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United Kingdom

Equinor ASA (EQNR.OL)

EQNR.OL on Oslo Stock Exchange

194.35NOK
14 Dec 2018
Change (% chg)

kr-1.55 (-0.79%)
Prev Close
kr195.90
Open
kr192.60
Day's High
kr195.70
Day's Low
kr192.60
Volume
3,271,939
Avg. Vol
3,339,022
52-wk High
kr234.60
52-wk Low
kr168.50

Latest Key Developments (Source: Significant Developments)

Pareto Securities cuts Equinor to sell from buy, target to NOK 170 from 300
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Equinor ASA ::EQUINOR: PARETO SECURITIES CUTS TO SELL FROM BUY, CUTS SHARE PRICE TARGET TO NOK 170 FROM NOK 300.SHOULD BE SEEN IN LIGHT OF DOWNGRADE OF OIL PRICE FORECAST FOR NEXT YEAR; CRUDE IS EXPECTED TO FALL A LITTLE FURTHER FROM CURRENT LEVEL BEFORE IT TURNS IN THE SECOND QUARTER, PARETO ANALYST TOM ERIK KRISTIANSEN SAID.PARETO CUTS 2019 BRENT OIL PRICE FORECAST TO $71/BARREL FROM $80.AKER BP: PARETO SECURITIES CUTS SHARE PRICE TARGET TO NOK 300 FROM NOK 325, MAINTAINS BUY.PARETO EXPECTS AKER BP TO GENERATE STRONG CASH FLOW, INCREASED BY JOHAN SVERDRUP FIELD COMING ON STREAM NEXT YEAR, AND STRONG DIVIDEND YIELD.PARETO IS ALSO EXPECTING GOOD OPERATIONAL PERFORMANCE BY AKER BP, AND IS 6 PCT ABOVE CONSENSUS ON 2019 PRODUCTION, KRISTIANSEN SAID.Further company coverage: EQNR.OLAKERBP.OL.  Full Article

Equinor proposes switch of auditor to EY
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Equinor ASA ::EQUINOR PROPOSES THE APPOINTMENT OF EY AS AUDITOR FROM 2019.KPMG, EQUINOR'S CURRENT EXTERNAL AUDITOR, WILL UNDERTAKE AUDIT OF EQUINOR ASA FOR FINANCIAL YEAR 2018.  Full Article

Dudgeon windfarm owners in GBP 1.4 bln refinancing deal
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Equinor ASA ::EQUINOR: ATTRACTIVE REFINANCING OF THE DUDGEON WIND FARM - EQUINOR.COM.OWNERS OF DUDGEON WIND FARM, EQUINOR, MASDAR AND CHINA RESOURCES GROUP, HAVE SIGNED A HYBRID REFINANCING OF GBP 1.4 BILLION.REFINANCING INCLUDES COMMERCIAL BANK DEBT AND SENIOR SECURED NOTES PRIVATELY PLACED WITH INSTITUTIONAL INVESTORS.BOTH TRANCHES HAVE BEEN OVERSUBSCRIBED, UNDERPINNING STRONG INVESTOR INTEREST. A- (EXP) RATING BY FITCH REFLECTS EFFICIENT OPERATIONS AND ROBUST ASSET PERFORMANCE.  Full Article

Norway approves Equinor's Troll Phase 3 development plan
Friday, 7 Dec 2018 

Dec 7 (Reuters) - Equinor ASA ::MINISTRY OF PETROLEUM AND ENERGY HAS APPROVED PLAN FOR DEVELOPMENT AND OPERATION (PDO) OF TROLL PHASE 3 DEVELOPMENT.CAPITAL EXPENDITURES OF NOK 7.8 BILLION WILL HELP EXTEND PRODUCTIVE LIFE OF TROLL FIELD BEYOND 2050.THANKS TO THE PDO APPROVAL EQUINOR AND ITS PARTNERS CAN NOW DELIVER ANOTHER 2.2 BILLION BARRELS OF OIL EQUIVALENT FROM THE FIELD.TROLL IS THE BIGGEST GAS PRODUCER ON THE NORWEGIAN CONTINENTAL SHELF, MEETING 7-8% OF EUROPE’S TOTAL DAILY GAS CONSUMPTION.WITH A BREAK-EVEN OF LESS THAN USD 10 PER BARREL, TROLL PHASE 3 IS ONE OF MOST PROFITABLE AND RESILIENT PROJECTS EVER IN OUR COMPANY.EQUINOR WILL WORK CLOSELY WITH PARTNERS AND SUPPLIERS PLANNING START-UP OF FIELD IN FIRST HALF OF 2021.TROLL PARTNERS: EQUINOR (30.58% - OPERATOR), PETORO (56%), NORSKE SHELL (8.10%), TOTAL E&P NORGE (3.69%), CONOCOPHILLIPS SKANDINAVIA (1.62%).  Full Article

