very challenging. Equinor has an ongoing operation to respond to and clean up the oil spill in the Bahamas. Equinor has a team working at South Riding Point terminal Bahamas including an advanced onshore response team with oil spill technical specialist. In total more […]

Equinor Bahamas update

Equinor Bahamas update

September 9, 2019 No Comments

Equinor continues the work to respond to the effects of Hurricane Dorian on the South Riding Point terminal and the oil spill at the terminal site and nearby. The situation in the Bahamas remains challenging due to damage to infrastructure. We are supporting employees affected by the hurricane. The first vessel, contracted by Equinor, with […]

Equinor to clean up the Bahamas oil spill

Equinor to clean up the Bahamas oil spill

September 9, 2019 No Comments

In the aftermath of Hurricane Dorian there are reports of widespread devastation across the Bahamas. Equinor will clean up the spills from the South Riding Point oil terminal. Resources are being mobilized as quickly as possible to safeguard people, the environment and the facility. At the time of arrival of the hurricane, Equinor had 54 […]

Equinor launches a USD 5 billion share buy-back programme

Equinor launches a USD 5 billion share buy-back programme

September 5, 2019 No Comments

Equinor (OSE: EQNR, NYSE: EQNR) is launching a share buy-back programme of up to USD 5 billion over a period until the end of 2022. The first tranche of the programme of around USD 1.5 billion is commencing today and will end no later than 25 February 2020. “Equinor is committed to capital distribution to […]

Johan Sverdrup start-up schedule Fast Tracked

Johan Sverdrup start-up schedule Fast Tracked

September 5, 2019 No Comments

Equinor and its partners are preparing for production start from the world class Johan Sverdrup field already in October this year, one month ahead of schedule. Equinor also presents updated operating costs and strong cash flow estimates for the initial year of production. The Johan Sverdrup development continues to progress well through the final stages […]

Weatherford Signs $80 Million Agreement With Equinor

Weatherford Signs $80 Million Agreement With Equinor

September 2, 2019 No Comments

Weatherford International plc (OTC-PINK: WFTIQ) announced it has signed an $80 million liner-hanger frame agreement with Equinor, a Norwegian-based international energy company. The four-year deal represents the largest liner-hanger frame agreement ever signed by Weatherford. Mark Hopmann, President of Completions for Weatherford said, “Weatherford is the market leader for liner-hanger technology across the North Sea. […]

Equinor completes sale of shares in Lundin Petroleum

Equinor completes sale of shares in Lundin Petroleum

August 30, 2019 No Comments

Equinor and Lundin have completed both parts of the transaction announced on 7 July 2019. This follows all transaction conditions being met, including government and regulator approvals. The overall result is that Equinor has divested a 16 percent shareholding in Lundin for a direct interest of 2.6 percent in the Johan Sverdrup field and a […]

Ten selected for Equinor’s Techstars Energy Accelerator 2019

Ten selected for Equinor’s Techstars Energy Accelerator 2019

August 27, 2019 No Comments

Equinor today announced the second class of global start-up companies selected to participate in the Techstars Energy Accelerator. Three Norwegian companies participate in the programme. The ten start-up companies have been selected from hundreds of applicants across 42 countries. Through an intensive 13-week programme they will seek to accelerate their solution by tapping into a […]

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