Equinor, in partnership with Ørsted and Nordsøfonden, has been granted its first carbon capture and storage (CCS) exploration permit in Denmark. The collaboration, named CO2 Storage Kalundborg, aims to develop a CO2 storage facility capable of storing up to 12 million tons of CO2 annually, located about 1400 meters below the surface in North West […]
Equinor, a leading global energy company, has marked a significant milestone in its renewable energy journey by commencing test production at its third solar plant in Poland, named Lipno. Located in the Wielkopolskie province, this 53 MW solar facility enhances Equinor’s onshore renewable capacity in Poland to approximately 200 MW, further solidifying its presence in […]
In a strategic maneuver aimed at balancing interests and optimizing resource management, Equinor has agreed to sell a 19.5% stake in production licenses PL 048E and PL 1201, which encompass the Eirin field, to PGNiG Upstream Norway AS (PGNiG). This deal, effective from January 1, 2024, is pending ministry approval and marks a pivotal shift […]
Equinor, alongside its Troll partners, has announced a substantial investment of over NOK 12 billion aimed at expanding the gas infrastructure in the Troll West gas province. This significant investment will boost production and sustain high gas export levels from the Troll and Kollsnes value chain up to 2030. Accelerating Gas Production for Enhanced Energy […]
SLB (NYSE: SLB), through its OneSubsea joint venture, has been awarded a significant contract by Equinor for the second stage of Phase 3 of the Troll project in the North Sea, offshore Norway. This contract is part of a long-standing collaborative framework with Equinor, underlining SLB OneSubsea’s robust partnership and its strategic role in accelerating […]
Subsea7 announced in Stavanger, Norway, the signing of a groundbreaking long-term strategic collaboration agreement with Equinor and Subsea Integration Alliance, which includes Subsea7 and OneSubsea. This new agreement introduces an integrated way of working, essential for making subsea projects economically viable through early information sharing and collaborative benefits. The agreement facilitates an exclusive collaboration that […]
Shearwater GeoServices Holding AS has been awarded two significant 4D monitoring projects by Equinor for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea, marking a pivotal moment in offshore seismic survey operations. These projects, valued for their potential to optimize reservoir management and enhance production efficiency, spotlight […]
In a significant development for the oil and gas industry, Equinor, on behalf of its partners, has announced the extension of contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS. This extension, worth an estimated NOK 18.4 billion, spans four years and is set to provide jobs for approximately 2,000 people […]
Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL), a pivotal player in India’s industrial chemicals and fertilisers production, has forged a significant long-term supply agreement with Equinor, the Norway-based international energy giant. This strategic alliance marks a monumental step for DFPCL, enhancing its comprehensive value chain from gas through ammonia to a broad spectrum of downstream […]
In a significant step towards ensuring the UK’s energy security and supporting the domestic economy, the North Sea Transition Authority (NSTA) has offered 24 new licenses to 17 companies as part of the second tranche of the 33rd oil and gas licensing round. This move, announced on January 31, 2024, sees industry giants such as […]