Fearn was not immediately available for comment on what triggered the move away from Equinor, which is earning record profits this year on the back of soaring natural gas prices in Europe.
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OSLO — Equinor’s chief financial officer (CFO) will step down next week and take up a position from Jan. 1 as CFO of Danish brewer Carlsberg , the two Nordic companies said on Friday. A former senior executive at telecoms group BT and drinks maker Diageo, Swedish-born Ulrica Fearn is leaving Equinor after just 16 […]
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Equinor (EQNR) (STOHF) appointed Torgrim Reitan as CFO and executive vice president, effective Oct
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As European governments continue to investigate the damage to the Nord Stream systems and the possible end to Russian natural gas imports, the Baltics celebrated a new pipeline and pathway for Norwegian supply. Equinor ASA has signed a long-term sales agreement to deliver additional natural gas supplies to Poland via the Baltic Pipe system, which… The post Equinor, Poland Sign Natural Gas Supply Deal Ahead of Baltic Pipe Start-Up appeared first on Natural Gas Intelligence
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As European governments continue to investigate the damage to the Nord Stream systems and the possible end to Russian natural gas imports, the Baltics
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In the last trading session, 6.63 million Equinor ASA (NYSE:EQNR) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $33.01 changed hands at $1.34 or 4.23% during last session, the market valuation stood at $112.70B. EQNR’s last price was a discount, traded about -28.84% off its 52-week high … Equinor ASA (NYSE: EQNR): Today’s Most-Watched Stocks Read More »
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Equinor ASA (NYSE:EQNR) price is hovering higher on Monday, September 26, jumping 3.80% above its previous close. A look at today’s price movement shows that the recent level at last check reads $31.67, with intraday deals fluctuating between $31.565 and $32.335. The company’s 5Y monthly beta was ticking 0.71 while its P/E ratio in the … Equinor ASA Still Hasn’t Convinced Analysts? Read More »
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MELBOURNE — Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark’s Orsted and Norway’s Equinor. But the industry, starting from scratch Down Under, faces a slew of challenges. After more than a decade of weak climate action under […]
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Around 2.4bn cubic metres of gas per year will be exported through the new Baltic Pipe, which connects the Norwegian gas export system to Poland via Denmark The post Equinor signs 10-year contract to sell gas to Poland’s PGNiG appeared first on Energy Live News .
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By Sonali Paul MELBOURNE (Reuters) – Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark’s Orsted and Norway’s Equinor. But the industry, starting from scratch Down Under, faces a
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Under a new government, Australia is shaping up to be the next big market for offshore wind developers, attracting interest from the likes of Shell, Denmark''s Orsted and Norway''s Equinor. But the industry, starting from scratch Down Under, faces a slew of challenges.
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(Bloomberg) --
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(Bloomberg) --
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Politics | Business emer/mrb/mf September 23, 2022 Poland’s natural gas utility PGNiG has signed contracts with Equinor securing up to 2.4 billion cubic meters (bcm) in annual Norwegian natgas supplies over 10 years to January 1, 2033, PGNiG said on Friday. The deal will provide the Polish company with additional fuel volumes that will be […] Polish natural gas giant PGNiG signs gas supply deals with Norwegian peer
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Equinor (EQNR) said Friday it entered into a 10-year agreement to sell natural gas to Poland''s PGNiG, which eventually will help the country''s access to energy following Russia''s…
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Norwegian energy company Equinor announced on Friday a long-term agreement with Polish dominant gas company PGNiG on annual gas supplies in the amount of 2.4 billion cubic meters via the new Baltic Pipe
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Some 2.4 Bcm of gas to be exported each year through Baltic Pipe to Poland
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In the current trading session, Equinor ASA’s (EQNR) stock is trading at the price of $34.42, a gain of 0.91% over last night’s close. So, the stock is trading at a price that is -19.07% less than its 52-week high of $42.53 and 46.21% better than its 52-week low of $23.54. Based on the past […]
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"Dysfunctional Futures Market" May Spark Next EU Energy Crisis As Liqudity Crunch Looms Europe''s energy sector is facing a perfect storm as a dysfunctional futures market may lead to a new crisis where prices move higher due to a liquidity crunch , according to Reuters . Sharp market swings in natural gas and electricity prices since Russia''s invasion of Ukraine have left some oil and gas companies without the necessary funds to hedge their physical trades if they cannot satisfy margin calls, an exchange requirement for extra collateral to guarantee trading positions when prices rise… "We have a dysfunctional futures market , which then creates problems for the physical market and leads to higher prices, higher inflation ," a senior trading source told Reuters. In March, the lack of liquidity became apparent when trading firms, utilities, oil majors, and bankers sent a letter to governments and financial institutions such as European Central Bank for emergency liquidity to shore up energy markets as prices surged.
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Equinor has been, and still is, returning a lot of economic benefits to Norway. Read more to see why my stance is a Hold for EQNR stock.
