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Equinor ASA (EQNR.OL)

EQNR.OL on Oslo Stock Exchange

198.40NOK
17 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Reg-Gc Rieber Shipping Shearwater Geoservices Awarded Troll Unit 4D Contract By Equinor
Tuesday, 26 Mar 2019 

Gc Rieber Shipping Asa ::REG-GC RIEBER SHIPPING: SHEARWATER GEOSERVICES AWARDED TROLL UNIT 4D CONTRACT BY EQUINOR.AWARD OF A 4D SEISMIC SURVEY AT TROLL UNIT BY EQUINOR TO BE CONDUCTED THIS SUMMER.TROLL UNIT SURVEY WILL LAST APPROXIMATELY 2 MONTHS.TROLL UNIT SURVEY WILL BE CONDUCTED BY AMAZON CONQUEROR USING SHEARWATER'S ISOMETRIX SYSTEM..  Full Article

TechnipFMC wins 'significant' Equinor subsea contract
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Equinor ASA ::EQUINOR AWARDING CONTRACT FOR SUBSEA PRODUCTION SYSTEM FOR JOHAN SVERDRUP PHASE 2 - EQUINOR.COM.AWARDING A CONTRACT FOR CONSTRUCTING AND INSTALLING SUBSEA PRODUCTION SYSTEM FOR PROJECT PHASE 2 TO TECHNIPFMC.TECHNIPFMC DESCRIBES VALUE OF CONTRACT AS "SIGNIFICANT", DEFINED TO BE IN RANGE OF USD 75-250 MILLION.PRODUCTION SYSTEM CONSISTS OF FIVE TEMPLATES AND A TOTAL OF 18 X-MAS TREES WITH ASSOCIATED COMPONENTS.PLANS CALL FOR JOHAN SVERDRUP FIELD TO START UP IN NOVEMBER THIS YEAR.PRODUCTION START OF PHASE 2 IS SCHEDULED FOR Q4 2022.WE HAVE NOW DETERMINED SUBSEA SOLUTION FOR BOTH PHASE 1 AND 2 OF FIELD DEVELOPMENT, AND TECHNIPFMC HAS BEEN GIVEN RESPONSIBILITY FOR BOTH JOBS.CONTRACTS ARE SUBJECT TO APPROVAL OF PLAN FOR DEVELOPMENT AND OPERATION (PDO) FOR JOHAN SVERDRUP PHASE 2, WHICH WAS SUBMITTED TO AUTHORITIES IN AUGUST 2018.  Full Article

Equinor to adjust gas trading with more short-dated indices
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Equinor ASA ::EQUINOR SEES STRONG MARKET OPPORTUNITIES FOR GAS AND EXPECTS GLOBAL DEMAND TO GROW BY AROUND 10% TOWARDS 2030.EQUINOR SAYS AS MORE LIQUIFIED NATURAL GAS (LNG) AND INTERMITTENT RENEWABLES ENTER THE MARKET, EQUINOR IS PREPARING TO CAPITALIZE ON INCREASED PRICE VOLATILITY.EQUINOR SAYS THE DEMAND FOR SHORTER DATED INDICES IS INCREASING AND OUR RESPONSE IS TO REFLECT THIS DEVELOPMENT IN OUR TRADING.EQUINOR IS ENCOURAGED BY THE POLICY SIGNALS FROM GERMANY ON THE ROLE OF GAS IN PHASING OUT COAL -EXECUTIVE.EQUINOR SAYS ESCALATION OF TRADE TENSIONS STARTS TO BITE AND INFLUENCE COMMODITY FLOWS BUT RECENT TALKS GIVE REASON FOR CAUTIOUS OPTIMISM.EQUINOR SAYS GLOBAL GAS DEMAND IS SET TO INCREASE IN THE SHORT TO MEDIUM TERM WITH ASIA STANDING OUT.EQUINOR SAYS REGIONAL GAS BALANCES REVEAL SIGNIFICANT NEED FOR IMPORTS IN EUROPE AND ASIA.EQUINOR SAYS US RECORD PRODUCTION GROWTH IS RESULTING IN HIGHER EXPORT LEVELS KEEPING MARKET BALANCES TIGHTER THAN MANY HAD EXPECTED.  Full Article

