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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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Wire

Equinor Set to Benefit From Boom in Commodity Prices, RBC Says

Equinor (EQNR) is set to benefit from a boom in commodity prices as oil and gas market disruptions provide the sector with material tailwinds, RBC Capital Markets analysts said in a Thursday note.Analysts said they support the company's move toward a slightly broader international strategy and expect the current windfall to provide greater optionality for future inorganic activity.RBC said oil product tightness will likely be the most significant bottleneck for the energy complex, considering ongoing disruptions in the Middle East and in Russia.Analysts added that since Equinor is sensitive to European gas prices, it is expected to benefit from short and long-term changes in gas prices.RBC upgraded the stock's rating to sector perform from underperform, and raised its price target to 420 Norwegian Kroner ($43.7) from 360 Norwegian Kroner.Price: $41.50, Change: $+1.54, Percent Change: +3.84%

$EQNR
Asia Markets

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

European equities traded in the US as American depositary receipts were tracking lower late Thursday morning, falling 0.9% to 1,901.24 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company argenx (ARGX) and medical device maker EDAP TMS (FOCL), which rose 5.3% and 4.4% respectively. They were followed by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which were up 3.7% and 2.1% respectively.The decliners from continental Europe were led by biopharmaceutical company Grifols (GRFS) and lender Banco Santander (SAN), which dropped 4.2% and 3.6% respectively. They were followed by brewing company Anheuser-Busch InBev (BUD) and accommodations booking site trivago (TRVG), which lost 3.1% and 2.9% respectively.The gainers from the UK were led by biopharmaceutical company Mereo BioPharma Group (MREO) and oil and gas company BP (BP), which advanced 2.8% and 2.3% respectively. They were followed by oil and gas company Shell (SHEL), which increased 1.6%.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and tobacco company British American Tobacco (BTI), which fell 5.4% and 3.3% respectively. They were followed by alcoholic beverage company Diageo (DEO) and educational publisher Pearson (PSO), which were down 2.4% and 0.4% respectively.

$ARGX$BP$BTI$BUD$DEO$E$EQNR$FOCL$GRFS$MREO$PSO$SAN$SHEL$TRIB$TRVG
Research

RBC Upgrades Equinor to Sector Perform From Underperform, Raises Price Target to NOK420 From NOK360

Equinor's (EQNR) Norwegian stock has an average rating of hold and mean price target of NOK361.32, according to analysts polled by FactSet.

$EQNR
Sectors

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks advanced late Wednesday afternoon with the NYSE Energy Sector Index rising 1.5% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index climbed 1%, and the Dow Jones US Utilities Index gained 1.8%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time Iran attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 3.3% to $87.13 a barrel, and global benchmark Brent advanced 3.7% to $94.38 a barrel. Henry Hub natural gas futures rose 2.9% to $2.95 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.Separately, NextEra Energy (NEE), Duke Energy (DUK), Equinix (EQIX) and Digital Realty Trust (DLR) are among nearly 200 companies backing US President Donald Trump's pledge to limit consumers' exposure to rising electricity bills driven by AI, The Wall Street Journal reported, citing a White House list of signatories.In corporate news, EQT (EQT) shares jumped 7.9% a day after the company reported Q2 revenue above market expectations.Equinor (EQNR) shares climbed 6.2% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.6% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.

$E$EQNR$EQT$GEV
Sectors

Sector Update: Energy Stocks Gain Wednesday Afternoon

Energy stocks advanced Wednesday afternoon with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.3%, and the Dow Jones US Utilities Index gained 1.9%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time the country attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post.West Texas Intermediate crude oil climbed 2.2% to $86.20 a barrel, and global benchmark Brent advanced 2.5% to $93.32 a barrel. Henry Hub natural gas futures rose 2% to $2.92 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 3.0 million barrels in the week ended July 17 following a decrease of 4.7 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 2.0 million barrels after a 1.7-million-barrel drop in the previous week, compared with the 2.0-million-barrel decrease expected in a survey compiled by Bloomberg.In corporate news, Equinor (EQNR) shares gained 5.8% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares added 1.7% after it said Wednesday it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.GE Vernova (GEV) is preparing contracts to help strengthen Venezuela's power grid and would be close to signing them had the country not suffered a recent earthquake, Bloomberg reported Wednesday, citing an interview with Chief Executive Officer Scott Strazik. GE Vernova shares were down 8.1%.

