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Equinor
76 articles mentioning Equinor · Page 1 of 4
Energy Firms Exit Russian Projects En Masse, Citing Ukraine Invasion (Updated 3/4/22)
This week, several energy companies have announced that they will be abandoning projects tied with Russia in protest of the country's invasion of Ukraine. Several other firms who have asset connections with Russia are reportedly mulling...
Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO of Equinor, said: “We are all deeply troubled...
Equinor Wraps Up Sale of Bakken Assets to PE-Backed Grayson Mill
Equinor has finalized its $900MM sale of its Bakken assets to EnCap-backed Grayson Mill Energy. The deal was initially announced on February 10, 2021 and it marks Equinor's exit from the play. Equinor will continue to...
Equinor Fourth Quarter, Full Year 2020 Results
Equinor reported its Q4 and full year 2020 results. The company reported adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income...
New President / CEO Takes Helm of Equinor
Equinor's board of directors has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar Sætre will retire after six years as CEO and more than 40 years in the company....
Equinor Cuts 2020 Capex by 20%; Halts Onshore U.S. D&C Activity
Equinor has reported an updated outlook for 2020 and a ~$3.0 billion action plan to strengthen the company's financial resilience. Plan Details: Reducing organic capex for 2020 from $10-11 billion to around $8.5 billion, a reduction...
Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls
Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...
Equinor Turns on Taps at Johan Sverdrup in the North Sea
Equinor and the Johan Sverdrup partnership consisting of Lundin Norway, Petoro, Aker BP and Total, started production from the giant field in the North Sea, more than two months ahead of and NOK 40 billion below...
Equinor, Partners Strike Oil at Two Targets at Well Offshore Norway
Equinor, along with its partners Ineos E&P and Faroe Petroleum, have made an oil and gas discovery in exploration well Snadd Outer Outer/Black Vulture in production licence 159B in the Norwegian Sea. The well had two...
Exxon, Partners to Further Invest in Offshore Angola Block; Increase Production
ExxonMobil and its partners plan to further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. This decision comes on...
Equinor Reports GOM Discovery at Shell-Operated Blacktip Prospect
Equinor has announced a significant discovery at the Blacktip prospect in the deepwater U.S. Gulf of Mexico. The Blacktip exploration well has encountered more than 400 feet (122 metres) net oil pay with good reservoir and...
Equinor Adds to Argentina Assets in Latest Bid Round; Op & Non-Op
Equinor adds seven offshore exploration blocks to its portfolio, after presenting winning bids in the 1st Offshore Licensing Round in Argentina. Equinor submitted the winning bids for five blocks as operator. Equinor also participated in winning...
Statoil to Change Name to Equinor
The board of directors of Statoil proposes to change the name of the company to Equinor. The name change supports the company’s strategy and development as a broad energy company.The name Equinor is formed by combining...
Lundin, Statoil Tout Small Gas Discovery at Korpfjell Exploration Well
Lundin and Statoil have announced a small, noncommercial gas discovery at the Korpfjell exploration well 7435/12-1 in PL859 in the southeastern Barents Sea. The Korpfjell gas discovery is estimated to contain gross resources between 40 and...
Statoil, YPF Set Sights on the Neuquen Basin; Ink Joint Development Deal
Statoil and YPF have inked a JV to explore for hydrocarbons in the Bajo del Toro block in Argentina's Neuquen Basin. Statoil will enter the Bajo del Toro exploration permit in the Neuquén Basin as a...
Statoil Expands Presence Offshore Suriname; Two New Exploration Licenses
Statoil has scored two additional offshore exploration licenses in Suriname's Guyana Basin. - Block 59: Statoil has been awarded 33.33% equity interest. ExxonMobil is the operator. Block 59 is a potential extension of the trend on...
Statoil Settles for 10-20 MMBOE Gas Discovery in the Barents Sea
Statoil and its partners, ENI and Petoro, have hit a small gas discovery at the Blåmann well in the Barents Sea. While Statoil had hoped to target an oil-rich discovery, no oil volumes were encountered. Recoverable...
Statoil, Husky Come Up Empty at Two Wells Near Bay du Nord Discovery
Statoil and its partner, Husky Energy, have come up empty at its two latest exploration wells drilled near the Bay du Nord discovery in the Flemish Pass Basin (offshore St. John's, Newfoundland and Labrador). Trond Jacobsen,...
Schlumberger Scores Service Contract for Statoil's Utgard Discovery
This follows the execution of a master service agreement with Statoil in January 2016.
Statoil Awarded Interests in 29 North Sea Exploration Licenses
Statoil has been awarded interests in 29 exploration licenses on the Norwegian continental shelf, 16 of which the company will operate.