Equinor, KNOC explore floating wind power in South Korea
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Equinor ASA ::EQUINOR: KNOC AND EQUINOR SIGN MOU TO WORK JOINTLY DEVELOPING COMMERCIAL FLOATING WIND - EQUINOR.COM.KOREA NATIONAL OIL CORPORATION (KNOC) AND EQUINOR ASA HAVE SIGNED A MEMORANDUM OF UNDERSTANDING TO JOINTLY EXPLORE OPPORTUNITIES TO DEVELOP COMMERCIAL FLOATING OFFSHORE WIND IN SOUTH KOREA.KOREA NATIONAL OIL CORPORATION (KNOC) AND EQUINOR ASA HAVE SIGNED A MEMORANDUM OF UNDERSTANDING TO JOINTLY EXPLORE OPPORTUNITIES TO DEVELOP COMMERCIAL FLOATING OFFSHORE WIND IN SOUTH KOREA.SOUTH KOREA HAS LARGE POTENTIAL AND OFFERS ATTRACTIVE OPPORTUNITIES WITHIN OFFSHORE WIND.WE LOOK FORWARD TO EVALUATE HOW WE CAN FURTHER EXPAND OUR PORTFOLIO WITHIN OFFSHORE WIND AND CONTRIBUTE TO DEVELOP RENEWABLE ENERGY SOLUTIONS IN SOUTH KOREA.PLAN TO ACTIVELY FOCUS ON PROGRESS AND DE-RISKING STUDIES INCLUDING FEASIBILITY STUDIES.KNOC IS 100% OWNED BY SOUTH KOREAN STATE AND HAS A MANDATE TO ENSURE SOUTH KOREA'S ENERGY SECURITY.KNOC IS LOOKING TO DEVELOP A 200 MW FLOATING OFFSHORE WIND PROJECT AT THEIR EXISTING DONGHAE PLATFORM 58 KM OFF COAST OF ULSAN CITY.  Full Article

Equinor CFO Says Cash Dividend Is Highest Priority In Terms Of Capital Distribution
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Equinor Chief Financial Officer Lars Christian Bacher told a capital markets day on Wednesday::CASH DIVIDEND IS HIGHEST PRIORITY IN TERMS OF CAPITAL DISTRIBUTION.  Full Article

Equinor to invest $270 mln in further Gullfaks field development
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Equinor ASA ::EQUINOR: INVESTING NOK 2.3 BILLION ($269.19 MILLION)TO RECOVER MORE OIL FROM GULLFAKS - EQUINOR.COM.HAVE DECIDED TO DRILL SEVEN NEW WELLS AND THEREBY IMPROVE OIL RECOVERY BY 17 MILLION BARRELS WITH GOOD PROFITABILITY.GULLFAKS PARTNERS (EQUINOR, PETORO AND OMV) ARE NOW READY TO RECOVER EVEN MORE RESOURCES BY USE OF WATER INJECTION AND NEW PRODUCTION WELLS IN SHETLAND/LISTA PHASE 2 DEVELOPMENT.A TOTAL OF SEVEN HORIZONTAL WELLS IS PLANNED TO BE DRILLED BY USE OF EXISTING DRILLING FACILITIES ON GULLFAKS.THESE FORMATIONS THAT USED TO POSE A CHALLENGE ARE NOW DUE TO PRODUCING AT A BREAK-EVEN BELOW USD 30 PER BARREL.OIL FROM SHETLAND/LISTA IS A SMALL CONTRIBUTION TO TOTAL GULLFAKS RESERVES, BUT A MAJOR CONTRIBUTOR TO REMAINING FIELD POTENTIAL.  Full Article