$E$EQNR$GEV
Sectors

Sector Update: Energy

Energy stocks advanced Wednesday afternoon with the NYSE Energy Sector Index rising 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.3%, and the Dow Jones US Utilities Index gained 1.9%.Crude oil prices rose amid escalating tensions between the US and Iran. The US will destroy an Iranian bridge or power plant, including facilities in and around Tehran, every time the country attacks ships in the Strait of Hormuz, President Donald Trump said in a social media post. Four more tankers changed course in the Red Sea after Yemen's Iran-aligned Houthis threatened vessels using Saudi Arabian ports, Reuters reported.West Texas Intermediate crude oil climbed 2.2% to $86.20 a barrel, and global benchmark Brent advanced 2.5% to $93.32 a barrel. Henry Hub natural gas futures rose 2% to $2.92 per 1 million BTU.In corporate news, Equinor (EQNR) shares gained 4.9% after the company posted higher Q2 adjusted earnings and revenue.

$EQNR
Asia Markets

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

European equities traded in the US as American depositary receipts were tracking higher late Wednesday morning, rising 0.69% to 1,924.81 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biopharmaceutical company Cellectis (CLLS) and petroleum refiner Equinor (EQNR), which climbed 6.8% and 4.9%, respectively. They were followed by semiconductor company Sequans Communications (SQNS) and brewing company Anheuser-Busch InBev (BUD), which advanced 4% and 2.8%, respectively.The decliners from continental Europe were led by internet browser company Opera (OPRA) and biopharmaceutical company DBV Technologies (DBVT), which dropped 3.3% and 2.9%, respectively. They were followed by telecommunications company Nokia (NOK) and software firm SAP (SAP), which lost 2.6% and 2%, respectively.The gainers from the UK were led by biopharmaceutical firm Akari Therapeutics (AKTX) and insurance firm Prudential (PUK), which rose 6.6% and 3.4%, respectively. They were followed by lender HSBC (HSBC) and telecommunications company operator Vodafone Group (VOD), which were up 2.2% each.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which shed 21% and 2.8% respectively. They were followed by pharmaceutical company Silence Therapeutics (SLN) and educational publisher Pearson (PSO), which fell 1.2% and 0.8% respectively.

$AKTX$BDRX$BUD$CLLS$DBVT$EQNR$HSBC$NOK$OPRA$PSO$PUK$SAP$SLN$SQNS$TRIB$VOD
Sectors

Sector Update: Energy Stocks Rise Premarket Wednesday

Energy stocks were rising premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1%.The United States Oil Fund (USO) was up 2.3% and the United States Natural Gas Fund (UNG) was 0.6% higher.Front-month US West Texas Intermediate crude oil was 3.4% higher at $87.22 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.7% to $94.33 per barrel, and natural gas futures were up 1.4% at $2.91 per 1 million British Thermal Units.Equinor (EQNR) stock was up more than 5% after the company posted higher Q2 adjusted earnings and revenue.Eni (E) shares were up more than 1% after the company said it generated first industrial electricity from the 120-megawatt gas power plant at the 247-MW Mangystau Hybrid Power Plant in Kazakhstan.Magnolia Oil & Gas (MGY) and its subsidiaries and affiliates plan to offer a total of $500 million in senior unsecured debt notes due 2034 in a private placement, the company said. Magnolia Oil & Gas stock was 0.3% lower premarket.

$E$EQNR$MGY$UNG$USO$XLE
Sectors

Sector Update: Energy

Energy stocks were rising premarket Wednesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 2.9% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 3.2% higher at $87.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 3.5% to $94.22 per barrel, and natural gas futures were up 1.6% at $2.91 per 1 million British Thermal Units.Equinor (EQNR) stock was up more than 4% after the company posted higher Q2 adjusted earnings and revenue.

$EQNR
Equities

Equinor Q2 Adjusted Earnings, Revenue Rise

Equinor (EQNR) reported Q2 adjusted earnings Wednesday of $1.33 per diluted share, up from $0.64 a year earlier.Analysts polled by FactSet expected $1.38.Revenue for the quarter that ended June 30 was $35.18 billion, up from $25.15 billion a year earlier.Analysts surveyed by FactSet expected $34.03 billion.The board has decided on a cash dividend of $0.39 per share for Q2.The board has decided to initiate a third tranche of the share buy-back program of up to $1.13 billion for 2026. The tranche will commence on July 23 and end no later than Oct. 26.Shares of the company traded 3.8% higher in premarket activity.

