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Equinor ASA

Equinor ASA

$EQNR
NYSEEnergy

229 stories mentioning Equinor ASAUpdated 2d ago

The Norwegian energy major traded among European ADRs amid sector swings as oil prices moved on US-Iran ceasefire developments.

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Commodities

UK Reportedly Close to Approving Jackdaw Field; Rosebank Decision to Come Later

The UK government is expected to grant approval to the Jackdaw gas field in the North Sea this month, and may greenlight the Rosebank oil field later this year, media outlets reported Friday, citing sources.Energy Secretary Miatta Fahnbulleh is set to give her go-ahead to the Jackdaw field in Aberdeen as soon as next week, while a formal approval could follow a week later, The Guardian reported.The gas field could start production as early as this winter if the approval is given as expected, the Financial Times said, although this could be opposed by climate and environmental groups.The Rosebank project, which is still under environmental assessment, may also gather opposition if approved. A decision on the UK's largest undeveloped oil field is likely to be given later this year, sources told The Guardian.Environmental campaigners cited by the news agency said operating the fields could produce as much as 336 billion British pounds ($453.94 billion) in carbon pollution damages.Adura, a joint venture between Shell (SHEL) and Equinor (EQNR), is the developer of the Jackdaw and Rosebank fields. It received development consent for the projects in 2022 and 2023, respectively, but had to reapply for authorization following a 2025 court ruling favoring climate activists.The UK's energy department did not immediately respond to' request for comment.Price: $92.54, Change: $+0.21, Percent Change: +0.23%

$EQNR$SHEL
Commodities

Equinor Subsidiary Starts Up 100-MW/200-MWh Battery Storage Facility in Texas

East Point Energy, wholly owned by Norway's Equinor (EQNR) has now started up its completed Citrus Flatts 100-megawatt/200-MWh battery energy storage unit in Harlingen, Texas, the parent company said on Thursday.This project marks the fifth battery energy storage facility that Equinor has brought into commercial production in four years and it is the second for East Point after completing a much smaller 10 MW/20 MWh project last year.Equinor said the projects advance its objective of gaining a "competitive, scalable" presence in onshore power, while progressing East Point's profile from that of developer to independent power producer.The projects, which will store excess power on the grid and release it during peak demand hours, will operate within the Texas ERCOT power market on a "fully merchant basis".The statement said Texas generates more wind power than any other US state and is becoming one of the world's biggest solar markets, enabling it to maximize benefits from storage of power.Equinor said it is separately adding a total of 80 MW/160 MWh of Bess in Virginia's PJM grid across four separate projects, with their operation to begin from early 2027.

$EQNR
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Thursday afternoon, with the NYSE Energy Sector Index decreasing 0.4% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.5%.The Philadelphia Oil Service Sector Index was falling 1.8%, and the Dow Jones US Utilities Index added 0.9%.In geopolitical news, the US and Iran have intensified tit-for-tat military strikes in recent days, remaining locked between ceasefire and all-out war as the White House struggles to end the six-month conflict, Bloomberg reported. Iran said it attacked bases in Kuwait and the United Arab Emirates "in response to America's crimes against the Iranian people," Al Jazeera, a Middle Eastern broadcaster, reported.Front-month West Texas Intermediate crude oil rose 0.7% to $91.62 a barrel, and the global benchmark Brent crude contract increased 0.1% to $95.71 a barrel. Henry Hub natural gas futures shed 1.3% to $2.92 per 1 million BTU.US natural gas stocks rose by 30 billion cubic feet in the week ended Aug. 28, smaller than the 31 billion gain expected in a survey compiled by Bloomberg and following an increase of 15 billion cubic feet in the previous week.In corporate news, BP (BP) on Thursday sent a letter to the union representing workers at its refinery in Whiting, Indiana, stating that it is willing to re-start negotiations, or work through a federal mediator, to end a BP lock-out that began on March 19. Separately, BP has drawn interest from UK energy firm EnQuest regarding a potential purchase of its UK North Sea oil and gas operations, CNBC reported, citing an interview with EnQuest CEO Amjad Bseisu. BP shares were down 0.7%.Diversified Energy (DEC) has agreed to buy Birch Permian and affiliates for a gross purchase price of about $1.8 billion, the company said. Diversified Energy shares gained 2.3%.Equinor's (EQNR) East Point Energy unit has begun operations at Citrus Flatts, its largest energy storage project in the US, a key step toward building scalable operations in the onshore power industry. Equinor shares were down 2%.GeoPark (GPRK) said it has made a strategic entry into Venezuela via the acquisition of the Bare Block, a large producing asset in the Orinoco heavy-oil belt. GeoPark shares rose 1.1%.

