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 ...

OLE BERG-RUSTEN/AFP via Getty Images Equinor (NYSE: NYSE:EQNR) has had a consistent share price weakness over the past two years since reaching its peak. The company has an almost $80 billion market cap, and a strong dividend yield, as it continues to generate massive cash flow. As the company works to continue generating a double-digit dividend yield, it'll be a valuable long-term investment. Equinor 2035 Targets The company is targeting an aggressive growth plan as it attempts in both its current portfoli ...

Anton Petrus/Moment via Getty Images Much lower Natural Gas prices (NG1:COM) affected the top and bottom lines of integrated oil majors in 2023. Among those firms affected, Equinor ASA (NYSE:EQNR) of Norway had a major decline in earnings. I last wrote about EQNR here with a Hold rating. fnvz The Russian invasion of Ukraine caused a major realignment in Natural Gas sourcing in Europe in 2022, which resulted in a record year for EQNR. However, as detailed below, EQNR's 2023 earnings weren't exactly paltr ...

The shares in Equinor ASA ((OSE: EQNR, NYSE:EQNR) will as from today be traded excluding the third quarter 2023 cash dividend as detailed below. Ex-date: 14 February 2024 Ordinary cash dividend amount: 0.30 Extraordinary cash dividend amount: 0.60 Announced currency: USD This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act. ...

Equinor ASA (EQNR) reported fourth-quarter 2023 adjusted earnings per share of 64 cents, which missed the Zacks Consensus Estimate of $1.08. The bottom line also declined from the year-ago quarter’s $1.84.Total quarterly revenues declined to $29,054 million from $34,321 million in the prior-year quarter. However, the top line beat the Zacks Consensus Estimate of $27,351 million.Weak quarterly earnings can be attributed to lower prices of liquids and gas in Norway.Segmental AnalysisExploration & Production N ...

2024 Update This presentation contains forward-looking statements concerning, inter alia, Equinor's business, financial condition, future prospects and results of operations that are based on current estimates, forecasts, and projections about the industries in which Equinor operates and the current expectations and assumptions of Equinor's management. Forward-looking statements include all statements other than statements of historical facts, including, among others, statements regarding future financial o ...