Equinor ASA (NYSE:EQNR) is one of the best affordable stocks under $30. Bank of America Securities maintained a bullish stance on Equinor ASA (NYSE:EQNR) on January 9, reiterating a Buy rating on the stock with a price target of NOK260.00. However, the same day, UBS reaffirmed a Sell rating on Equinor ASA (NYSE:EQNR) and set a price target of NOK205.00. Why Equinor ASA (EQNR) Is Gaining This Week? The rating updates came after Equinor ASA (NYSE:EQNR) announced on January 8 twelve new framework agreements ...

A federal judge will rule on whether Norwegian offshore wind developer Equinor can resume work on its New York Empire Wind project at a hearing on Thursday, according to a court communication. ...

Core Viewpoint - Equinor ASA (EQNR) indicates that its Empire Wind project may face "possible termination" if the federal offshore wind ban continues, citing tight construction windows and insufficient vessel availability during ongoing legal challenges [1] Group 1 - Equinor ASA expresses concerns over the potential termination of the Empire Wind project due to the ongoing federal offshore wind ban [1] - The company highlights that the legal challenges are impacting the project's timeline and operational feasibility [1] - Insufficient availability of vessels is also a critical factor affecting the project's progress [1]

Core Insights - Equinor ASA (EQNR) secured 35 new production licenses from the Ministry of Energy in the 2025 APA licensing round, enhancing its exploration and production capabilities in the North Sea, Norwegian Sea, and Barents Sea [1][6] - The company plans to operate 17 of the 35 licenses, with a distribution of 21 in the North Sea, 10 in the Norwegian Sea, and 4 in the Barents Sea [2][6] - Equinor aims to drill 20 to 30 exploration wells annually, focusing 80% on existing infrastructure and 20% on new concepts and frontier areas, to counteract the expected decline in oil and gas production from the Norwegian Continental Shelf (NCS) [2][3] - To maintain production levels, Equinor targets the addition of six to eight new subsea developments each year through 2035 [3] Industry Context - The upstream business of Equinor is facing pressure due to West Texas Intermediate crude prices hovering just above $60 per barrel [3] - Other major players in the integrated oil and gas sector, such as BP, Chevron, and Exxon Mobil, are also vulnerable to crude price volatility, with varying Zacks Ranks indicating their market positions [4][5]

Equinor has been awarded 35 new production licenses on the Norwegian continental shelf (NCS) as part of Norway’s 2026 Awards in Predefined Areas (APA) licensing round, the company said Tuesday. The licenses span the North Sea, Norwegian Sea, and Barents Sea, with Equinor named operator on 17 of them. The new acreage strengthens Equinor’s exploration pipeline at a time when Norway’s offshore sector is under pressure to offset natural production decline while maintaining stable energy supplies to Europe. T ...

Norway's Equinor aims to settle the technical plans this year for developing the Wisting undersea oil discovery in the Arctic after significantly reducing its costs, a senior company executive told Re... ...

Equinor ASA (NYSE:EQNR) on Tuesday said it secured fresh acreage in the latest licensing round on Norway's continental shelf.The company outlined access to new blocks across key offshore regions, World Oil reports.Equinor was awarded 35 new production licenses in the Awards in Predefined Areas round on the Norwegian continental shelf.The awards span the North Sea, the Norwegian Sea and the Barents Sea and position the company for future exploration and production activity.Exploration OpportunityOf the 35 li ...

Key Takeaways EQNR awards a NOK100B, five-year maintenance and modification contract for its assets starting in 1H26.EQNR states ageing NCS assets need upgrades to support production and energy supply to Europe by 2035.EQNR expects 4,000 man-years of work, with suppliers supporting long-term efficiency and production goals.Equinor ASA (EQNR) awarded a contract worth around NOK 100 billion ($9.9 billion) to seven supplier companies for maintenance and modification of its offshore installations and onshore pl ...

Group 1 - European energy stocks strengthened due to geopolitical risks driving up oil prices, with Shell and BP rising by 1.7% and 1.55% respectively [1] - TotalEnergies increased by 1.7%, Equinor rose by 2.3%, while Repsol had a smaller gain of 0.7%, and Galp Energia went up by 1.4% [1] - The benchmark crude oil closed with a gain of over 3% following President Trump's renewed warnings to Iran and progress on a bill for further sanctions on Russian oil [1] Group 2 - Citi analyst Alastair Syme indicated that the merger talks between Galp and Spain's Moeve signal positive value release for Iberian energy companies [1]

Core Viewpoint - Equinor has signed a contract worth approximately 100 billion Norwegian Krone (equivalent to 9.9 billion USD) to maintain its oil and gas production levels in Norway for at least the next decade, emphasizing the importance of the Norwegian continental shelf for European energy security [1]. Group 1: Contract and Production Goals - The contract with Aker Solutions ASA and Aibel AS includes maintenance, repair, and modification work for onshore and offshore facilities, with a duration of five years and the possibility of renewal [1]. - Equinor aims to maintain high production levels, targeting approximately 1.2 million barrels of oil equivalent per day by 2035, consistent with production levels over the past five years [2]. - The company plans to invest up to 70 billion Norwegian Krone annually, with plans to drill 250 exploration wells and 600 wells to enhance recovery rates [2]. Group 2: Market Strategy and Venezuela - Equinor has no intention of returning to the Venezuelan market, from which it exited years ago, citing a strategic reallocation of funds [3]. - The company previously invested billions in Venezuela but shifted its focus to core international regions where it can leverage its competitive advantages [4]. - Despite Equinor's stance, other Western companies may still be attracted back to Venezuela if the security situation and legal framework allow [4].