Equinor ASA (EQNR) has reinforced its commitment to the Norwegian Continental Shelf by extending contracts for four years with three major drilling service providers.The agreements with Archer, KCA Deutag Drilling Norway and Odfjell Operations, estimated to be worth NOK 18.4 billion ($1.75 billion), promise to sustain employment and operational continuity in the region.The four-year extensions are pivotal for the energy sector, ensuring job retention for 2,000 individuals each year, with additional employme ...

The nomination committee in Equinor ASA ((OSE:EQNR, NYSE:EQNR) recommends that the company's corporate assembly elects Mikael Karlsson as new member to Equinor ASA's board of directors. The board in Equinor ASA has consisted of 10 members after Michael Lewis left the board in March 2023. It has been desired to increase to 11 members. The nomination committee recommends Mikael Karlsson as new shareholder elected member of the board of directors. Karlsson is partner and Vice Chairman of Actis Capital, a leadi ...

Equinor ASA (EQNR) announced the commencement of power production at its Mendubim solar plant in Brazil.The new facility, with a capacity of 531 megawatts (MW), represents a significant expansion in the company’s renewable energy operations, boosting its production in the South American nation by 30%.Mendubim is set to produce 1.2 terawatt hours (TWh) of electricity annually. A notable portion of this production, about 60%, is secured through a power purchase agreement with Norsk Hydro’s Alunorte, which ran ...

Igors AleksejevsInvestment thesis Equinor ASA (NYSE:EQNR) continues to impress with its capital returns, supported by this European major's sizable cash pile. The stock is also down 20% from my prior article, so I think my caution was justified: Seeking AlphaAs oil (CL1:COM) appears to be strengthening and EQNR got quite oversold, I am now betting on a small bounce to the $28-$30 area. However, unlike Equinor's management, I remain bearish on European natural gas, which in fact was one of the risk fact ...

Equinor ASA (EQNR) and Polenergia have joined forces with RockWave to enhance subsurface data for the 1,560 MW Baltyk 1 offshore wind farm in Poland. The contract focuses on reprocessing sparker ultra-high resolution seismic data, aiming to optimize subsurface imaging crucial for upgrading engineering ground models and wind turbine foundation designs.This newly processed data is expected to play a pivotal role in upgrading the engineering ground model and wind turbine foundation designs for Baltyk 1 wind fa ...

Equinor ASA, (EQNR) the Norwegian state-owned energy giant, is taking significant steps toward the electrification of Hammerfest LNG (“HLNG”), a crucial component of the Snøhvit Future project.The Norwegian energy giant recently sealed a call-off option, entering into an agreement with Multiconsult Norge, a subsidiary of Multiconsult, for the engineering of the grid connection to Hammerfest LNG. The Snøhvit Future project, of which HLNG is a vital part, aims to enhance Norway's standing as a reliable suppli ...

New York has taken a significant step forward in its clean energy ambitions by naming Equinor ASA’s (EQNR) Empire Wind 1, and Sunrise Wind (a joint venture between Orsted and Eversource Energy) as the conditional winners of the state's fourth offshore wind solicitation.The decision marks a pivotal move in supporting the offshore wind industry, which faces challenges from rising construction costs, higher interest rates and supply-chain disruptions.New York's officials awarded conditional contracts for the p ...

OLE BERG-RUSTEN/AFP via Getty Images Equinor (NYSE: NYSE:EQNR) has had a consistent share price weakness over the past two years since reaching its peak. The company has an almost $80 billion market cap, and a strong dividend yield, as it continues to generate massive cash flow. As the company works to continue generating a double-digit dividend yield, it'll be a valuable long-term investment. Equinor 2035 Targets The company is targeting an aggressive growth plan as it attempts in both its current portfoli ...

Anton Petrus/Moment via Getty Images Much lower Natural Gas prices (NG1:COM) affected the top and bottom lines of integrated oil majors in 2023. Among those firms affected, Equinor ASA (NYSE:EQNR) of Norway had a major decline in earnings. I last wrote about EQNR here with a Hold rating. fnvz The Russian invasion of Ukraine caused a major realignment in Natural Gas sourcing in Europe in 2022, which resulted in a record year for EQNR. However, as detailed below, EQNR's 2023 earnings weren't exactly paltr ...

The shares in Equinor ASA ((OSE: EQNR, NYSE:EQNR) will as from today be traded excluding the third quarter 2023 cash dividend as detailed below. Ex-date: 14 February 2024 Ordinary cash dividend amount: 0.30 Extraordinary cash dividend amount: 0.60 Announced currency: USD This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. ...