Equinor deploys huge profits to mount $6 billion share buyback scheme
Equinor (OSE, NYSE: EQNR) the majority state-owned Norwegian oil firm, has unveiled a whopping set of profits and upped its share buyback plan to $6 billion for 2022.
Equinor (OSE, NYSE: EQNR) the majority state-owned Norwegian oil firm, has unveiled a whopping set of profits and upped its share buyback plan to $6 billion for 2022.
Contractors are buoyant as spending on offshore EPC over the next five years totals $276 billion, a 71% increase compared to the preceding five-year period - according to a Westwood Insight report.
Equinor’s turbines float, so they can harvest stronger winds further out to sea. Our floating wind farm Hywind Scotland is the best performing UK wind farm. See how we’re accelerating the UK energy transition at equinor.co.uk
ASCO has been awarded a five-year contract extension to provide Equinor with logistics and quayside services from its Peterhead base.
At Equinor, we believe so. When hydrogen is used as a fuel, its only emission is water. We’re planning to bring hydrogen power to the UK’s most carbon-intensive industrial region. See how we’re accelerating the UK energy transition at equinor.co.uk
Equinor will only install seven of the 11 floating wind turbines planned for its Hywind Tampen project this year, as supply chain issues force commissioning to be pushed back.
A major engineering and design contract has been awarded for what is expected to become Scotland’s first carbon capture-enabled power plant at Peterhead.
Equinor has signed an agreement to buy 100% of US-based battery storage developer East Point Energy, marking its first play in the US power market.
Should offshore wind be measured in knots or watts? At Equinor, we measure it in gigawatts. When completed, Dogger Bank offshore wind farm could provide the UK with 3.6GW of electricity – enough to power 5 million homes. See how we’re accelerating the UK energy transition at equinor.co.uk
Global energy project delays, stemming from tight supply chains, delivered a big blow to subsea tree awards in the first half of the year.
At Equinor, we plan to send them 1km below the seabed. Carbon emissions from the Humber and Teesside regions will be captured and safely stored beneath the North Sea. See how we’re accelerating the UK energy transition at equinor.co.uk.
Equinor will offer financial support to employees in the United States who will have to travel out of the state they live in to have an abortion.
Norway’s oil and gas safety watchdog has launched an investigation into a fire at an Equinor-operated refinery over the weekend.
More than half of Norway's gas exports are likely to be hampered by ongoing offshore strikes, the country's leading trade body has said.
How low can we make carbon emissions go? At Equinor, we plan to send them 1km below the seabed. Carbon emissions from the Humber and Teesside regions will be captured and safely stored beneath the North Sea. See how we’re accelerating the UK energy transition at equinor.co.uk.
Environmental activists have called on Holyrood to knock back plans for a new low carbon power station, earmarked for Aberdeenshire.
Aibel has shared footage of the first offshore platform for the Dogger Bank wind farm arriving at its Haugesund yard.
As of 23 June, Westwood Global Energy reports that there are four exploration wells active, two in the Northern North Sea and two in the Norwegian Sea. Since the last report, five exploration well programs have completed, with three of the wells being successful. The Slagugle appraisal well was P&A in April, with no results released until May when it was reported as a dry well.
Shell is buying a 51% stake in the North Platte development, in the US Gulf of Mexico, from Equinor, the Norwegian company has revealed.
Equinor has partnered with simultation training provider Attensi to create gaming technology for new safety training.
Equinor and SSE Thermal have acquired Triton Power as they prepare for a transition to hydrogen.
The Linnorm gas discovery in the Norwegian North Sea will not be progressed as a separate development, operator Shell confirmed last week.
Norway’s state-run oil company Equinor has condemned a fatal shooting at an LGBTQ+ venue in Oslo.
Equinor’s North Sea boss has reinforced the Norwegian energy giant’s commitment to developing the Rosebank project.
Equinor has dismissed "speculation" suggesting it has “threatened to abandon” the £4.5bn Rosebank project due to the UK windfall tax.