FINWIRES · TerminalLIVE
FINWIRES

$EQNR.OL

34 stories mentioning EQNR.OL

Every FINWIRES story that references EQNR.OL, newest first.

Equities

Equinor Advances North Sea Oilfield Development Following New Oil Discoveries

Equinor (EQNR.OL) is advancing plans for phase 4 of the Johan Sverdrup oilfield in the North Sea, following recent appraisal drilling that confirmed additional oil resources in the Tonjer and Geitungen areas.The Norwegian energy company and its partners plan to develop the new volumes through a subsea development tied back to existing infrastructure on Johan Sverdrup. Preliminary estimates for Tonjer and Geitungen are between 20 and 30 million barrels of oil equivalent, according to a Monday release.The project is being matured toward an investment decision, with production expected to potentially start in 2029.Equinor holds a 42.62% stake in Johan Sverdrup, Aker BP (AKRBP.OL) owns 31.57%, Petoro holds 17.36%, and TotalEnergies (TTE.PA, TTE.L) has 8.44%.

$AKRBP.OL$EQNR.OL$TTE.L$TTE.PA
Equities

Equinor Unit to Sell 50% Stake in Itaimbezinho Block to Petrobras

Equinor's (EQNR.OL) Equinor Brasil Energia agreed to sell a 50% stake in the Itaimbezinho block in the offshore area of the Campos Basin to Petróleo Brasileiro - Petrobras (PJXB.F), according to a Wednesday release.Upon deal closing, the consortium for the Itaimbezinho block will comprise the Norwegian energy company, the operator with a 50% stake, and Petrobras, which holds the remaining 50%.

$EQNR.OL$PJXB.F
Equities

Equinor Elects New Chair

Equinor (EQNR.OL) elected Jarle Roth as its new chair during its corporate assembly held on Monday, according to a same-day release.Roth will succeed Jon Erik Reinhardsen, who decided to resign. The Norwegian energy company also reelected Anne Drinkwater as deputy chair.

$EQNR.OL
Equities

Aker BP Boosts Stake in Johan Sverdrup Oil Field After Redetermination Process

Aker BP (AKRBP.OL) said Monday its ownership interest in the Johan Sverdrup oil field increased to 31.7163% from 31.5733% following the completion of a redetermination process under the unit agreement.The redetermination process, launched in January 2025, led to revised ownership interests of partners based on updated technical and production data.As a result, the exploration and production company expects to receive an additional 2.2 million barrels of oil equivalent over the next two years from the reallocation of historic production volumes. It will pay 300 million Norwegian kroner before tax.Johan Sverdrup, operated by Equinor (EQNR.OL), is one of the largest producing oil fields on the Norwegian continental shelf.

$AKRBP.OL$EQNR.OL
Equities

Moreld Unit Wins Well Tie-in Contract for Equinor's Bacalhau Project

Moreld's (MORLD.OL) subsidiary Ocean Installer secured a four-and-a-half-year contract for the well tie-in scope of Equinor's (EQNR.OL) Bacalhau project in the Santos Basin.The contract, expected to be valued between 500 million Norwegian kroner and 1 billion kroner, covers the installation of rigid well jumpers between flowlines and subsea trees, flying leads installation, and related pre-commissioning activities, according to a Wednesday release.The industrial multi-disciplinary engineering group has planned the first offshore campaign for 2027.

$EQNR.OL$MORLD.OL
Equities

Equinor Board Chair to Exit, Successor Named

Equinor (EQNR.OL) Board Chair Jon Erik Reinhardsen will resign from the role, according to a Monday release.The Norwegian energy company's nomination committee elected board member Jarle Roth as Reinhardsen's successor. The committee also recommended the reelection of Deputy Chair Anne Drinkwater.The executive changes will be put forward at its corporate assembly meeting on June 8, which will go into effect on July 1.

$EQNR.OL
Equities

Equinor Plans to Expand Resource Base at Johan Castberg Field in Norway

Equinor (EQNR.OL) aims to increase the resource base at the Johan Castberg field in the Barents Sea, Norway, by an additional 200 million barrels of oil to 500 million barrels of oil through continued exploration and development activities.The Norwegian energy company noted that the resource base for Johan Castberg was originally estimated at between 500 million barrels of oil and 700 million barrels of oil, according to a Thursday release.Meanwhile, the company has already started the development work at Isflak, which is the first subsea field to be tied back to Johan Castberg. The company also made the Polynya and Drivis Tubåen discoveries in the area, with Drivis Tubåen to be tied into existing infrastructure at Johan Castberg as an investment decision for it has already been made.