Vigdis field partners to invest NOK 1.4 bln to boost output by 11 mln barrels
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Equinor ASA ::EQUINOR: BOOSTING VIGDIS - EQUINOR.COM.FIELD PRODUCTION WILL NOW BE BOOSTED BY ALMOST 11 MILLION BARRELS..EQUINOR AND ITS PARTNERS HAVE DECIDED TO INVEST SOME NOK 1.4 BILLION IN VIGDIS BOOSTING STATION, EXPECTED COME ONLINE IN Q1 OF 2021.CONTRACT FOR DELIVERING BOOSTING SYSTEM, INCLUDING SUBSEA TEMPLATE AND TRAWLING PROTECTION, HAS BEEN AWARDED TO ONESUBSEA. CONTRACT VALUE IS ESTIMATED AT NOK 700 MILLION.A CONTRACT FOR WORK TO BE PERFORMED ON SNORRE A AND B PLATFORMS WILL BE AWARDED LATER, WHEREAS MARINE OPERATIONS WILL BE PERFORMED UNDER EQUINOR'S FRAMEWORK CONTRACTS.  Full Article

Faroe Petroleum says may introduce sustainable dividend policy
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Faroe Petroleum PLC told an investor presentation::SAYS MAY INTRODUCE A "SUSTAINABLE DIVIDEND POLICY".  Full Article

Equinor and Faroe Petroleum swap assets in the Norwegian Sea
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Faroe Petroleum Plc and Equnior : :NORWEGIAN ASSET SWAP WITH EQUINOR AND FAROE PETROLEUM.AGREEMENT WITH EQUINOR ENERGY AS TO SWAP ITS INTERESTS IN NJORD, HYME REDEVELOPMENT AND BAUGE DEVELOPMENT ASSETS ( "DIVESTED ASSETS") IN RETURN FOR INTERESTS IN FOUR PRODUCTION ASSETS ON NORWEGIAN CONTINENTAL SHELF: ALVE, MARULK, RINGHORNE EAST AND VILJE.TRANSACTION HAS AN EFFECTIVE DATE OF 1 JANUARY 2019 AND IS SUBJECT ONLY TO CONSENT FROM NORWEGIAN AUTHORITIES.ACCELERATES TARGETED PRODUCTION GROWTH ADDING 7-8,000 BOEPD IN 2019.EQUINOR: THE NJORD FIELD WAS IN PRODUCTION FROM 1997 TO 2016, THE PLATFORM AND THE STORAGE VESSEL HAVE BEEN BROUGHT TO SHORE FOR AN EXTENSIVE UPGRADE. THE FIELD IS PLANNED TO RESTART IN 2020 AND PRODUCE UNTIL 2040.EQUINOR: THE REMAINING RESERVES FOR THE NJORD AND HYME FIELDS ARE ESTIMATED TO BE 175 MILLION BARRELS OF OIL EQUIVALENT, WHILE BAUGE HAS A RESERVES ESTIMATE OF 73 MILLION BARRELS OF OIL EQUIVALENT.  Full Article

Equinor awards wired drill pipe contracts to NOV, Schlumberger
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Equinor ASA ::NOV AND SCHLUMBERGER HAVE BEEN AWARDED CORPORATE FRAME AGREEMENTS FOR GLOBAL DELIVERIES OF WIRED DRILL PIPES TO EQUINOR.IN ADDITION, NOV WILL SUPPLY WIRED DRILL PIPE FOR MARINER FIELD IN UK, WEST HERKULES EXPLORATION CAMPAIGN ON NORWEGIAN CONTINENTAL SHELF AND TRANSOCEAN ENABLER'S DRILLING CAMPAIGN ON TRESTAKK.ESTIMATED VALUE OF THIS WORK SCOPE IS AROUND NOK 300 MILLION.TOTAL CONTRACT VALUE MAY EXCEED NOK ONE BILLION DURING FIRST THREE YEARS OF CONTRACT PERIOD.WE ARE UPGRADING ALL RIGS AND SOME PLATFORMS IN 2018 AND 2019 TO PREPARE FOR MORE AUTOMATED DRILLING.SAYS THE WIRED DRILL PIPE TECHNOLOGY HELPS TO AVOID EXPENSIVE DRILLING MISTAKES, AND GIVES BETTER UNDERSTANDING OF RESERVOIR.  Full Article

Equinor, Scatec start commercial operation at Brazil solar plant
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Equinor ASA ::APODI SOLAR PLANT IN COMMERCIAL OPERATION.AROUND 170,000 HOUSEHOLDS IN BRAZIL ARE NOW POWERED WITH ELECTRICITY FROM APODI SOLAR PLANT.162 MW APODI SOLAR PLANT, OPERATED BY SCATEC SOLAR, WAS EQUINOR'S FIRST STEP INTO SOLAR ENERGY.IT IS GRID CONNECTED AND IN COMMERCIAL OPERATION.  Full Article

Equinor says NOK value of Q2 dividend is NOK 1.9632/share
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Equinor ASA ::EQUINOR SAYS VALUE OF PREVIOUSLY ANNOUNCED Q2 DIVIDEND IS NOK 1.9632 PER SHARE, TO BE PAID NOV 30.  Full Article

UPDATE 2-Europeans sweep record U.S. offshore wind auction

Dec 14 A U.S. government auction for three wind leases off the coast of Massachusetts ended on Friday with record-setting bids totaling more than $400 million from European energy giants including Royal Dutch Shell Plc and Equinor ASA.