$EQNR
Commodities

Equinor Q2 Output Grows YOY; Power Generation Rises

Norwegian energy company Equinor (EQNR) Wednesday reported a 3% year-over-year rise in Q2 hydrocarbon production to about 2.2 million barrels of oil equivalent per day, driven by commissioning of new fields and wells.Production from new fields, including Eirin and Symra, resulted in a 4% rise in Norwegian Continental Shelf output. Combined with operations at Johan Sverdrup and new wells, these factors more than offset production declines from planned turnaround activities and the natural decline of fields, the company said.In the international oil and gas segment, a 4% year-over-year increase in production resulted from additional output from the Adura joint venture in the UK, the Bacalhau field in Brazil, and reduced turnaround activity.In the US, production remained steady year over year, the company said."Strong production in Q2 enabled us to capture value from higher prices, contributing to strong cash flow and financial results," said Anders Opedal, company president and chief executive.Equinor also posted a 6% increase in total power generation to 1.19 terawatt-hours in Q2, data showed. This compares with 1.12 TWh recorded in the year-ago period.Of the total generation, renewable energy contributed 910 gigawatt-hours. This represents an 11% growth from a year earlier.During the quarter, the company said it made a final investment decision for the Greater PAJ offshore oil project in Angola and conducted exploration activities on 10 wells, seven of which were completed.

$EQNR
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline Friday

European equities traded in the US as American depositary receipts were lower on Friday morning, shedding 0.6% to 1,899.52 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by energy companies Equinor (EQNR) and Eni (E), which climbed 4.1% and 3.1% respectively.They were followed by biotech companies Genenta Science (GNTA) and DBV Technologies (DBVT), which added 3% and 2.2%.The decliners from continental Europe were led by tech company Nokia (NOK), which dropped 3%, and semiconductor companies STMicroelectronics (STM) and ASML (ASML), which fell 2.6% each.They were followed by software company SAP (SAP), which shed 1.8%.From the UK and Ireland, the gainers were led by pharmaceutical company Compass Pathways (CMPS), which climbed 4.8%, and energy companies Shell (SHEL) and BP (BP), which added 2.3% and 1.4% respectively.The decliners from the UK and Ireland were led by budget airline Ryanair (RYAAY) and pharmaceutical company GSK (GSK), which lost 3.6% and 2.8% respectively. They were followed by bank Barclays (BCS), which shed 2.1%.

$ASML$BCS$BP$CMPS$DBVT$E$EQNR$GNTA$GSK$NOK$RYAAY$SAP$SHEL$STM
Asia Markets

European Equities Traded in the US as American Depositary Receipts Decline Sharply in Wednesday Trading

European equities traded in the US as American depositary receipts were tracking lower late Wednesday morning, falling 1.11% to 1,892.74 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by petroleum refiner Equinor (EQNR) and oil and gas company Eni (E), which rose 2.4% each. They were followed by accommodations booking site trivago (TRVG) and pharmaceutical company Ascendis Pharma (ASND), which gained 1.7% and 0.7%, respectively.The decliners from continental Europe were led by lender Banco Santander (SAN) and software company SAP (SAP), which fell 5.1% and 3.7%, respectively. They were followed by internet advertising company Criteo (CRTO) and biopharmaceutical company Cellectis (CLLS), which declined 3.5% and 1.1%, respectively.The gainers from the UK were led by oil and gas company BP (BP) and biotech company Autolus Therapeutics (AUTL), which advanced 1.7% and 1.6%, respectively. They were followed by telecommunications company Vodafone Group (VOD) and educational publisher Pearson (PSO), which each gained 0.5%.The decliners from the UK and Ireland were led by biotech company Trinity Biotech (TRIB) and pharmaceutical company Silence Therapeutics (SLN), which dropped 5.9% and 5.6%, respectively. They were followed by communications company WPP (WPP) and biopharmaceutical company Akari Therapeutics (AKTX), which fell 4.7% and 3.8%, respectively.

