Project Background and Milestones The project saw the installation of a new subsea template tied into the Kristin platform, now processing oil and gas from the first Lavrans well. The produced gas is exported through the pipeline system to the European market, while the oil is transferred by ship via the Asgard C storage vessel. Notably, the CO2 intensity of Kristin South Phase 1's extraction and production is remarkably low, at less than 1 kg of CO2 per barrel of oil equivalent. Emissions are primarily gen ...

The creditor deadline for the capital reduction has expired and the capital reduction was registered effective with the Norwegian Register of Business Enterprises today, 2 July 2024. Contact persons: Media relations: Sissel Rinde, vice president, +47 412 60 584 On 14 May 2024, the annual general meeting in Equinor ASA ((OSE: EQNR, NYSE:EQNR) decided that the company's share capital shall be reduced by NOK 525,808,437.50 from NOK 7,507,761,512.50 to NOK 6,981,953,075.00, through cancellation and redemption o ...

Nicholas Pantin, executive vice president of Archer Well Services, expressed satisfaction with the contract extension, emphasizing the importance of P&A services to Archer's strategy. He highlighted the company's commitment to delivering cost-effective, efficient and innovative P&A solutions for Equinor in the North Sea. Zacks Rank & Key Picks Archrock is an energy infrastructure company based in the United States, focusing on midstream natural gas compression. It provides natural gas contract compression s ...

Sunoco is a leading wholesale motor fuel distributor in the United States, boasting a vast distribution network spanning 40 states. With long-term contracts servicing more than 10,000 convenience stores, it distributes over Equinor ASA (EQNR) , the Norwegian energy giant, announced on Thursday that its highly anticipated exploration well in the North Argentine Basin came up dry. The well, Argerich-1, drilled in the North Argentine Basin, showed no evident sign of oil or natural gas. Expectations and Backgro ...

Equinor ASA (EQNR) has awarded Ocean Installer an engineering, procurement, construction and installation (EPCI) contract for subsea umbilicals, risers and flowlines (SURF) as part of the second stage of the Troll Phase 3 gas development project offshore Norway. The contract follows Equinor and its partners' decision to invest more than $1.13 billion (NOK 12 billion) to advance the gas infrastructure in the Troll West gas prospect. Equinor holds a 30.58% operating interest in the Troll gas field. In additio ...

The Heisenberg discovery is located close to several significant North Sea hubs and within tie-back range. The close proximity of the Heisenberg discovery to other discoveries where DNO Norge is involved, such as the Carmen discovery, facilitates its fast development. Archrock is an energy infrastructure company based in the United States, with a focus on midstream natural gas compression. It provides natural gas contract compression services and generates stable fee-based revenues. In March 2024, Equinor a ...

The Zacks Consensus Estimate for AROC's 2024 EPS is pegged at $1.07. The company has a Zacks Style Score of A for Growth. It has witnessed upward earnings estimate revisions for 2024 and 2025 in the past 60 SM Energy is set to expand its oil-centered operations in the coming years, with an increasing focus on crude oil, especially in the Permian Basin and Eagle Ford regions. The company's attractive oil and gas investments should create long-term value for shareholders. The newly named CO2 Storage Kalundbor ...

Equinor ASA (EQNR) , the leading Norwegian energy company, and Oceanex Energy have received a license from the Australian government to evaluate the feasibility of constructing a wind farm off the country's east coast. The government granted the license in a bid to expand its portfolio of clean energy initiatives. Australia is poised to become a significant market for offshore wind farms following the establishment of a legal framework for offshore wind development in November 2021. Offshore wind farms are ...

Equinor ASA (EQNR) initiated test production at its third solar plant in Poland, named Lipno, significantly enhancing its onshore renewable energy capacity in the country to 200 megawatts (MW). The 53-MW Lipno solar plant, situated in the Wielkopolskie province in central Poland, was developed and will be managed by Wento, a wholly-owned subsidiary of Equinor. The combined annual production from Wento's portfolio is estimated to be 280 GWh, which is sufficient to power about 140,000 Polish households. Equin ...

Equinor ASA (EQNR) , the Norwegian state-owned energy giant, has signed a significant five-year contract with Vallourec, a global leader in premium seamless tubular solutions, in Brazil. This agreement includes the turnkey supply of premium tubes, connections, accessories and comprehensive services, reinforcing Vallourec's long-standing relationship with Equinor, one of Brazil's largest oil producers. Vallourec's high-performance, low-carbon oil country tubular goods (OCTG) solutions are set to play a pivot ...