$EQNR.OL
Equities

Aker BP, Equinor Swap Norwegian Shelf Assets to Support Joint Developments

Norwegian energy companies Aker BP (AKRBP.OL) and Equinor (EQNR.OL) agreed to swap assets on the Norwegian Continental Shelf to support coordinated development and improve resource recovery, according to Thursday filings.Under the deal, Aker BP will acquire from Equinor a 19% stake in a portfolio of licenses in the Ringvei Vest area and a 38.16% interest in the UK license P2343 in the Yggdrasil area. Ringvei Vest is expected to be a cluster development operated by Equinor, while Yggdrasil will require a coordinated cross-border development.In return, Aker BP will transfer a 7.5% interest in the Wisting discovery, PL 537 and PL 537B, in the Barents Sea to Equinor, along with a cash consideration of $23 million. Aker BP will retain a 27.5% interest in the undeveloped oil discovery, which is operated by Equinor. A final investment decision is expected in 2027.The transactions, which require regulatory approvals, will take effect from Jan. 1.

$AKRBP.OL$EQNR.OL
Equities

Equinor Lands Five-Year Deal with Eneco for Natural Gas Supply to Germany

Equinor (EQNR.OL) signed a five-year agreement with Dutch energy company Eneco to supply natural gas to its German subsidiary LichtBlick.Gas deliveries began in April 2026 and will continue until the end of 2030, covering annual volumes of 2.2 terawatt‑hours, according to a Tuesday release.The Norwegian energy company will supply gas from the Norwegian continental shelf with 9% lower greenhouse gas intensity than alternative sources.

$EQNR.OL
Equities

Morningstar Upgrades Equinor to Hold Rating

Morningstar on Wednesday upgraded oil and gas giant Equinor (EQNR.OL) to hold from sell, while maintaining its price target at 311 Norwegian kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EQNR.OL
Equities

Update: Market Chatter: Equinor Explores European Consumers' Appetite for Costlier Energy

Equinor (EQNR.OL) is assessing whether Germany and other major European consumers are prepared to commit long-term to support investments in higher-cost oil and gas projects, Bloomberg News reported Wednesday, citing unnamed sources.The Norwegian energy company, which expects production from its North Sea fields to decline over the next 10 years, may increasingly look toward Arctic drilling projects to maintain output, the report said.Equinor said it had no comment when reached by.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$EQNR.OL
Equities

Market Chatter: Equinor Explores European Consumers' Appetite for Costlier Energy

Equinor (EQNR.OL) is assessing whether Germany and other major European consumers are prepared to commit long-term to support investments in higher-cost oil and gas projects, Bloomberg News reported Wednesday, citing unnamed sources.The Norwegian energy company, which expects production from its North Sea fields to decline over the next 10 years, may increasingly look toward Arctic drilling projects to maintain output, the report said.Equinor did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$EQNR.OL
Equities

Arctic Securities Upgrades Equinor to Buy, Raises PT

Arctic Securities on Monday upgraded oil and gas giant Equinor (EQNR.OL) to buy from hold and increased its price target to 380 Norwegian kroner from 350 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EQNR.OL
Equities

Grupo Santander Upgrades Equinor to Outperform, Lifts PT

Grupo Santander on Monday upgraded oil and gas giant Equinor (EQNR.OL) to outperform from neutral and raised the price target to 415 Norwegian kroner from 410 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$EQNR.OL
Equities

RBC Tweaks Price Target, Estimates for Equinor After 'Strong' Q1 Results

RBC Capital Markets adjusted its earnings forecasts and price target for Equinor (EQNR.OL) following the Norwegian energy company's "strong" trading results in the first three months of the year.Analysts on Wednesday revised estimates to reflect the first-quarter performance and the latest outlook, with RBC's production growth forecast of 5% above management's 3% guidance. The research firm added that its model now incorporates "cash tax smoothing," anticipating Equinor would use the "enormous" pre-tax tailwind to settle additional taxes in the second half of 2026.Against this backdrop, RBC lowered its price target to 360 Norwegian kroner from 380 kroner, and reiterated its underperform rating, noting the company's shares suggest a "more optimistic" macroeconomic scenario compared with other companies in the industry."A robust quarter, but unfortunately reporting on the wrong day. Equinor's share price reaction today was more driven by de-escalation headlines than anything in the release, with the company reporting record production and a beat across multiple divisions. We continue to see question marks over Equinor's 10% holding in Ørsted [ORSTED.CO], with the company recently deciding not to nominate a board member. We expect clarity with the upcoming [capital markets day] in June. While this remains a relatively small part of the overall investment case, it speaks to the broader capital allocation strategy and its plans for offshore wind," the note said. The Oslo-listed stock was down over 8% at Wednesday's close.