$BP$DEC$EQNR$GPRK
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Higher in Thursday Trading

European equities traded in the US as American depositary receipts were edging higher late Thursday morning, rising 0.29% to 1,969.29 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and biopharmaceutical company Cellectis (CLLS), which rose 6.2% and 6% respectively. They were followed by software firm SAP (SAP) and biotech firm Evaxion (EVAX), which were up 3.6% and 1.3% respectively.The decliners from continental Europe were led by healthcare tech company Royal Philips (PHG) and telecommunications company Nokia (NOK), which fell 2.5% and 2.2% respectively. They were followed by petroleum refiner Equinor (EQNR) and consumer goods company Unilever (UL), which were down 1.2% and 0.5% respectively.The gainers from the UK were led by communications company WPP (WPP) and telecommunications operator Vodafone Group (VOD), which climbed 7.1% and 3.4% respectively. They were followed by software firm Endava (DAVA), which advanced 2.9%.The decliners from the UK and Ireland were led by biopharmaceutical company NuCana (NCNA) and alcoholic beverage company Diageo (DEO), which lost 2% and 1.4% respectively. They were followed by mining company BHP Group (BHP), which decreased 0.7%.

$BHP$CLLS$DAVA$DEO$EQNR$EVAX$NCNA$NOK$PHG$SAP$TRVG$UL$VOD$WPP
Equities

Equinor Subsidiary Kicks Off Operations at Largest Energy Storage Project in US

Equinor's (EQNR) East Point Energy unit has begun operations at Citrus Flatts, its largest energy storage project in the US, a key step toward building scalable operations in the onshore power industry.Citrus Flatts brings the tally to five battery storage facilities in commercial production in four years, the company said Thursday.The move marks East Point's progression from developer to independent power producer, in line with Equinor's strategy to capture value across the value chain, the company said.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Track Higher in Wednesday Trading

European equities traded in the US as American depositary receipts were trending higher late Wednesday morning, rising 0.50% to 1,960.43 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech firm Evaxion (EVAX) and semiconductor company Sequans Communications (SQNS), which rose 4% and 3.6% respectively. They were followed by pharmaceutical company Novo Nordisk (NVO) and lender ING Group (ING), which were up 3.5% and 2.9% respectively.The decliners from continental Europe were led by internet browser company Opera (OPRA) and petroleum refiner Equinor (EQNR), which dropped 2.3% and 1.5% respectively. They were followed by telecommunications companies Nokia (NOK) and Ericsson (ERIC), which lost 0.8% and 0.7% respectively.The gainers from the UK were led by hospitality company InterContinental Hotels Group (IHG) and biopharmaceutical company Bicycle Therapeutics (BCYC), which advanced 4.1% and 3.1% respectively. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and mining company BHP Group (BHP), which increased 1.5% and 1.4% respectively.The decliners from the UK and Ireland were led by educational publisher Pearson (PSO) and biotech firm Trinity Biotech (TRIB), which fell 2.8% and 2.5% respectively. They were followed by communications company WPP (WPP) and biopharmaceutical company Mereo BioPharma Group (MREO), which were down 2.4% and 2.3% respectively.

