Tag Archive

Equinor strengthens its position in Polish offshore wind market

Equinor strengthens its position in Polish offshore wind market

December 10, 2019 No Comments

On 10 December Equinor completed the acquisition of a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. The company now has an interest in all three Bałtyk offshore wind development projects (MFW Bałtyk III, MFW Bałtyk II i MFW Bałtyk I.). The acquisition of Baltyk I strengthens our […]

OMV Transfer Wisting operatorship to Equinor

OMV Transfer Wisting operatorship to Equinor

December 2, 2019 No Comments

Equinor and OMV have agreed on transferring the operatorship for the Wisting license and development phase in the Barents Sea as of 1 December. “We are pleased to continue developing the Wisting field and will concentrate on finding the best development solution for the field development,” says Geir Tungesvik, senior vice president for project development […]

Equinor and ORE Catapult collaborate on Hywind Scotland operational data

Equinor and ORE Catapult collaborate on Hywind Scotland operational data

November 28, 2019 No Comments

Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data via the POD data sharing platform. Operational data from the world’s first floating offshore wind farm, Hywind Scotland, is now available to access on a free to use basis for supply chain businesses and academia through the Offshore Renewable Energy […]

Aker Solutions to Provide Inspection Services for Equinor Assets in Norway

Aker Solutions to Provide Inspection Services for Equinor Assets in Norway

November 15, 2019 No Comments

Aker Solutions has been chosen by Equinor as the main supplier for inspection services for more than 15 operating facilities in Norway. A frame agreement is expected to be signed shortly, covering an initial period of six years with options for two additional four-year extensions. The estimated value of the agreement is NOK 1.2 billion […]

Equinor Buying inspection services for NOK 3.5 billion

Equinor Buying inspection services for NOK 3.5 billion

November 15, 2019 No Comments

Equinor has today chosen suppliers for inspection services on all offshore installations on the Norwegian continental shelf and onshore plants in Norway. The frame agreements are scheduled to be signed shortly. The agreements will be awarded to Aker Solutions AS, Axess AS, Oceaneering Asset Integrity AS and IKM Operations AS, taking effect from 1 January […]

Aker BP proceeds Full speed ahead with Ærfugl Phase 2

Aker BP proceeds Full speed ahead with Ærfugl Phase 2

November 11, 2019 No Comments

The Ærfugl partners have decided to proceed with Phase 2 of the Ærfugl project in the Norwegian Sea, three years ahead of the original plan. The Ærfugl field, which produces via Skarv FPSO, is one of the most profitable development projects on the Norwegian shelf with a break-even price of around USD 15 per barrel […]

Equinor sells Eagle Ford asset

Equinor sells Eagle Ford asset

November 8, 2019 No Comments

Equinor has signed an agreement to divest to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford in the US state of Texas. The transaction covers all of Equinor’s interests in the Eagle Ford Joint Venture with Repsol, covering 69 000 net acres. Following this transaction Repsol will have […]

Equinor discovers Oil and gas in the North Sea

Equinor discovers Oil and gas in the North Sea

November 6, 2019 No Comments

Equinor and partners ExxonMobil, Idemitsu and Neptune have discovered oil and gas in exploration well Echino South, 35/11-23, by the Fram field in the North Sea. Recoverable resources are estimated at 6-16 million standard cubic metres of oil equivalent, corresponding to 38-100 million barrels of oil equivalent. “We are making one of this year’s biggest […]

Equinor awards Hywind Tampen contracts worth NOK 3.3 billion

Equinor awards Hywind Tampen contracts worth NOK 3.3 billion

October 31, 2019 No Comments

On behalf of the Gullfaks and Snorre partners, Equinor today signed contracts totalling around NOK 3.3 billion for the Hywind Tampen wind farm development. The contracts have been awarded to Kværner AS, Siemens Gamesa Renewable Energy AS, JDR Cable System Ltd and Subsea 7 AS. “The signing of five major contracts is a key milestone […]

Equinor third quarter 2019 results

Equinor third quarter 2019 results

October 24, 2019 No Comments

Equinor reports adjusted earnings of USD 2.59 billion and USD 1.08 billion after tax in the third quarter of 2019. IFRS net operating income was negative USD 0.47 billion and the IFRS net income was negative USD 1.11 billion, following net impairments of USD 2.79 billion mainly due to more cautious price assumptions. Financial results […]

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