Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over Equinor ASA (EQNR) , the Norwegian energy giant, announced on Thursday that its highly anticipated exploration well in the North Argentine Basin came up dry. The well, Argerich-1, drilled in the North Argentine Basin, showed no evident sign of oil or natural gas. Expectations and Backgro ...

Equinor ASA (EQNR) has awarded Ocean Installer an engineering, procurement, construction and installation (EPCI) contract for subsea umbilicals, risers and flowlines (SURF) as part of the second stage of the Troll Phase 3 gas development project offshore Norway. The contract follows Equinor and its partners' decision to invest more than $1.13 billion (NOK 12 billion) to advance the gas infrastructure in the Troll West gas prospect. Equinor holds a 30.58% operating interest in the Troll gas field. In additio ...

The Heisenberg discovery is located close to several significant North Sea hubs and within tie-back range. The close proximity of the Heisenberg discovery to other discoveries where DNO Norge is involved, such as the Carmen discovery, facilitates its fast development. Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues. In March 2024, Equinor a ...

The Zacks Consensus Estimate for AROC's 2024 EPS is pegged at $1.07. The company has a Zacks Style Score of A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company's attractive oil and gas investments should create long-term value for shareholders. The newly named CO2 Storage Kalundbor ...

Equinor ASA (EQNR) , the leading Norwegian energy company, and Oceanex Energy have received a license from the Australian government to evaluate the feasibility of constructing a wind farm off the country's east coast. The government granted the license in a bid to expand its portfolio of clean energy initiatives. Australia is poised to become a significant market for offshore wind farms following the establishment of a legal framework for offshore wind development in November 2021. Offshore wind farms are ...

Equinor ASA (EQNR) initiated test production at its third solar plant in Poland, named Lipno, significantly enhancing its onshore renewable energy capacity in the country to 200 megawatts (MW). The 53-MW Lipno solar plant, situated in the Wielkopolskie province in central Poland, was developed and will be managed by Wento, a wholly-owned subsidiary of Equinor. The combined annual production from Wento's portfolio is estimated to be 280 GWh, which is sufficient to power about 140,000 Polish households. Equin ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has signed a significant five-year contract with Vallourec, a global leader in premium seamless tubular solutions, in Brazil. This agreement includes the turnkey supply of premium tubes, connections, accessories and comprehensive services, reinforcing Vallourec's long-standing relationship with Equinor, one of Brazil's largest oil producers. Vallourec's high-performance, low-carbon oil country tubular goods (OCTG) solutions are set to play a pivot ...

Equinor ASA (EQNR) reached an agreement to divest a 19.5% interest in two of its Norwegian production licenses to PGNiG Upstream Norway. The strategic transaction involves the production licenses PL 048E, located in the Eirin field, and PL 1201, situated just south of Eirin. Equinor currently holds a 78.2% stake in both licenses, with PGNiG holding the rest. The Eirin field, discovered in 1978, is located 250 kilometers west of Stavanger at a depth of 4,000 meters. It boasts an estimated 27.6 million barrel ...

This agreement followed NYSERDA's announcement in February, when Equinor was named a conditional winner in New York's fourth offshore wind solicitation. Molly Morris, president of Equinor Renewables Americas, expressed gratitude toward NYSERDA and New York for their commitment to the offshore wind industry, highlighting Empire Wind 1 as a pivotal project for the company. Empire Wind 1 is set to become America's first offshore wind project to connect directly to the New York City grid, with an anticipated de ...

In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 4 June 2024 Tone Hegland Bachke and Fernanda Lopes Larsen were elected as new members to the board of directors of Equinor ASA. Furthermore, the nomination committee re-elected of Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Jonathan Lewis, Finn Bjørn Ruyter and Haakon BruunHanssen as members of the board of directors. The current members, Rebekka Glasser Herlofsen ...