$BCYC$BDRX$BHP$EQNR$ERIC$EVAX$IHG$ING$MREO$NOK$NVO$OPRA$PSO$SQNS$TRIB$WPP
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Higher in Tuesday Trading

European equities traded in the US as American depositary receipts were trending slightly higher late Tuesday morning, edging 0.05% to 1,953.79 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by accommodations booking site trivago (TRVG) and petroleum refiner Equinor (EQNR), which rose 5.6% and 1.8%, respectively. They were followed by biopharmaceutical company Grifols (GRFS) and consumer goods company Unilever (UL), which were up 1% and 0.9%, respectively.The decliners from continental Europe were led by biopharmaceutical company DBV Technologies (DBVT) and telecommunications company Nokia (NOK), which fell 4% and 3.3% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and software firm SAP (SAP), which were down 2.1% and 1.9% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and oil and gas company BP (BP), which advanced 5.4% and 2.4% respectively. They were followed by biopharmaceutical company Amarin (AMRN) and tobacco company British American Tobacco (BTI), which increased 2.3% and 2% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company NuCana (NCNA), which dropped 2.1% each. They were followed by biopharmaceutical company Biodexa Pharmaceuticals (BDRX) and communications company WPP (WPP), which lost 2% and 1.9% respectively.

$AMRN$BDRX$BP$BTI$DBVT$EQNR$GRFS$MREO$NCNA$NOK$SAP$SQNS$TRIB$TRVG$UL$WPP
Wire

Update: Standard Lithium, Equinor JV Signs 10-Year Lithium Offtake Deal With LG Energy Solution; Shares Rise

(Updates to add share movement in the headline and the first paragraph.)Standard Lithium (SLI) shares rise 4.5% in Monday trading after it said its joint venture with Equinor, Smackover Lithium, signed a 10-year binding take-or-pay offtake agreement with LG Energy Solution for 8,000 metric tonnes of battery-quality lithium carbonate annually from the South West Arkansas Project.The deal brings about 90% of the project's targeted offtake volume under contract, alongside an existing Trafigura agreement, it said.The project's initial phase targets annual production of 22,500 metric tonnes of lithium carbonate, it added.Standard Lithium said the agreement supports financing plans and a Final Investment Decision targeted for 2026, with commercial production expected in 2029.Price: $2.67, Change: $+0.12, Percent Change: +4.51%

$EQNR$SLI
Asia Markets

European Equities Traded in the US as American Depositary Receipts Edge Lower in Monday Trading

European equities traded in the US as American depositary receipts opened the week slightly lower late Monday morning, declining 0.12% to 1,952.52 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by pharmaceutical company Ascendis Pharma (ASND) and 3D printer company Materialise (MTLS), which rose 6.6% and 2.8%, respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 2.7% and 2.6%, respectively.The decliners from continental Europe were led by internet browser company Opera (OPRA) and biotech firm Evaxion (EVAX), which fell 1.9% and 1.7% respectively. They were followed by telecommunications company Nokia (NOK) and accommodations booking site trivago (TRVG), which were down 1.3% and 1.2% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and software firm Endava (DAVA), which advanced 14% and 1.9% respectively. They were followed by oil and gas companies BP (BP) and Shell (SHEL), which increased 1.3% and 0.9% respectively.The decliners from the UK and Ireland were led by biopharmaceutical companies NuCana (NCNA) and Biodexa Pharmaceuticals (BDRX), which dropped 16% and 5.9% respectively. They were followed by biopharmaceutical company Akari Therapeutics (AKTX) and pharmaceutical company Silence Therapeutics (SLN), which increased 3.7% and 2.3% respectively.

$AKTX$ASND$BDRX$BP$DAVA$E$EQNR$EVAX$MREO$MTLS$NCNA$NOK$OPRA$SHEL$SLN$TRVG
Commodities

Equinor Expects Equity Production Outside Norway to Grow to 950,000 BOE/D by 2030

