|Bid||14.80 x 140000|
|Ask||14.86 x 140000|
|Day's Range||14.74 - 14.84|
|52 Week Range||14.50 - 24.67|
|Beta (3Y Monthly)||0.62|
|PE Ratio (TTM)||6.01|
|Forward Dividend & Yield||0.93 (6.36%)|
|1y Target Est||31.38|
Danske Commodities, a power and gas trading firm owned by oil major Equinor, has expanded its operations to the United States, completing its first trade on the PJM wholesale power market, it said on Thursday. The trade, which Danske Commodities called a milestone, extended the company's reach to 39 countries and was part of a strategy to expand globally, adding to the European and Australian markets that the firm is currently active in. The company launched its U.S. operation with three employees based in Equinor's Connecticut office, Danske's global head of power trading Jesper Tronborg told Reuters, declining to disclose the size of the initial trade.
Norway’s Equinor aims to play a more active role in selling its natural gas on the European market and capitalize more on spot market prices
Cuomo made the announcement at a New York City news conference just before signing into law a landmark climate bill to reduce the state's greenhouse gas emissions to zero by 2050. Offshore wind is expected to play a key role in reducing the state's emissions, and the state has a goal of procuring 9,000 megawatts (MW) by 2035.
New York on Thursday awarded two major offshore wind contracts to Norway's Equinor and a joint venture between Denmark's Orsted and U.S. utility Eversource, a key milestone in Governor Andrew Cuomo's ambitious plan to slash the state's greenhouse gas emissions. The two contracts add up to 1700 MW of capacity, or enough to power 1 million homes, Cuomo said at a press conference in New York City.
Production on the Trestakk oil and gas field on Haltenbanken in the Norwegian sea has started, operator Equinor said on Tuesday, adding that the project had come in under budget. Equinor said that, on field start-up, the final costs are expected to be 5 billion Norwegian crowns ($585 million) compared to the 5.5 billion crowns estimated when the project was approved by the authorities in 2017. The field has estimated recoverable resources of 76 million barrels of oil, the company added.
Norwegian oil and gas firm Equinor ASA on Sunday said it will sell a 16% stake in Lundin Petroleum AB for about $1.56 billion, and in return acquire an additional 2.6% stake in Johan Sverdrup oilfield. Equinor agreed to sell about 54.5 million Lundin shares at a price of 266.4 crowns ($28.22), representing a discount of about 9.6% to Lundin's close on Friday. It will retain a 4.9% stake in Lundin.
Norway proposes to open two new areas in the North Sea with the potential to hold installed capacity of up to 3.5 gigawatts (GW) of offshore wind
Norway’s Equinor and partners Ineos E&P and Faroe Petroleum will evaluate how to further develop an oil and gas discovery made in exploration well 6507/3-13 (Snadd Outer Outer/Black Vulture), 14 km southwest of Norne field in the northern part of the Norwegian Sea and 200 km west of Sandnessjoen in production license 159B.
Equinor Energy will plug exploration well 7335/3-1 in PL 859, which was drilled 8 km southeast of the 7435/12-1 (Korpfjell) natural gas discovery in the Barents Sea, and 435 km north of Vardo. The well was dry. The well was drilled to a vertical depth of 4,268 m subsea drilled by Seadrill’s West Hercules semisubmersible drilling rig in 239 m of water.
Equinor's exploration well drilled near its Korpfjell gas find in the Norwegian Arctic has proved to be dry, Norway's Petroleum Directorate said on Monday, in an area near the Russian offshore border the company had hoped would be oil rich. This is another disappointment for Norway which hoped that the Barents Sea could become its new oil and gas province, helping to sustain its key industry, whose production is set to fall from mature fields in the North Sea. The area in the southeastern Barents Sea was opened for seismic acquisition and exploration after Norway and Russia's border agreement came into force in 2011.
Equinor has resumed crude oil loadings from its Statfjord field in the North Sea following a spill last week, the Norwegian oil and gas company said on Monday. Production from Statfjord remains unaffected, and the offloading of crude is now taking place from an alternative buoy on the field, it added. The company was still investigating the source of the oil spill that was detected on the sea surface on May 15, prompting shutdown of loadings to a shuttle tanker, a spokesman said.
Equinor is investigating an oil spill at its Statfjord field in the North Sea, although the Norwegian company said on Wednesday the incident had not disrupted production. Loading was stopped and loading systems at the field were shut down after oil was spotted nearby and systems were mobilised to deal with such a situation, Equinor said. "In connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, oil was observed on the sea surface early this morning," Equinor said.
With energy projects high on the agenda, China and Norway will mark a further thaw in relations on Wednesday when Beijing's third-ranked politician arrives in Oslo. The four-day visit by Li Zhanshu, who heads the National People's Congress, is the most high-profile by a Chinese official since the two countries restored full diplomatic ties three years ago.
Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday. The Oseberg field produced 46,000 barrels of oil and 15.5 million cubic metres of natural gas in February, the latest available data from the Norwegian Petroleum Directorate showed. The field's facilities also process oil from several adjacent fields, including Oseberg South, before exporting it to the Sture terminal onshore.
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. The company, which has a smaller refining business than rivals, fared slightly better than BP, Exxon Mobil, and Chevron which saw sharp declines in profits partly due to lower refining margins. Equinor's domestic and international oil and gas production units both beat forecasts, while its refining, marketing and renewable energy unit was largely in line with analysts' expectations.
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November. Equinor's domestic and international oil and gas production units both beat forecasts, while its refining, marketing and renewable energy unit was largely in line with analysts' expectations. Its quarterly oil and gas production was 2.18 million barrels of oil equivalents per day (boepd), slightly ahead of a 2.16 million forecast in the poll.
On a per-share basis, the Stavanger, Norway-based company said it had net income of 51 cents. Earnings, adjusted for non-recurring gains, came to 46 cents per share. The oil and gas company posted revenue ...