$EQNR.OL$ORSTED.CO
US Markets

Record Output, High Prices Drive Equinor Profit Beat in First Quarter

Equinor (EQNR.OL) reported better-than-expected first-quarter earnings on Monday, driven by record oil production and strong trading as tensions in the Middle East continue.With high energy prices and total equity production climbing 9% to a record of 2.3 million barrels of oil equivalent per day, net income attributable to equity holders increased year over year in the three months ended March 31 to $3.11 billion from $2.63 billion. Adjusted operating income jumped 13% annually to $9.77 billion, beating the company-compiled consensus of $9 billion and the RBC Capital Markets estimate of $8.96 billion."The key drivers of the beat were stronger results in Norway, the US and [Marketing, Midstream & Processing] divisions than the market anticipated," RBC said. "We had expected a strong MMP result, and Equinor did come in ahead of consensus. On top of this, one of the big surprises was the strong US gas realizations in the quarter ($4.69/[metric million British thermal unit] vs $2.84/mmbtu last quarter), which sit on top of the strong result from US gas trading."At the same time, total revenue and other income declined annually to $27.84 billion from $29.92 billion. Net operating income slipped 1% to $8.78 billion due to negative derivative effects, lower European gas prices, and reduced third-party volumes.The board declared a cash dividend of $0.39 per share for the quarter, higher than $0.37 per share in the year-ago period.Management also confirmed its 2026 guidance for a 3% yearly increase in oil and gas production and maximum share buybacks of $1.5 billion, with up to $375 million of shares to be repurchased in a second tranche, subject to approval at the annual general meeting on May 12.

$EQNR.OL
Equities

Equinor to Launch Second Tranche of $1.5 Billion Share Repurchase Program

Equinor (EQNR.OL) said Wednesday that it will launch the second tranche of its share buyback worth up to $1.5 billion after its annual general meeting on May 12.The Norwegian energy company enlisted an undisclosed third party to repurchase up to $375 million, of which $123.8 million will be bought back in the market. The program will run until July 20.Repurchased shares will be canceled via a capital decrease at the annual general meeting in May 2027.

$EQNR.OL
Equities

Equinor Posts Higher Q1 Attributable Net Income; Total Revenue, Other Income Decline

Equinor (EQNR.OL) said Wednesday its attributable net income in the first quarter increased, while revenue declined year over year.Net income attributable to equity holders for the three months ended March 31 was $3.11 billion, compared with $2.63 billion earlier. EPS moved to $1.24 from $0.96.The Norwegian energy company's total revenue and other income were $27.84 billion, compared with $29.92 billion a year ago.Meanwhile, the board declared a cash dividend of $0.39 per share for the quarter, payable Aug. 27. It paid $0.37 per share in the year-ago period.

$EQNR.OL
Equities

Equinor Initiates Production at Eirin Subsea Facility in North Sea

Equinor (EQNR.OL) commenced production at the Eirin subsea facility in the North Sea, with expected recoverable resources of 27.6 million barrels of oil equivalent, mainly gas.The 4.5 billion Norwegian-krone project also started exporting gas to Europe through the Gina Krog and Sleipner A platforms, and is projected to extend Gina Krog's economic life by seven years to 2036, the oil and gas company said Tuesday.Equinor operates the Eirin discovery, which was reassessed in 2023, with a 58.7% interest. Orlen's (PKN.WA) Orlen Upstream Norway owns the remaining 41.3% stake.

$EQNR.OL$PKN.WA
Equities

Aker Solutions Bags FEED Contract for Equinor North Sea Project

Aker Solutions (AKSO.OL) secured a contract to provide front-end engineering and design, or FEED, services for oil and gas company Equinor's (EQNR.OL) Kvitebjørn platform in the North Sea, according to a Tuesday release.Under the deal, the energy-focused engineering group will prepare the topside facilities on the Kvitebjørn platform to support production from the nearby Atlantis field, using existing infrastructure. The contract includes an option for engineering, procurement, construction, installation, and commissioning assistance, or EPCIc.Aker Solutions said the FEED project will commence immediately, with the EPCIc option to be exercised at the start of 2027.

$AKSO.OL$EQNR.OL

Showing 1-20 of 34