Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has announced a significant step in its efforts to curb carbon emissions from the Norwegian Continental Shelf. Equinor aims to cut down approximately 160,000 tons of CO2 per year through the utilization of power from shore.A key aspect of this initiative is the partial electrification of assets on Utsira High, a strategic area for oil and gas production off the coast of Norway. Equinor has confirmed that installations, including the Sleipner field ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has inked a significant deal with homegrown ocean services provider DeepOcean, solidifying their partnership in subsea infrastructure and cable repair for both offshore oil & gas and renewable energy sectors.Under the agreement, Equinor and DeepOcean will engage in a comprehensive array of marine services, including subsea intervention and repair contingencies for pipelines, structures and high-voltage cables. The duration of this strategic allian ...

Equinor ASA (EQNR) , in partnership with Dutch utility company, Eneco, has announced its withdrawal from the ambitious 4-GW offshore wind tender in the Dutch North Sea.The decision marks a significant turn of events for the renewable energy sector in the Netherlands, particularly given the size and potential impacts of the project within the IJmuiden Ver wind farm zone.The tender, which opened its doors for bids in February and concluded on Mar 28, has been a focal point for the development of renewable ene ...

Sustainability and Climate Goals - Equinor's 2023 annual report indicates a commitment to achieving net zero by 2050, with a focus on diversifying its energy mix and leading in the energy transition [26]. - The company aims to allocate a significant portion of its gross capital expenditures to renewables and low-carbon solutions, reflecting its ambition to reduce operated emissions and net carbon intensity [26]. - Equinor is committed to advancing its carbon capture and storage (CCS) and hydrogen markets, aiming for a leadership position in Europe [26]. - The company acknowledges that achieving its climate ambitions depends on broader societal shifts and technological advancements beyond its control [30]. Financial Performance and Metrics - Equinor's return on average capital employed (ROACE) is a key financial metric, with expectations for future performance to be driven by both oil and gas and renewable energy portfolios [26]. - Equinor's financial performance is subject to significant risks, including oil price volatility and macroeconomic conditions, which could impact future earnings and cash flow [28]. Operational Efficiency and Growth Strategy - The company plans to maintain a top quartile unit production cost among peers, emphasizing operational efficiency and cost management [26]. - Equinor anticipates organic capital expenditures for 2024 to support its growth strategy, with a focus on enhancing production capacity and developing new technologies [26]. - The company emphasizes the importance of technological innovation and digitalization in achieving its strategic objectives and enhancing operational resilience [29]. Market Expansion and Consumer Trends - Equinor's plans for market expansion include investments in renewables and low-carbon solutions, aligning with shifting consumer demands and regulatory trends [30].

Equinor ASA ((OSE: EQNR, NYSE:EQNR) publishes 2023 Integrated annual report, combining financial and sustainability reporting. "In 2023 geopolitical tensions and challenging macroeconomics drove volatility in the energy markets, making access to affordable and sustainable energy less secure. Equinor continues to broaden our portfolio, to deliver the energy needed today, while developing the energy solutions for tomorrow," says Anders Opedal, President and CEO of Equinor ASA. The report for 2023 integrates t ...

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 ...