Key Takeaways Adura secured a $3B RBL facility, marking its first syndicated financing since its December 2025 formation.The Shell-Equinor JV drew 18 global banks, reflecting strong confidence in its asset base and strategy.Adura combines 12 fields to boost UK energy supply, efficiency and long-term offshore production stability.Shell plc (SHEL) and Equinor ASA (EQNR) have taken a decisive step toward reshaping the United Kingdom’s offshore energy sector through their joint venture, Adura Energy, which has ...

Equinor has begun drilling operations at the Raia gas project in the pre-salt region of Brazil’s Campos Basin, with production targeted for 2028. Drilling operations began this week, with the Valaris DS 17 drill-ship carrying out this phase of the campaign. The development lies approximately 200km offshore in water depths of around 2,900m and will involve six wells. Raia is among Brazil’s largest ongoing natural gas projects, with recoverable reserves surpassing one billion barrels of oil equivalent (b ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv CERAWEEK Equinor CEO says EU unlikely to increase Russian gas imports | Reuters Russia's share of EU gas imports dropped from 45% before the full-scale invasion of Ukraine in 2022 to 12% in 2025, according to EU data, as the bloc implemented sanctions, contract bans and emergency diversification. U.S. liquefied natural gas and increased supply from Norway have filled much of the gap. Opedal sa ...

Key Takeaways EQNR acquires 230 MW Esquina do Vento wind project in Brazil, expanding its onshore renewable portfolio.Equinor will use 51 Vestas turbines with a 30-year service deal, with construction set to begin in Q2'26.EQNR's project will likely generate 1 TWh yearly, powering 520,000 homes and launching operations by 2028.Equinor ASA (EQNR) has acquired the 230 MW Esquina do Vento onshore wind project in Brazil from Vestas. Following the acquisition, EQNR expanded its onshore renewable energy portfolio ...

Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, it... ...

Equinor has acquired the ready-to-build 230 MW Esquina do Vento onshore wind complex in Brazil from Vestas, marking a further expansion of its renewable footprint in one of its core international markets. The project, located in Rio Grande do Norte, will feature 51 Vestas turbines and is expected to generate around 1 TWh annually - enough to power roughly 520,000 Brazilian households. Construction is scheduled to begin in the second quarter of 2026, with commercial operations targeted for 2028. The ass ...

Shell-Equinor JV Adura secures $3 billion lending facility | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv A view shows a logo of Shell petrol station in South East London, Britain, February 2, 2023. REUTERS/May James/File Photo Purchase Licensing Rights, opens new tab Companies Sign up here. Reporting by Prerna Bedi in Bengaluru Our Standards: The Thomson Reuters Trust Principles., opens new tab Equinor ASA Follow Shell PLC Follo ...

Core Insights - Equinor ASA announced a new oil discovery in the Barents Sea, tied to the Johan Castberg field, where it holds a 46.3% stake [1][2] - The new discovery in the Polynya Tubåen prospect has an estimated recoverable volume of 14-24 million barrels of oil equivalent [2][9] - The startup of the Johan Castberg field is expected in the first quarter of 2025, marking the opening of a new oil province for Equinor [2] Exploration and Development - The new oil discovery will utilize existing infrastructure at Johan Castberg, enhancing economic viability and allowing for sustained high output levels [3] - Equinor plans to continue exploration in the Barents Sea, indicating untapped potential that could contribute to future oil output [4] - The Johan Castberg development is estimated to contain 500-700 million barrels of recoverable reserves, with plans to increase this by an additional 200-500 million barrels through further exploration [4][9] Operational Strategy - Equinor intends to drill 1-2 exploration wells annually in the region to maintain peak production levels for an extended duration [2][9]

Core Viewpoint - Equinor's shares experienced a significant increase of 5.1% to $40.51, driven by rising gas prices due to geopolitical tensions affecting LNG supply [1][2] Group 1: Stock Performance - Equinor's stock has gained 36.4% over the past four weeks, indicating strong market interest and performance [1] - The recent trading session saw a higher-than-average volume of shares exchanged, reflecting increased investor activity [1] Group 2: Market Dynamics - The surge in gas prices is linked to an Iranian attack on Qatar's LNG infrastructure, which has severely impacted Qatar's LNG production and created a global energy supply shortage [2] - This situation is expected to benefit Equinor as a major gas supplier, particularly to Europe, where demand for LNG is rising due to the supply disruption [2] Group 3: Earnings Expectations - Equinor is projected to report quarterly earnings of $0.75 per share, representing a year-over-year increase of 13.6%, while revenues are expected to decline by 21.9% to $23.37 billion [3] - The consensus EPS estimate for Equinor has been revised 7.1% higher in the last 30 days, suggesting positive sentiment among analysts [4] Group 4: Industry Context - Equinor operates within the Zacks Oil and Gas - Refining and Marketing industry, which includes other companies like CVR Energy [5] - CVR Energy's stock has also shown volatility, with a recent decline of 2.4% and a significant change in EPS estimates, highlighting the competitive nature of the industry [5][6]

Norwegian oil production slipped 0.2 % in February as output fell slightly by 3,000 barrels per day (bpd) compared to January, averaging 1.97 million bpd, according to preliminary figures from the Norwegian Offshore Directorate. Production came in 262 kbpd higher than a year earlier, when oil output totaled 1.708 million bpd. Total liquids production on the Norwegian continental shelf averaged 2.176 million bpd last month, including 1.97 million bpd of oil, 188,000 barrels of natural gas liquids (NGL), ...