Norwegian energy major Equinor (EQNR) is on course to increase equity production outside Norway to 950,000 barrels of oil equivalent per day by 2030 and generate $20 billion of free cash flow from 2026 to 2030, Executive Vice President Philippe Mathieu said on Tuesday.In Q2, the company reported equity production outside Norway of 750,000 boe/d, a growth of over 10% in two years, despite exiting legacy investments with high-quality assets in Azerbaijan and Nigeria, the company said in a statement.During the quarter, the US accounted for equity production of 433,000 boe/d, about 100,000 boe/d more than in Q2 2024.Addressing an Offshore Northern Seas media briefing in Stavanger on Tuesday, Mathieu said the US was Equinor's largest production market outside Norway, with the company having grown its onshore natural gas position in the country.Equinor recently disclosed power investments in the US and also supports operator Shell (SHEL) in the Sparta offshore project, which is expected to start production in 2028. Equinor owns a 49% interest in the project, Mathieu said.For future growth, he highlighted the Bay du Nord project in Canada and said the company was also pursuing exploration opportunities in Brazil and Angola, with several drilling prospects expected to be tested over the next few years.In June, the company along with operator Azule Energy approved the Greater Palas, Astrea and Juno project in Angola, which is expected to start production in 2029 and unlock around 250 million barrels of resources.Meanwhile, Brazil is expected to be a key driver of Equinor's international growth toward 2030, with equity production nearing 200,000 boe/d, supported by the ramp-up of the Bacalhau field and the Raia project, which is on track for 2028 start-up. Once operational, Raia could supply about 15% of Brazil's total projected gas demand, the statement said.Last week, Equinor entered a Chevron (CVX)-operated exploration license in Namibia with a drill-ready prospect targeted for testing by year-end. It is also evaluating opportunities in Argentina and the US. "We are gradually stepping up our exploration activity to support a focused strengthening and replenishment of our international portfolio," Mathieu said.The energy supply crisis due to the ongoing Middle East conflict is making it easier for the company to consider the development of a long-stalled liquefied natural gas export plant in Tanzania, Reuters reported Tuesday, citing Mathieu.Tanzania's huge gas deposit, discovered over a decade ago, would require around $42 billion in investment as per the country's estimates. However, years of negotiations between Equinor and Tanzania over investment terms have repeatedly stalled progress, the report said.In a separate statement on Tuesday, Equinor said additional gas is being supplied to the Troll A platform in the North Sea, with the Troll Phase 3 stage 2 subsea project commencing production from Aug. 22. The project is expected to speed up an output of about 55 billion standard cubic metres of gas from the Troll West reservoir, equivalent to almost two years of France's gas demand.The Phase 3 Step 2 project was initially expected to start by year-end at an estimated cost of 12.3 billion Norwegian kroner ($1.32 billion).The Troll partnership consists of operator Equinor with a 30.55% interest, Petoro at 55.93%, Shell (SHEL) unit Norske Shell at 8.19%, TotalEnergies' (TTE) TotalEnergies EP Norge at 3.69%, and ConocoPhillips (COP) unit ConocoPhillips Skandinavia at 1.64%, the statement said.The Troll gas field holds about 40% of the Norwegian continental shelf's gas reserves and supplies around 10% of Europe's gas demand, with annual energy production equivalent to three times Norway's hydropower output, the statement said.

$COP$CVX$EQNR$SHEL$TTE
Sectors

Sector Update: Energy Stocks Fall Tuesday Afternoon

Energy stocks fell Tuesday afternoon, with the NYSE Energy Sector Index down 1% and the State Street Energy Select Sector SPDR ETF (XLE) shedding 0.9%.The Philadelphia Oil Service Sector Index was down 0.4%, and the Dow Jones US Utilities Index added 0.4%.In geopolitical news, Iran pledged to fight back against expanded US sanctions aimed at isolating its economy, expressing confidence that major trading partners would resist the pressure campaign and saying that Washington was keen to revive talks, Reuters reported. Hours after the US sanctioned dozens of Chinese entities and threatened to target an unspecified "major financial institution" for its dealings with Tehran, Beijing responded by saying its relationship with Iran "should not be disrupted or undermined," Bloomberg reported. China will take "all necessary measures" to safeguard its interests, Foreign Ministry spokesperson Lin Jian was cited as saying.Front-month West Texas Intermediate crude oil fell 3.2% to $82.32 a barrel, and the global benchmark Brent crude contract dropped 4% to $88.49 a barrel. Henry Hub natural gas futures shed 0.7% to $2.76 per 1 million BTU.In corporate news, Shell (SHEL) shares were down 0.6%. The company put its Aphrodite offshore gas project in Trinidad and Tobago on hold following commercial disagreements with the country's National Gas Co., Reuters reported.Equinor (EQNR) plans to boost production outside Norway to 950,000 barrels of oil equivalent per day (boepd) by 2030, while generating $20 billion of free cash flow from 2026 to 2030, said the oil giant's Executive Vice President Philippe Mathieu on Tuesday. Equinor's production outside Norway was 750,000 boepd in Q2, up more than 10% in two years, despite exits from positions in Azerbaijan and Nigeria. Separately, Equinor sees its long-delayed Tanzania liquefied natural gas project as more attractive amid disruptions to energy flows through the Strait of Hormuz, Reuters reported Tuesday, citing the company. The $42 billion project could provide Asian customers with an alternative source of natural gas that is less exposed to Middle East geopolitical risks, the report said. Equinor shares were shedding 2.3%.Energy Transfer (ET) was Smart Insider's stock pick of the week after Chair Kelcy Warren and Director James Perry bought company shares. Energy Transfer shares were fractionally lower.