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Equinor ASA (NYSE:EQNR) has a beta value of 0.99 and has seen 4.91 million shares traded in the last trading session. The company, currently valued at $113.20B, closed the last trade at $34.61 per share which meant it lost -$0.14 on the day or -0.40% during that session. The EQNR stock price is -22.88% off … Equinor ASA (EQNR) Has A Promising Outlook For 2022 Read More »
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Are Europe''s Energy Crisis "Solutions" Doomed To Failure? Authored by Pete Hoekstra via The Gatestone Institute, Europe is facing a growing energy crisis. Individuals and industries are being battered by rising energy costs. On August 31, Russia shut down the Nord Stream 1 gas pipeline to Germany for initially what was supposed to be 72 hours, but followed by an announcement of " technical difficulties " that would prevent a resumption. Russian energy giant Gazprom also announced that natural gas supplies to French energy company Engie SA would be immediately reduced. These actions have created significant uncertainty and the threat of much higher energy prices in Europe as the cold winter season approaches. In the Netherlands last month, I had the opportunity to discuss the skyrocketing energy costs. Monthly utility bills of 400 to 600 euros are not unusual. One company said it was spending four times the amount for natural gas than a year ago. The company indicated because of these higher costs, it would be cutting its production by 50% this winter.
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Tendeka has inked a multi-year extension deal to provide sand and inflow control technology across Equinor’s oil and gas assets on the NCS. The post Fresh multi-year extension for UK firm covering Equinor’s oil & gas assets off Norway appeared first on Offshore Energy .
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Tendeka has extended its decade-long relationship to provide sand and inflow control technology across Equinor’s NCS assets. Global completions specialist Tendeka has signed a new multi-year contract extension to exclusively deliver standardised sand-face completion equipment across all Equinor’s assets on the Norwegian Continental Shelf (NCS). The agreement, which also includes options for further extension periods, […] Tendeka extends decade-long relationship to provide sand and inflow control technology across Equinor’s NCS assets
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Equinor ASA (EQNR)’s stock is trading at $35.77 at the moment marking a fall of -2.45% from the last session close. As of this writing, shares are priced at -15.89% less than their 52-week high of $42.53, and 58.95% over their 52-week low of $22.50. Based on the past 30-day period, the stock price is […]
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As Europe considers interventions to bring down energy prices, the region’s largest gas supplier urged political leaders not to turn away from free markets forever.
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Rosneft paid just 1 euro ($1) for Equinor''s main assets when the Norwegian oil major left Russia, per Reuters. Western oil majors have been trying to exit Russia given the sanctions its faces over the Ukraine war. The Kremlin allowed Equinor to drop $1 billion worth of its investment commitments as part of the deal. Russia''s state-run energy giant Rosneft paid the equivalent of $1 for Equinor ''s main assets when the Norwegian oil major left its operations in the country earlier this month, Reuters reported. In sealing the deal that allowed it to fully exit Russia, Equinor dodged a long-drawn-out faceoff with Moscow, but at a cost. After weeks of negotiations, the Kremlin agreed to allow Equinor to drop $1 billion worth of future investment liabilities and commitments, Reuters reported Wednesday, citing three industry sources. They will be transferred to Rosneft as part of the deal, which called for the Norwegian company to sell its stake in its joint ventures with its Russian counterpart for just 1 euro ($1) in return.
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Under the deal, the Kremlin agreed to transfer Equinor''s future investment liabilities and commitments, valued at around $1 billion, to Rosneft. In return, Equinor agreed to sell Rosneft its stakes in their joint ventures for one euro, the sources said, speaking on condition of anonymity.
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OSLO (Reuters) – Some 26 energy companies have sought Norway’s permission to drill for oil and gas in this year’s predefined areas licensing round, the Norwegian ministry for oil and energy said on Tuesday.
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Equinor ASA (NYSE:EQNR) price is hovering lower on Wednesday, September 07, dropping -5.56% below its previous close. A look at today’s price movement shows that the recent level at last check reads $37.68, with intraday deals fluctuating between $37.145 and $38.25. The company’s 5Y monthly beta was ticking 0.71 while its P/E ratio in the … If You’re Not Bullish On Equinor ASA (NYSE: EQNR) Now, You’ll Kick Yourself Later Read More »
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Bristow (VTOL) said Wednesday it secured a contract from Equinor for search and rescue services offshore at the Johan Sverdrup and Statfjord B platforms in the Norwegian North Sea off…
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Markets are jumpy, with US equities trading back and forth over the key supports at the former lows of the cycle in the major indices. The action settled near those important support levels and then futures traded softer overnight in an Asian session that saw the downward spiral in the Japanese yen accelerating despite stern words from Japan’s Ministry of Finance. It seems only a change of course from the Bank of Japan has the chance of slowing the yen’s slide. What is our trading focus? Nasdaq 100 (USNAS100.I) and S&P 500 (US500.I) US equities continued to slide lower yesterday as the US 10-year yield advanced to close at 3.35% getting closer to the recent high of 3.5%. The culprit was the much stronger than expected ISM Services yesterday pushed the Fed Funds forward curve lower indicating higher policy rates for longer. S&P 500 futures fell 0.9% and is trading lower again this morning in early European trading hours sitting around the 3,897 level. Hong Kong’s Hang Seng (HSIU2) and China’s CSI300 (03188:xhkg) Hong Kong stocks notably underperformed their mainland counterparts for the second straight session.
