Equinor ASA (EQNR) has committed to an ambitious $6-billion annual investment in oil and gas exploration and drilling in Norway to obtain steady production through 2035, per a Reuters report.The decision comes at a crucial time, as Equinor steps up to become Europe’s primary gas supplier, filling the gap left by reduced Russia gas imports after the EU’s sanctions following the Ukraine conflict.Per Equinor’s CEO, Anders Opedal, this investment represents the maximum the company can allocate without compromis ...

In a meeting in the corporate assembly of Equinor ASA ((OSE:EQNR, NYSE:EQNR) on 20 March 2024 Mikael Karlsson was elected as new member to Equinor's board of directors. Karlsson is partner and Vice Chairman of Actis Capital, a leading global investor in sustainable infrastructure. In the period 2021-2023 he was Chief Investment Officer in Actis, in 2012 he became partner in Actis and had the role as Head of Energy and Infrastructure from 2015-2021. From 2009-2015 he was CEO in Globeleq, an Actis portfolio c ...

When you think about large integrated oil majors, companies like ExxonMobil, Chevron, Shell, TotalEnergies, and BP probably come to mind first. But Norwegian energy giant Equinor (EQNR -0.08%) is also up there.Unlike its peers, which have a more distributed ownership base, 75% of Equinor is owned by the Norwegian state and Norwegian private owners. Only 12% of its shareholders resided in the U.S. as of the end of 2022.Here's why Equinor is a high-yield dividend stock for passive income investors to consider ...

Equinor ASA (EQNR) has reinforced its commitment to the Norwegian Continental Shelf by extending contracts for four years with three major drilling service providers.The agreements with Archer, KCA Deutag Drilling Norway and Odfjell Operations, estimated to be worth NOK 18.4 billion ($1.75 billion), promise to sustain employment and operational continuity in the region.The four-year extensions are pivotal for the energy sector, ensuring job retention for 2,000 individuals each year, with additional employme ...

The nomination committee in Equinor ASA ((OSE:EQNR, NYSE:EQNR) recommends that the company's corporate assembly elects Mikael Karlsson as new member to Equinor ASA's board of directors. The board in Equinor ASA has consisted of 10 members after Michael Lewis left the board in March 2023. It has been desired to increase to 11 members. The nomination committee recommends Mikael Karlsson as new shareholder elected member of the board of directors. Karlsson is partner and Vice Chairman of Actis Capital, a leadi ...

Equinor ASA (EQNR) announced the commencement of power production at its Mendubim solar plant in Brazil.The new facility, with a capacity of 531 megawatts (MW), represents a significant expansion in the company’s renewable energy operations, boosting its production in the South American nation by 30%.Mendubim is set to produce 1.2 terawatt hours (TWh) of electricity annually. A notable portion of this production, about 60%, is secured through a power purchase agreement with Norsk Hydro’s Alunorte, which ran ...

Igors AleksejevsInvestment thesis Equinor ASA (NYSE:EQNR) continues to impress with its capital returns, supported by this European major's sizable cash pile. The stock is also down 20% from my prior article, so I think my caution was justified: Seeking AlphaAs oil (CL1:COM) appears to be strengthening and EQNR got quite oversold, I am now betting on a small bounce to the $28-$30 area. However, unlike Equinor's management, I remain bearish on European natural gas, which in fact was one of the risk fact ...

Equinor ASA (EQNR) and Polenergia have joined forces with RockWave to enhance subsurface data for the 1,560 MW Baltyk 1 offshore wind farm in Poland. The contract focuses on reprocessing sparker ultra-high resolution seismic data, aiming to optimize subsurface imaging crucial for upgrading engineering ground models and wind turbine foundation designs.This newly processed data is expected to play a pivotal role in upgrading the engineering ground model and wind turbine foundation designs for Baltyk 1 wind fa ...

Equinor ASA, (EQNR) the Norwegian state-owned energy giant, is taking significant steps toward the electrification of Hammerfest LNG (“HLNG”), a crucial component of the Snøhvit Future project.The Norwegian energy giant recently sealed a call-off option, entering into an agreement with Multiconsult Norge, a subsidiary of Multiconsult, for the engineering of the grid connection to Hammerfest LNG. The Snøhvit Future project, of which HLNG is a vital part, aims to enhance Norway's standing as a reliable suppli ...

New York has taken a significant step forward in its clean energy ambitions by naming Equinor ASA’s (EQNR) Empire Wind 1, and Sunrise Wind (a joint venture between Orsted and Eversource Energy) as the conditional winners of the state's fourth offshore wind solicitation.The decision marks a pivotal move in supporting the offshore wind industry, which faces challenges from rising construction costs, higher interest rates and supply-chain disruptions.New York's officials awarded conditional contracts for the p ...