$EQNR$ET$SHEL
Asia Markets

European Equities Traded in the US as American Depositary Receipts Rise Slightly in Tuesday Trading

European equities traded in the US as American depositary receipts were marginally higher late Tuesday morning, rising 0.1% to 1,982.02 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotechnology companies Cellectis (CLLS) and DBV Technologies (DBVT), which advanced 6% and 5% respectively. They were followed by medical device maker EDAP TMS (FOCL) and accommodations booking site trivago (TRVG), which increased 3.8% and 1% respectively.The decliners from continental Europe were led by lender Banco Bilbao Vizcaya Argentaria (BBVA) and oil and gas company Eni (E), which fell 1.8% and 1.7% respectively. They were followed by oil and gas company Equinor (EQNR) and consumer goods company Unilever (UL), which were down 1.5% and 0.7% respectively.The gainers from the UK were led by biopharmaceutical companies Biodexa Pharmaceuticals (BDRX) and Akari Therapeutics (AKTX), which climbed 14.2% and 7.2% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and software firm Endava (DAVA), which were up 4.9% and 1.3% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and alcoholic beverage company Diageo (DEO), which dropped 5.7% and 1.6% respectively. They were followed by communications group WPP (WPP) and medical device maker Smith & Nephew (SNN), which lost 1.4% and 1.2% respectively.

$AKTX$BBVA$BDRX$CLLS$DAVA$DBVT$DEO$E$EQNR$FOCL$SLN$SNN$TRIB$TRVG$UL$WPP
Sectors

Sector Update: Energy Stocks Fall Premarket Tuesday

Energy stocks were falling premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) down 1.4%.The United States Oil Fund (USO) was down 3.3% and the United States Natural Gas Fund (UNG) was 2.2% lower.Front-month US West Texas Intermediate crude oil was 3.3% lower at $82.18 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 3.2% to reach $89.19 per barrel, and natural gas futures were down 2.8% at $2.70 per 1 million British Thermal Units.Equinor (EQNR) plans to boost production outside Norway to 950,000 barrels of oil equivalent per day by 2030, while generating $20 billion of free cash flow from 2026 to 2030, the company's Executive Vice President Philippe Mathieu said. Shares of Equinor were down more than 1% pre-bell.Woodside Energy (WDS) stock was down more than 2% even after the company posted higher H1 earnings and revenue.Halliburton (HAL) won a contract from BP (BP) to support appraisal work at the Bumerangue field offshore Brazil, the company said. Halliburton shares were down more than 1% premarket.

$BP$EQNR$HAL$UNG$USO$WDS$XLE
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Tuesday as Chip Stocks Recover

