Equinor expects offshore wind costs to improve
The Equinor CEO said he had regular discussions with turbine makers on improving costs. “I’m sure that in time offshore wind will be back with lowering the levelised cost of energy.”
Anders Opedal
Equinor books $300m impairment on US offshore wind plans
Equinor reported a profitable Q3 despite lower gas prices, but pointed to a major impairment expected on its US wind portfolio.
Rosebank a “difficult decision” for Equinor CEO
“I believe developing Rosebank will be needed, as oil and gas will be needed in the energy transition. Our strategy is to develop oil and gas, renewables and low carbon solutions.”
Brian Wilson: Time to revamp UK’s outdated electricity market arrangements
While the country cries out for cheap electricity, it seems perverse to fork out hundreds of millions of pounds to pay wind farm operators not to generate electricity.
Rosebank needed for UK energy security: Equinor boss
Equinor chief executive Anders Opedal said Rosebank will be needed to shore up UK energy security, and that recent windfall tax measures had not affected the company’s North Sea strategy.
Equinor hikes dividend following record quarter
Equinor (OSLO:EQNR) joined peers in reporting record third-quarter results and announcing a hike to its dividend on the back of soaring gas prices and boosted supplies to Europe.
Al Cook trades up oil for diamonds as he leaves Equinor for De Beers
Al Cook is trading up oil exploration with Equinor for hunting for diamonds in Africa with De Beers.
‘Vast majority’ of net zero scenarios will not meet 1.5C target, warns Equinor
A new report from Equinor analysts presents two potential pathways for energy transition, and warns of the gap between incremental change and rapid decarbonisation needed to meet Paris goals.
BP boss Looney praises outgoing Shell CEO for helping to ‘shape the future’ of energy
Energy bosses have been paying tribute to “class act” Ben van Beurden after news broke that he would be stepping down as chief executive of Shell (LON: SHEL).
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 condemns ‘act of hate’ Oslo shooting
Norway’s state-run oil company Equinor has condemned a fatal shooting at an LGBTQ+ venue in Oslo.
Equinor in study for offshore wind farm to power series of North Sea platforms
Equinor is studying the potential for a new 1GW wind farm to power a series of oilfields in the North Sea.
Equinor suffers $1.08bn impairment on Russia exit
Equinor is to increase its share buybacks after posting “strong financial results” for the first quarterof 2022.
Equinor confirms it will stop trading in Russian oil
Equinor has confirmed that it will stop trading in Russian oil as the company shuts down its operations in the country.
Equinor shuffles top team, tributes paid as company stalwart calls it a day
Norwegian energy giant Equinor (OSLO: EQNR) has made a host of changes to its top brass after a senior figure announced his intention to retire.
Equinor follows BP in exiting ‘untenable’ Russia joint ventures
Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia.
Equinor to ‘compete fiercely’ on future projects, following ScotWind snub
Evaluating the company’s 2021 results, executives from the Norwegian energy giant spoke of their disappointment at not securing capacity in the recent ScotWind auction, but said it would not change their renewables strategy.
Equinor hails ‘record’ earnings for Q4 2021 as European energy prices skyrocket
Equinor has hailed “record adjusted earnings” in Q4 of 2021 as European energy prices reached unprecedented levels.
Norwegian energy minister to cut ribbon on Martin Linge field
Equinor’s Martin Linge oil and gas field will be officially opened today after more than six months in production.
World risks “ever more chaotic” transition, Aramco boss warns
The world is on course for a “deeply flawed” and “ever more chaotic energy transition”, Saudi Aramco CEO Amin Nasser has said, in comments at the World Petroleum Congress.
Equinor enjoys oil price profits surge but renewables revenue dips
Equinor enjoyed a boost to profits in the third quarter driven by higher oil prices, while seasonally lower winds dented revenues from renewables.
‘We are not where we need to be’ – Equinor CEO pledges to improve safety after several ‘serious incidents’ in 2020
Equinor’s chief executive has vowed to toughen safety measures after the firm experienced “several serious incidents” throughout 2020.
Equinor making job cuts in UK, Canada and US in response to downturn
Equinor is making job cuts in the UK, Canada and US in response to the oil downturn, with its Aberdeen workforce included in the process.
Equinor appoints Anders Opedal as new CEO
Equinor has appointed insider Anders Opedal as its new CEO, replacing Eldar Saetre who is to retire after 40 years in the Norwegian energy company.