Tag Archive

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

NOK 6,7 billion Johan Sverdrup living quarters topside ready for sail-away

March 18, 2019 No Comments

With 560 beds the Johan Sverdrup living quarters topside is the largest of its kind in Norway. The fourth and last platform for the first phase of the giant project is now ready for sail-away from Kværner’s yard on Stord to the Johan Sverdrup field, where it will be installed in a single lift. “This […]

Oil discovery from Visund in the North Sea

Oil discovery from Visund in the North Sea

March 4, 2019 No Comments

Equinor has, together with partners Petoro, ConocoPhillips and Repsol, made an oil discovery from the Visund A platform in the Telesto exploration well in the North Sea. The resources are estimated at 12-28 million barrels of recoverable oil. “We are pleased to have made a new discovery on Equinor-operated acreage on the Norwegian continental shelf […]

67% of Equinor purchases was from Norwegian suppliers in 2018

67% of Equinor purchases was from Norwegian suppliers in 2018

February 28, 2019 No Comments

In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to suppliers with a Norwegian billing address, i.e. 67% of total purchases. “A competitive supply industry is highly important for the Norwegian continental shelf (NCS) and Equinor. Over the last year the […]

Equinor sees strong market opportunities for gas

Equinor sees strong market opportunities for gas

February 21, 2019 No Comments

Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy transition, Equinor sees strong market opportunities for gas and expects global demand to grow by around 10% towards 2030. Equinor is the largest producer of natural gas on […]

KNOC and Equinor sign MOU

KNOC and Equinor sign MOU

February 15, 2019 No Comments

Korea National Oil Corporation (KNOC) and Equinor ASA have signed a Memorandum of Understanding to jointly explore the opportunities to develop commercial floating offshore wind in South Korea. “South Korea has large potential and offers attractive opportunities within offshore wind. We are pleased to sign a MoU with KNOC to strengthen our collaboration. We look […]

Equinor Announce fourth quarter 2018 Results

Equinor Announce fourth quarter 2018 Results

February 6, 2019 No Comments

Equinor reports adjusted earnings of USD 4.4 billion and USD 1.5 billion after tax in the fourth quarter of 2018. IFRS net operating income was USD 6.7 billion and the IFRS net income was USD 3.4 billion. The fourth quarter and full year were characterised by: Solid results and strong cash flow. Net debt ratio […]

Equinor and partners award contract to Wergeland Base

Equinor and partners award contract to Wergeland Base

February 5, 2019 No Comments

Gulen Industrial Harbour in Sogn og Fjordane county has been awarded the contract for assembly site for the floating Hywind Tampen wind turbines before they are transported to the field in the North Sea. No work will commence prior to an investment decision for Hywind Tampen. Hywind Tampen could become the world’s first project to […]

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 […]

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