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Equities

Equinor Awards NOK17 Billion Deals for Drilling, Well Services on Norwegian Continental Shelf

Equinor (EQNR.OL) renewed major supplier contracts totaling 17 billion Norwegian kroner to support continued production on the Norwegian continental shelf.The agreements, awarded through corporate framework arrangements, cover drilling and well services as well as specialist services, the energy company said Monday.Baker Hughes Norge, Halliburton, and SLB Norge were awarded contracts for drilling and well services. These companies, along with 15 additional suppliers, also secured contracts for specialist services.The renewals form part of Equinor's strategy to sustain production at 1.2 million barrels of oil equivalent per day through 2035, with new wells expected to contribute about 70% of output by that time.

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Equities

Archer Wins NOK700 Million Agreement Extension from Equinor

Archer (ARCH.OL) extended its frame agreement with oil and gas giant Equinor (EQNR.OL) to provide TCP services, fishing, and downhole mechanical isolation services.The two-year extension is valued at 700 million Norwegian kroner, according to a Monday release from the Norwegian drilling and well services company.

$ARCH.OL$EQNR.OL
Equities

DNB Carnegie Boosts Equinor PT, Upgrades to Hold Rating

DNB Carnegie on Tuesday raised its price target for oil and gas company Equinor (EQNR.OL) to 350 Norwegian kroner from 250 kroner and upgraded its rating to hold from sell.(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)

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Equities

Equinor Extends Soiltech's Waste Management Contract

Soiltech (STECH.OL) secured an extension in its contract to provide offshore waste management services to oil and gas company Equinor (EQNR.OL), according to a Wednesday release.Equinor, which extended the contract until May 31, 2028, still has three two-year extension options under the deal.

$EQNR.OL$STECH.OL
Equities

Equinor Extends Archer's Wireline Services Contract

Archer (ARCH.OL) said Monday that oil and gas company Equinor (EQNR.OL) extended its wireline services contract on the Norwegian Continental Shelf with the company for three years.The Norwegian drilling and well services company noted the 3 billion-Norwegian-krone extension builds on the original contract signed between the companies in 2021.

$ARCH.OL$EQNR.OL
Research

Norne Securities Upgrades Equinor to Hold, Lifts PT

Norne Securities on Thursday upgraded oil and gas giant Equinor (EQNR.OL) to hold from sell and raised the price target to 390.00 Norwegian kroner from 380.00 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)

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Equities

RBC Adjusts Model for Equinor on Q1 Trading Update, Revised Commodity Price Estimates

RBC Capital Markets updated its model for Equinor (EQNR.OL) to reflect the Norwegian oil and gas company's trading update and the research firm's higher commodity price forecast."EQNR's trading update pointed to strong crude premiums in Norway, in line with recent data we have seen. Alongside this, the company guided to stronger midstream results across European and US gas, as well as oil trading," analysts said Wednesday. "We also update our estimates for RBC's latest commodity price deck, which drives upside to our estimates over 2026-30."As such, the research firm revised its first-quarter adjusted net income estimate to $2.64 billion from $2.68 billion. For full-year 2026 to 2028, adjusted net income forecasts were raised by 10.8%, 12.3%, and 21.2%, respectively, while EPS projections were lifted 11.8%, 13.4%, and 22.5%.The underperform-rated stock's price target of 380 Norwegian kroner was reiterated.

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Research

TD Cowen Initiates Equinor Coverage with Hold Rating

TD Cowen on Monday started coverage of Norwegian oil giant Equinor (EQNR.OL) with a hold rating and a price target of 356 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)

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Equities

Equinor Expects Q1 Adjusted Operating Income from Trading to Top Guidance

Equinor (EQNR.OL) said Thursday it expects its Marketing, Midstream and Processing division to beat its average quarterly adjusted operating income guidance of $400 million.The Norwegian oil and gas company, which is scheduled to report its first-quarter results on May 6, also noted "significant volatility" in crude, products and liquids during the first three months of the year due to the Middle East conflict but said geographic spreads supported gains in Europe.Across the pond, the company said its US gas trading business was "well positioned" from higher prices due to cold spells in late January.

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Research

Danske Bank Downgrades Equinor to Hold, Boosts PT

Danske Bank on Wednesday downgraded Norwegian oil and gas giant Equinor (EQNR.OL) to hold from buy and increased the price target to 385.00 Norwegian kroner from 285.00 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)

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Equities

Vår Energi, Equinor Submit Amended Plan for Development, Operation for Goliat Gas Export Project

Oil and gas group Vår Energi (VAR.OL) and peer Equinor (EQNR.OL) filed with Norway's Ministry of Petroleum and Energy an amended plan for development and operation for the Goliat gas export project, according to a Wednesday release.The project, which is set to add 10 years to the operational life of the Barents Sea's Goliat field to 2050, will tap into gas reserves currently being re-injected into the Goliat field reservoir. The gas will be exported to the Hammerfest LNG plant under a gas bank arrangement with Snøhvit, while incremental oil produced will be sold.The Goliat project aims to develop proved plus probable reserves of 112 million barrels of oil equivalent, and will start operations in the third quarter of 2029.Vår Energi holds operatorship and a 65% interest in the Goliat license, while Equinor owns the remaining 35%.

$EQNR.OL$VAR.OL
Equities

Equinor Sells 8.1% Scatec Stake for NOK1.6 Billion

Oil and gas giant Equinor (EQNR.OL) sold an 8.07% stake in renewable energy company Scatec (SCATC.OL) for 1.6 billion Norwegian kroner.The transaction comprised 12.9 million Scatec shares priced at 125 kroner apiece, according to two separate releases published on Tuesday.Following the transaction, Equinor now holds 8.05% shareholding in Scatec.

$EQNR.OL$SCATC.OL
Equities

Norwegian Energy Giant Equinor Plans to Halve Scatec Stake

Equinor (EQNR.OL) is considering selling an 8.1% stake in Scatec (SCATC.OL) through an accelerated bookbuild process, according to a Monday release.The Norwegian energy giant will sell the 12.9 million placing shares to eligible institutional and other professional investors, with pricing scheduled for Tuesday and settlement to follow a normal delivery-versus-payment basis.Norwegian solar power producer Scatec will not receive any net proceeds from the transaction. Equinor, meanwhile, will retain a shareholding of 12.9 million shares after the placing completes.

$EQNR.OL$SCATC.OL
Equities

Equinor Proposes Capital Reduction Via Share Cancellation, Redemption

Equinor's (EQNR.OL) board intends to propose the reduction of its share capital to 5.98 billion Norwegian kroner from 6.39 billion kroner at its annual general meeting.The proposal supports the Norwegian oil and gas giant's share buyback program and the redemption of shares held by the Norwegian government, according to a Monday release. Equinor will cancel and redeem 166,058,472 of its shares in total.The AGM is scheduled on May 12, according to the company's website.

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