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European energy trading risks grinding to a halt unless governments extend liquidity to cover margin calls of at least $1.5T, Equinor (EQNR) told Bloomberg on Tuesday, as the…
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Norwegian energy company Equinor CEO Andres Opedal told the Financial Times on Tuesday, in an interview, that he would back the imposition of higher taxes on energy companies. Opedal asserted that su…
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Norwegian energy company Equinor CEO Andres Opedal told the Financial Times on Tuesday, in an interview, that he would back the imposition of higher taxes on energy companies. Opedal asserted that su…
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On Friday, the oil and energy company Equinor confirmed that it had completed the process of withdrawing from its Russian projects. “On May 25, 2022,… Continue reading Equinor finalizes Russia exit at Norway Today.
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Equinor ASA (NYSE:EQNR) at last check was buoying at $38.13 on Friday, September 02, with a rise of 1.14% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $37.70 and 5Y monthly beta was reading 0.71 with its price kept floating in … Fresh Data-Based Insight On Equinor ASA (EQNR) Read More »
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September 2, 2022 Equinor has completed its exit from Russia, the Norwegian energy group said on Friday, delivering on a promise made after Russia’s invasion of Ukraine in February. This marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies and … Read more
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Equinor is the first major Western oil company to completely exit Russia. ExxonMobil, BP, Shell, and TotalEnergies have all committed to leave the country or stop investing. Equinor exited four joint ventures with Rosneft and abandoned the Kharyaga project. Equinor, a Norwegian energy corporation, has announced that it has completed its exit from Russia. Equinor […] The post The Norwegian energy firm completes Russia exit appeared first on BOL News .
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Equinor ASA (EQNR)’s stock is trading at $38.20 at the moment marking a fall of -1.52% from the last session close. As of this writing, shares are priced at -10.18% less than their 52-week high of $42.53, and 81.64% over their 52-week low of $21.03. Based on the past 30-day period, the stock price is […]
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Equinor ASA (NYSE:EQNR) has a beta value of 1.01 and has seen 4.31 million shares traded in the last trading session. The company, currently valued at $124.58B, closed the last trade at $39.37 per share which meant it lost -$1.61 on the day or -3.93% during that session. The EQNR stock price is -8.03% off … Weak Fundamental Momentum Pushes Equinor ASA (EQNR) Lower Read More »
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Shell''s Vito deepwater oilfield in the U.S. Gulf of Mexico will start production in early 2023, partner Equinor said on Wednesday.
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Japanese Firm Signs New LNG Deal With Russia''s Sakhalin-2 By Tsvetana Paraskova of Oilprice.com Tokyo Gas, the largest city gas supplier in Japan, has signed a long-term LNG agreement with the new Russian operator of the Sakhalin-2 project to keep supply volumes from the project, a spokesperson for the Japanese company told Reuters on Tuesday in a second such deal between a firm from Japan and the new operator. Last week, the largest power generation firm in Japan, JERA, told Reuters it had signed a long-term LNG deal to maintain its supply from the Sakhalin-2 project. Western majors hastened to announce they are abandoning joint projects in Russia after Vladimir Putin invaded Ukraine at the end of February. Some international companies have managed to exit their participation, such as Norway’s Equinor, which said at the end of May that “The exit from all Joint Ventures has been completed in accordance with Norwegian and EU sanctions legislation related to Russia.” A decree from Putin stipulated in early July that a newly set up state Russian company take over the rights and obligations of Sakhalin Energy Investment Co., the joint venture running the Sakhalin-2 oil and gas project.
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Equinor (EQNR) and Wintershall Dea said on Tuesday they will jointly develop carbon capture and storage projects, including a planned 900-km pipeline from northern Germany to storage…
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The Norwegian-based energy company, Equinor ASA, reported strong second-quarter results. Read more to see a full investment analysis.
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Equinor ‘close to first power’ from Hywind Tampen
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Equinor (EQNR) is considering selling a 28% stake in the Statfjord field in the North Sea, as well as stakes in connected fields Statfjord North, Statfjord East and Sygnaand,…
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Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer-maker Yara’s Dutch operation from 2025 in what they say is a commercial breakthrough for the business. The joint venture founded by oil firms Equinor, TotalEnergies and Shell plans to inject CO2 from industrial plants into rock […]
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STAVANGER — Norwegian carbon dioxide (CO2) storage company Northern Lights and its owners have agreed to store emissions captured at fertilizer maker Yara’s Dutch operation from 2025 in what they say is a commercial breakthrough for the business. The joint venture founded by oil companies Equinor , TotalEnergies and Shell plans to inject CO2 from […]
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OSLO — Norway’s Equinor is considering selling a 28% stake in Statfjord field, which straddles the Norwegian and British continental shelves, alongside minority stakes in several satellite fields, a presentation seen by Reuters showed. The company has hired U.S. investment bank Houlihan Lokey to advise on the sale, which could fetch up to $500 million, […]
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