$AKTX$ASND$AUTL$BP$CLLS$CRTO$E$EQNR$PSO$SAN$SAP$SLN$TRIB$TRVG$VOD$WPP
Sectors

Sector Update: Energy Stocks Higher Late Afternoon

Energy stocks were higher late Tuesday afternoon, with the NYSE Energy Sector Index rising 2.6% and the State Street Energy Select Sector SPDR ETF (XLE) adding 2.9%.The Philadelphia Oil Service Sector Index was climbing up 2.6%, and the Dow Jones US Utilities Index rose 1.4%.In geopolitical news, Iran's Revolutionary Guard Corps fired missiles at vessels in the Strait of Hormuz, striking a liquefied natural gas carrier, according to media reports. "Oil prices and especially LNG rose after a Qatari LNG ship was struck by a projectile near the Omani coast as it exited the Strait of Hormuz, raising unease among shipowners while once again testing a US-Iran agreement intended to halt attacks and keep the narrow strait open," Saxo Bank said in a note.Front-month West Texas Intermediate crude oil jumped 5% to $72.00 a barrel, and the global benchmark Brent crude contract climbed 5.1% to $75.69 a barrel. Henry Hub natural gas futures added 0.5% to $3.26 per 1 million BTU.In corporate news, Shell (SHEL) expects Q2 oil-and-gas production volumes will decline due to Persian Gulf hostilities, but profit margins will swell, the energy giant reported Tuesday. Separately, Shell has agreed to sell its Shell Downstream South Africa retail and wholesale fuel business to Abu Dhabi's ADNOC Distribution at an implied enterprise value of $1 billion, ADNOC said Tuesday. Shell shares gained 4.7%.TotalEnergies (TTE) will discuss moving toward an offshore exploration contract with Syria, but Chief Executive Patrick Pouyanne said security concerns prevent a return to onshore oil operations for now, Reuters reported. Shares were up 3.1%.Peabody Energy (BTU) was selected by the US Department of Energy for funding to advance rare earth and critical mineral recovery from its Wyoming Powder River Basin resources, the company said Tuesday. Peabody shares were 0.4% higher.Equinor's (EQNR) chief crude trader David Barratt resigned from the company this week, Bloomberg reported. Barratt led the company's global crude-trading book from London, according to the report. Equinor shares rose 6.3%.

$BTU$EQNR$SHEL$TTE
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.6%.The Philadelphia Oil Service Sector Index shed 2.1%, and the Dow Jones US Utilities Index declined 1.4%.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.Front-month West Texas Intermediate crude oil fell 1.7% to $68.31 a barrel, and the global benchmark Brent crude contract dropped 2.2% to $71.38 a barrel. Henry Hub natural gas futures declined 2.2% to $3.20 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a fall of 15.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a Bloomberg survey.In corporate news, Sable Offshore (SOC) shares surged 42% after the firm said Wednesday it has priced a combined equity and debt offering to raise capital and refinance borrowings tied to its energy assets.New Era Energy & Digital (NUAI) appointed new executives, including Charlie Nelson, currently president and chief operating officer, as chairman and chief executive, effective immediately, the company said Wednesday. Shares were falling past 17%.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Eni shares were down 2.6%.Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday. Equinor shares were shedding 0.7% lower, and Transocean was down 0.9%.

$E$EQNR$NUAI$RIG$SOC
Commodities

Market Chatter: Norwegian Offshore Labor Talks Seek to Prevent Energy Sector Walkout

Norway's state mediator opened wage negotiations Wednesday as offshore labor unions sought to prevent a strike that could disrupt the country's oil and gas industry starting Friday, Reuters reported Wednesday.An initial strike could involve more than 600 members from the three unions, Styrke, Safe and DSO, while additional workers could join if the wage dispute remains unresolved.The report said the action could affect Transocean's (RIG) Encourage rig, Odfjell Technology's Linus rig, AKOFS Offshore's Seafarer vessel and Equinor's (EQNR) Gullfaks B platform.Transocean, Equinor, Odfjell Technology and AKOFS Offshore did not immediately reply 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.)Price: $31.37, Change: $-0.03, Percent Change: -0.10%