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.5%, and the actively traded Invesco QQQ Trust (QQQ) was 1% higher in Tuesday's premarket activity as chip stocks recovered from Monday's losses.US stock futures were also higher, with S&P 500 Index futures up 0.5%, Dow Jones Industrial Average futures advancing 0.5%, and Nasdaq futures gaining 1% before the start of regular trading.In premarket activity, bitcoin was up by 0.4%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% higher, Ether ETF (EETH) advanced 0.2%, and Bitcoin & Ether Market Cap Weight ETF (BETH) increased 2.4%.The Philadelphia Federal Reserve Bank's monthly nonmanufacturing activity index fell to negative 10.6 in August from 7.4 in the previous month, compared with a smaller decrease to 3.6 expected in a Bloomberg survey, indicating contraction in the sector.The Case-Shiller National Home Price index rose by 0.4% in June before seasonal adjustment following a 0.7% increase in May.The FHFA's measure of home prices held steady in June after an unrevised 0.3% increase in the previous month, below the 0.2% gain expected in a survey compiled by Bloomberg.Reports slated for a 10 am ET release include the consumer confidence report and Richmond Fed business conditions data for August, and new-home sales for July.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was 0.1% lower, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 0.1%, and the iShares US Consumer Staples ETF (IYK) was flat. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.2%. The VanEck Retail ETF (RTH) was down 0.4%, while the State Street SPDR S&P Retail ETF (XRT) was flat.Dick's Sporting Goods (DKS) shares were down more than 17% pre-bell after the company reported lower fiscal Q2 non-GAAP earnings and cut its fiscal 2026 guidance.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.7% lower.Bank of Nova Scotia (BNS) shares were up 2% in premarket activity after the company reported higher fiscal Q3 adjusted earnings and revenue.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.1%, the Vanguard Health Care Index Fund (VHT) was up 1%, while the iShares US Healthcare ETF (IYH) advanced 0.5%. The iShares Biotechnology ETF (IBB) was 0.2% higher.Moderna (MRNA) stock was up more than 1% premarket after Wolfe upgraded it to peer perform from underperform.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.5%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.SpaceX (SPCX) stock was up more than 1% before the opening bell after Elon Musk said in an X post on Monday that the company plans to launch its first AI satellites run by Nvidia (NVDA) chips in Q4 2027, with the network expected to reach significant scale in 2028.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 1.1%, the iShares US Technology ETF (IYW) was 1.3% higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.6%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 2.9% while the iShares Semiconductor ETF (SOXX) rose by 2.4%.Nvidia (NVDA) shares were up more than 1% in premarket activity after Raymond James lifted its price target for the company to $352 from $330.EnergyThe iShares US Energy ETF (IYE) retreated 0.02%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 1%.Equinor (EQNR) stock was down more than 1% before market open, following a 1.1% loss in the previous session. The company's Executive Vice President Philippe Mathieu said Equinor plans to boost production outside Norway to 950,000 barrels of oil equivalent per day by 2030, while generating $20 billion of free cash flow from 2026 to 2030.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 3.5% to $82.02 per barrel on the New York Mercantile Exchange. Natural gas was down 1.7% at $2.74 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased 2.9%, while the United States Natural Gas Fund (UNG) was 1.4% lower.Gold futures for November were down by 0.1% at $4,692.70 an ounce on the Comex. Silver futures retreated 0.9% to $68.77 an ounce. SPDR Gold Shares (GLD) decreased 0.4%, and the iShares Silver Trust (SLV) was 1.3% lower.

Dow JonesNasdaq CompositeS&P 500$BETH$BITO$BNS$DKS$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$MRNA$NVDA$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Sectors

Sector Update: Energy

Energy stocks were falling premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 1.5%.The United States Oil Fund (USO) was down 3.3% and the United States Natural Gas Fund (UNG) was 2.5% lower.Front-month US West Texas Intermediate crude oil was 3.1% lower at $82.38 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 3.1% to $89.33 per barrel, and natural gas futures were down 2.8% at $2.71 per 1 million British Thermal Units.Equinor (EQNR) plans to boost production outside Norway to 950,000 barrels of oil equivalent per day by 2030, while generating $20 billion of free cash flow from 2026 to 2030, said the oil giant's executive vice president, Philippe Mathieu. Shares of Equinor were down more than 1% pre-bell.