Lundin Petroleum raises its estimated reserves
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Lundin Petroleum AB ::REG-LUNDIN PETROLEUM ANNOUNCES INCREASED RESERVES AND CONTINGENT RESOURCES.AS AT 31 DECEMBER 2018, ITS PROVED PLUS PROBABLE NET RESERVES (2P RESERVES) ARE 745 MILLION BARRELS OF OIL EQUIVALENT (MMBOE).PROVED PLUS PROBABLE PLUS POSSIBLE NET RESERVES (3P RESERVES) ARE 901 MMBOE AND ITS BEST ESTIMATE NET CONTINGENT RESOURCES (CONTINGENT RESOURCES) ARE 225 MMBOE.2P RESERVES REPLACEMENT RATIO IS 163 PERCENT FOR 2018 AND THIS IS FIFTH CONSECUTIVE YEAR THAT LUNDIN PETROLEUM HAS MORE THAN REPLACED PRODUCTION.LUNDIN PETROLEUM'S 2P RESERVES AS AT 31 DECEMBER 2018 ARE 745.4 MMBOE AND REFLECT A POSITIVE REVISION OF 49.2 MMBOE, EXCLUDING SALES.3P RESERVES AS AT 31 DECEMBER 2018 ARE 900.9 MMBOE AND REFLECT A POSITIVE REVISION OF 35.4 MMBOE, EXCLUDING SALES.INCREASE IN RESERVES RELATES MAINLY TO LUNDIN PETROLEUM'S LARGEST ASSET, JOHAN SVERDRUP FIELD.MINOR RESERVES ADDITIONS ON EDVARD GRIEG AND ALVHEIM AREA ALSO CONTRIBUTING TO RESULT.OIL ACCOUNTS FOR 94 PERCENT OF LUNDIN PETROLEUM'S 2P RESERVES AND WHEN JOHAN SVERDRUP FIELD COMMENCES PRODUCTION, WITH EXPECTED START-UP IN NOVEMBER 2019, MAJORITY OF LUNDIN PETROLEUM'S 2P RESERVES WILL BE IN PRODUCTION.RESERVES UPGRADE ON JOHAN SVERDRUP IS DRIVEN BY POSITIVE DRILLING RESULTS AND PROMOTION OF WATER ALTERNATE GAS (WAG) INJECTION PROJECT FROM CONTINGENT RESOURCES TO RESERVES, WHICH WAS SANCTIONED BY PARTNERSHIP DURING 2018.  Full Article

Equinor Completes Acquisition Of Uk Rosebank Project
Friday, 11 Jan 2019 

Jan 11 (Reuters) - Equinor ASA ::EQUINOR COMPLETES ACQUISITION OF UK ROSEBANK PROJECT.THE ACQUISITION WAS FIRST ANNOUNCED ON OCT. 1 2018 nL8N1WH51W.  Full Article

Equinor acquires 50 pct in planned 1.6 GW Polish offshore wind project
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - Equinor ASA ::EQUINOR DEEPENS IN OFFSHORE WIND IN POLAND.HAS EXERCISED AN OPTION TO ACQUIRE A 50 PERCENT INTEREST IN OFFSHORE WIND DEVELOPMENT PROJECT BALTYK I IN POLAND FROM POLENERGIA.TRANSACTION IS A FOLLOW-UP OF AGREEMENT BETWEEN TWO COMPANIES WHICH CAME INTO FORCE IN MAY 2018 , BY WHICH EQUINOR ACQUIRED A 50 PERCENT INTEREST IN BALTYK II AND BALTYK III.BALTYK I OFFSHORE LOCATION LICENSE ALLOWS FOR A DEVELOPMENT OF A WIND FARM WITH A CAPACITY UP TO 1560 MEGAWATT (MW) OF WHICH EQUINOR WILL HOLD 50 PERCENT.  Full Article

Equinor ships Sverdrup oil platform topside to Norway
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Equinor ASA ::PROCESSING TOPSIDE READY FOR JOHAN SVERDRUP.JOHAN SVERDRUP PROCESSING PLATFORM IS NOW SAILING TO NORWAY ON BOARD BOSKALIS VANGUARD, WORLD'S LARGEST HEAVY-TRANSPORT VESSEL.FULLY ASSEMBLED AND TESTED, TOPSIDE FOR JOHAN SVERDRUP PROCESSING PLATFORM IS LEAVING SAMSUNG HEAVY INDUSTRIES YARD ON TIME, BELOW BUDGET.  Full Article

Turkey-focused gas firm Valeura to list on London bourse

LONDON Canada-listed, Turkey-focused gas firm Valeura said on Wednesday it expects its shares to start trading on the London Stock Exchange in a non-dilutive secondary listing next week, a move it had flagged before.