This agreement followed NYSERDA's announcement in February, when Equinor was named a conditional winner in New York's fourth offshore wind solicitation. Molly Morris, president of Equinor Renewables Americas, expressed gratitude toward NYSERDA and New York for their commitment to the offshore wind industry, highlighting Empire Wind 1 as a pivotal project for the company. Empire Wind 1 is set to become America's first offshore wind project to connect directly to the New York City grid, with an anticipated de ...

In a meeting in the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) on 4 June 2024 Tone Hegland Bachke and Fernanda Lopes Larsen were elected as new members to the board of directors of Equinor ASA. Furthermore, the nomination committee re-elected of Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Jonathan Lewis, Finn Bjørn Ruyter and Haakon BruunHanssen as members of the board of directors. The current members, Rebekka Glasser Herlofsen ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, and Finnish energy company Gasum have extended their long-term contract for liquefied natural gas (LNG) bunkering. This agreement ensures that Gasum will continue to supply LNG to Equinor's dual-fuel chartered fleet, highlighting both companies' commitment to reducing emissions in the maritime sector. The renewed contract, which builds on the existing collaboration between Gasum and Equinor, dates back to 2011. It includes not only the supply of L ...

Furthermore, the nomination committee recommends a re-election of Jon Erik Reinhardsen as chair and Anne Drinkwater as deputy chair of the board, in addition to re-election of Jonathan Lewis, Finn Bjørn Ruyter and Haakon Bruun-Hanssen as members of the board of directors. The current members, Rebekka Glasser Herlofsen, member since 2015, and Tove Andersen, member since 2020, will resign from the board of directors. Board member Mikael Karlsson, who was elected as of 1 April 2024, is not up for election. Ton ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has announced a significant investment exceeding $1 billion to enhance gas production infrastructure at the Troll field, one of the largest oil and natural gas fields in the Norwegian sector of the North Sea. This ambitious project aims to reinforce Europe's energy security by ensuring high levels of gas export. Expanding the Troll Field Infrastructure The Troll field, a foundation of Norway's energy production, has been developed in multiple phas ...

Details of the Discovery According to the Norwegian Offshore Directorate, the discovery was made at the well 25/11-H-1 H, located at the Svalin field. Preliminary calculations estimate the recoverable oil equivalent to be in the range of 0-0.1 million standard cubic meters, or up to 0.6 million barrels. The well had oil in thin sandstone layers less than 3 meters thick, with very good reservoir quality in the Balder Formation, part of the Rogaland Group. Partnership and License Information Equinor, which ha ...

The NOK cash dividend per share is based on average USDNOK fixing rate from Norges Bank in the period plus/minus three business days from record date 16 May 2024, in total seven business days. Average Norges Bank fixing rate for this period was 10.7254. Total cash dividend for fourth quarter 2023 of USD 0.70 per share is consequently NOK 7.5078 per share. On 28 May 2024, the cash dividend will be paid to relevant shareholders on Oslo Børs (Oslo Stock Exchange) and to holders of American Depositary Receipts ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has secured approval from the New York State Public Service Commission to commence construction of its Empire Wind 1 offshore wind farm, as announced by governor Kathy Hochul's office on Thursday. The 810 MW Empire Wind 1 project is a significant step toward New York's ambitious goal of developing 9,000 MW of offshore wind power by 2035. This project will connect to the transmission system for New York City, providing a substantial boost to the st ...

With the Russian invasion of Ukraine in 2022, Norwegian oil major Equinor ASA (NYSE:EQNR) (OTCPK:STOHF) emerged as the new preeminent regional supplier of natural gas to Europe. That resulted in a record year for EQNR, whose earnings over the past 5 quarters have faced very tough comps, as natural gas prices declined considerably. Company Profile: Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and o ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, entered into a value-neutral asset swap agreement with Petoro, aiming to harmonize their equity interests in the Haltenbanken area on the Norwegian Continental Shelf (NCS). Details of the Swap As part of this agreement, Equinor will increase its ownership in the Heidrun field and the Noatun discovery while decreasing its stakes in the Tyrihans field, the Johan Castberg field, and the Carmen and Beta discoveries. Currently, Equinor holds a 13% equi ...