$EQNR
Equities

Market Chatter: Equinor Sees Renewed Potential in Tanzania LNG Project

Equinor (EQNR) sees its long-delayed Tanzania liquefied natural gas project as more attractive amid disruptions to energy flows through the Strait of Hormuz, Reuters reported Tuesday, citing the company.The $42 billion project could provide Asian customers with an alternative source of natural gas that is less exposed to Middle East geopolitical risks, the report said.Equinor has been negotiating investment terms with Tanzania for years and now sees an opportunity to move the project forward, Reuters reported, citing Philippe Mathieu, Equinor's head of international operations.Equinor did not immediately respond to' request for comment.(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
Commodities

DNO, Equinor Reach Agreement Over Non-Core Licenses, Decommissioning Deposit

Norwegian oil and gas operator DNO on Tuesday said it has reached an agreement to transfer select non-core license interests to energy major Equinor (EQNR) in exchange for a significantly reduced decommissioning deposit related to its 2025 acquisition of Sval Energi.As part of the acquisition, DNO had agreed to make a post-tax decommissioning deposit to Equinor this month for the Ekofisk and Martin Linge assets. The deposit was to be held by Equinor until the fields are eventually decommissioned."Under the terms of the new agreement, the deposit is reduced to a one-time payment, improving near-term liquidity including tax effects by more than [$35] million," DNO said in a statement.DNO will transfer to Equinor 20% interests in exploration licenses PL293B and 293 CS, which cover the Kveikje discovery; 29% in PL827 S, covering the Heisenberg discovery; and 10% in PL1245, which contains the Romsas prospect.It will fully exit the Kveikje but retain 20% interests in Heisenberg and 20% in PL1245, the statement added.DNO's reserves and production will remain unchanged following the agreement, with the company still on track to increase North Sea output to 100,000 barrels of oil equivalent per day by 2030, Executive Chairman Bijan Mossavar-Rahmani said.The agreement is contingent upon necessary government approvals.

$EQNR
Equities

Equinor Plans Higher Oil Output in Fewer Nations

Equinor (EQNR) plans to boost production outside Norway to 950,000 barrels of oil equivalent per day, (boepd) by 2030, while generating $20 billion of free cash flow from 2026 to 2030, said the oil giant's Executive Vice President Philippe Mathieu on Tuesday.Equinor's production outside Norway was 750,000 boepd in Q2, up more than 10% in two years, despite exits from positions in Azerbaijan and Nigeria.Equinor's production in the US was 433,000 boepd in Q2, or 100,000 boepd more than in the same quarter 2024."Cash flow from production is expected to grow around 80% towards 2030, significantly faster than production, reflecting a more competitive and resilient portfolio," added Mathieu, in a prepared statement.Equinor is also expanding operations in Angola, Brazil and Canada, said Mathieu.

$EQNR
Commodities

Norwegian Energy Giants Join Forces to Boost Norwegian Shelf Exploration

Equinor (EQNR) Aker BP, and Var Energi have formed a partnership to target high-impact exploration opportunities on the Norwegian continental shelf, Equinor said on Monday.While recent years have largely focused on near-field exploration and subsea tiebacks to maximize existing infrastructure, the partners emphasize that major new standalone discoveries are vital to sustain long-term production and secure Europe's energy supplies beyond 2035, it stated.Under this multi-year initiative, the companies will pool their data, technology, expertise, and exploration capacity to mitigate the high geological uncertainties and capital requirements associated with frontier prospects, as per the statement.The alliance plans to mature and test a portfolio of 20 to 25 exploration opportunities over the next four to five years, maintaining an ambitious target of drilling roughly five high-impact exploration wells annually, it added.

$EQNR
Equities

Equinor Begins Supplying Gas to Troll A Platform From Phase 3 Project

Equinor (EQNR) said Tuesday it started supplying additional natural gas to the Troll A platform from the second stage of the Troll Phase 3 subsea project on Aug. 22, ahead of its year-end start date.The 12.3 billion Norwegian kroner ($1.32 billion) project accelerates the extraction of 55 billion standard cubic meters of gas from the Troll West reservoir, the company said.A drilling campaign of eight wells was completed in five and a half months for the development, Equinor said.Petoro holds a 55.93% stake in the partnership, while operator Equinor owns 30.55%, Shell (SHEL) holds 8.19%, TotalEnergies (TTE) maintains 3.69%, and ConocoPhillips (COP) has 1.64%, it said.

$COP$EQNR$SHEL$TTE

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