Equinor has made a major oil and gas discovery near the Fram field in the North Sea, with reserves estimated between 13 and 28 million barrels of oil equivalent (boe). The discovery, located approximately 10 kilometres north of the Troll field, was made on the Rhombi prospect and is being hailed as a crucial find […]
In a pivotal legal showdown, Shell and Equinor have urged a Scottish court to uphold the UK government’s approval of two contentious North Sea oil and gas projects—Jackdaw and Rosebank. Environmental groups, spearheaded by Greenpeace, are fiercely challenging these developments, arguing that they pose a significant threat to climate commitments. The Court of Session in […]
In a strategic endeavor to augment its footprint within the renewable energy sector, Equinor ASA has acquired a 9.8% minority stake in Ørsted A/S, comprising 41,197,344 shares in the Danish offshore wind developer. This transaction, positioning Equinor as the second-largest shareholder after the Danish State, is valued at approximately $2.5 billion, based on current market […]
Azerbaijan’s ACG field is on the cusp of a significant transformation following the signing of a Non-Associated Gas (NAG) agreement. A consortium of energy giants, including ONGC Videsh, bp, the State Oil Company of Azerbaijan (SOCAR), and others, has added a crucial new addendum to the existing Production Sharing Agreement (PSA) for the Azeri-Chirag-Deepwater Gunashli […]
Equinor Energy AS, along with its partners Vår Energi ASA, OMV (Norge) AS, and Repsol Norge AS, has announced a significant oil and gas discovery in the Gudrun field located in the North Sea. This discovery was made in wildcat wells 15/3-13 S and 15/3-13 A, marking a key milestone for exploration in production licence […]
Equinor, in collaboration with Vår Energi, will establish a new, extensive emergency preparedness system for the southwestern Barents Sea, enhancing safety and response capabilities in this challenging maritime region. Set to become operational on January 1, 2025, this area-wide system will strengthen existing emergency response measures by integrating new resources and expertise. Grete B. Haaland, […]
Equinor and Polenergia are on the brink of commencing the construction of two major offshore wind farms in the Baltic Sea, following the recent issuance of a comprehensive set of construction permits by the Pomeranian governor. The Bałtyk 2 and Bałtyk 3 projects, jointly developed by the Norwegian energy giant Equinor and Polish energy firm […]
Shell Offshore Inc., a subsidiary of Shell plc, has announced a critical Final Investment Decision (FID) on the Vito waterflood project at its Vito asset in the United States Gulf of Mexico. This strategic move is expected to significantly enhance oil recovery at the Vito field, underscoring Shell’s commitment to maximizing output from its key […]
Equinor and its consortium partners, including Petoro, Vår Energi, and TotalEnergies EP Norge, have commenced production from the first Lavrans well, marking a significant step in the Kristin South project. This initiative, part of a broader plan approved by Norwegian authorities in 2022, underscores a strategic move to leverage existing infrastructure to enhance oil and […]
SLB (formerly Schlumberger) has announced a significant contract award from Equinor for the front-end engineering design (FEED) of a 12-well, all-electric Subsea Production System (SPS) in the Fram Sør field, offshore Norway. This landmark project marks a crucial step in the fast-tracked global adoption of electric subsea technology, aiming to revolutionize subsea operational efficiency, increase […]