Equinor (OSE: EQNR, NYSE: EQNR) will on 25 October 2024 commence the fourth and final tranche of up to USD 1.6 billion of the share buy-back programme for 2024, as announced in relation with the third quarter results 24 October 2024. In this fourth tranche, shares for up to USD 528 million will be purchased in the market, implying a total tranche of up to USD 1.6 billion including shares to be redeemed from the Norwegian State. The tranche will end no later than 31 January 2025. Equinor announced at the Cap ...

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted operating income* of USD 6.89 billion and USD 2.04 billion after tax in the third quarter of 2024. Equinor reported net operating income of USD 6.91 billion and net income at USD 2.29 billion. Adjusted net income* was USD 2.19 billion, leading to adjusted earnings per share* of USD 0.79. Financial and operational performance Solid financial resultsEffective execution of extensive turnaround programmeStrong cash flow from operations Strategic progress All-ti ...

Global economies are progressively shifting toward cleaner energy sources, and energy companies are facing growing pressure to address climate change from various angles. While most analysts agree that renewable energy will play a significant role in meeting future energy demands, it is unlikely to eliminate the need for oil and natural gas entirely. Fossil fuel demand is expected to continue growing, albeit at a slower rate. The U.S. Energy Information Administration, in its Annual Energy Outlook 2023, sta ...

Equinor (EQNR, Financial) stock experienced a 3.02% drop in price today, primarily due to its announcement of a new acquisition. This movement contrasted with a 1% decrease in the S&P 500 index, reflecting specific investor reactions to Equinor's latest strategic move. The company's decision to acquire a minority stake in Ørsted, Denmark's largest energy company, has caught the market's attention. Equinor acquired approximately 4.2 million shares, equating to a 10% ownership stake in Ørsted, a company renow ...

Investors seemed skeptical of a buy-in to a fellow Scandinavian energy company. Oil and gas companies might be riding a long-tail boom these days, but you wouldn't know that from the latest action in Equinor (EQNR -3.02%). The Scandanavian energy company didn't do well on Monday, sinking by 3% in price on news of a fresh acquisition. The S&P 500 index also landed in negative territory, but not as deeply, as it fell a comparatively benign 1%. Investing in the wind Equinor's major news item that day was the d ...

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has announced significant progress on its development projects with 19 initiatives currently underway. In the proposed National Budget for 2025, the Norwegian Ministry of Energy detailed the status of 13 Equinor-operated projects that are either under development or have recently been completed. According to Trond Bokn, head of project development at Equinor, the company's developments in 2023 contributed to significant economic activity, with 25 ...

Equinor ASA (EQNR) awarded Aker Solutions a significant contract to enhance the gas production capabilities of the Troll A platform as part of the ongoing Troll Phase 3 development. The contract, valued between NOK 500 million and NOK 1.5 billion, covers engineering, procurement, construction, installation and commissioning services. This work will focus on modifications to the platform that will support the extraction of gas from the Troll West reservoir, one of Norway's largest sources of natural gas. The ...

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has made significant progress in its $9 billion Raia offshore gas project in Brazil. Per a Bloomberg report, the company's CEO Anders Opedal confirmed, during an oil conference in Rio de Janeiro, that all major contracts have been secured to build a floating production vessel, drill wells and install seabed infrastructure. The project, which aims to meet 15% of Brazil's gas demand, is expected to begin production by 2028. Valaris to Lead Offshore ...

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has scrapped its plans to export blue hydrogen to Germany due to high costs and a lack of sufficient demand, per media reports. The move came at the heels of the company's initial partnership with German energy giant RWE, which was established in January 2022 to create a hydrogen supply network aimed at reducing greenhouse gas emissions in German power plants. Cost and Lack of Demand Force EQNR to Reevaluate Partnership Equinor initially expected ...

Equinor ASA (EQNR) , a Norwegian state-owned energy powerhouse, has successfully anchored its floating production, storage, and offloading vessel (FPSO) on the Johan Castberg field in the Barents Sea. This marks a critical step as the FPSO is now set for hook-up to subsea facilities, paving the way for initiating production toward the end of 2024. EQNR Anchors FPSO, Prepares for Subsea Hook-Up The FPSO is currently being hooked up to the subsea infrastructure on the Johan Castberg field, according to Trond ...