$EQNR$RIG
Sectors

Sector Update: Energy Stocks Decline Wednesday Afternoon

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.3%.The Philadelphia Oil Service Sector Index shed 1.6%, and the Dow Jones US Utilities Index declined 1.3%.On Wednesday, the US and Iran held indirect technical talks in Doha as they seek to agree on the flow of shipping through the Strait of Hormuz and secure a lasting ceasefire, a source with direct knowledge of the talks and an Iranian official told Reuters.Front-month West Texas Intermediate crude oil fell 1.8% to $68.26 a barrel, and the global benchmark Brent crude contract dropped 2.3% to $71.25 a barrel. Henry Hub natural gas futures shed 1.6% to $3.22 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 9.3 million barrels in the week ended June 26 following a fall of 15.1 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks declined by 3.8 million barrels after a 6.1 million barrel decrease in the previous week, a larger decline than the 2.2 million barrel decrease expected in a Bloomberg survey.In corporate news, Sable Offshore (SOC) shares surged 36% after the firm said Wednesday it has priced a combined equity and debt offering to raise capital and refinance borrowings tied to its energy assets. Proceeds will be used to repay a senior secured term loan with Exxon Mobil (XOM), as well as for transaction costs and general corporate purposes, Sable said. Exxon shares were down 0.2%.Eni (E) said it agreed with Mercuria to establish an equally owned joint venture to oversee energy commodities trading activities across global markets. Shares were down 2.5%.Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday. Equinor shares were 0.2% lower, and Transocean was down 0.8%.

$E$EQNR$RIG$SOC$XOM
Commodities

Equinor Signs $1 Billion Letter of Intent With Transocean for 3 Cat D Rigs

Norwegian energy major Equinor (EQNR) on Wednesday said it has entered into a letter of intent for a $1 billion agreement with Swiss offshore drilling contractor Transocean (RIG) regarding the use of three Cat D rigs on the Norwegian continental shelf.The deal is expected to reduce well costs, speed up the delivery of new wells and maintain high output towards 2035, the company said in a statement.The contract, which includes mobilization, is based on a day rate of less than $400,000 over seven rig-years and covers Cat D rigs Transocean Enabler for three years and the Transocean Encourage and Transocean Endurance for two years each. Optional integrated drilling services are not included.Work is yet to be assigned to the rigs, the statement said.Originally ordered by Equinor, the Cat D rigs are semi-submersible offshore drilling rigs designed to adapt to Norway's winter weather and have operated on the Norwegian continental shelf since their completion in 2015 and 2016.Equinor is targeting Norwegian continental shelf production of 1.3 million barrels of oil equivalent per day in 2035, with about 70% of the output expected to come from new wells, according to Rune Nedregaard, senior vice president for Wells at Equinor.Price: $31.16, Change: $-0.24, Percent Change: -0.76%

$EQNR$RIG
Equities

Equinor Signs $1 Billion Rig Agreement With Transocean

Equinor (EQNR) has entered into a letter of intent with Transocean (RIG) to charter three Cat D rigs for operations on the Norwegian continental shelf under an agreement valued at about $1 billion, the company said Wednesday.The agreement covers Transocean Enabler for three years, Transocean Encourage and Transocean Endurance for two years each, the company said.The contract is based on a day rate below $400,000 over seven rig years.The rigs will support its plan to reduce well costs, accelerate new wells and maintain production through 2035, Equinor said.

$EQNR$RIG
Asia Markets

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

European equities traded in the US as American depositary receipts were heading higher late Tuesday morning, rising 0.7% to 1,919.96 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by 3D printer company Materialise (MTLS) and biopharmaceutical company Cellectis (CLLS), which rose 3.4% and 2% respectively. They were followed by telecommunications company Nokia (NOK) and petroleum refiner Equinor (EQNR), which were up 1.5% and 1% respectively.The decliners from continental Europe were led by furniture maker Natuzzi (NTZ) and consumer goods company Unilever (UL), which dropped 2.1% and 1.5% respectively. They were followed by pharmaceutical company Sanofi (SNY) and semiconductor company Sequans Communications (SQNS), which lost 1.3% each.The gainers from the UK were led by biopharmaceutical company Bicycle Therapeutics (BCYC) and lender Lloyds Banking Group (LYG), which advanced 3% and 2.2% respectively. They were followed by software firm Endava (DAVA) and educational publisher Pearson (PSO), which increased 2% and 1.4% respectively.The decliners from the UK and Ireland were led by biotech firm Trinity Biotech (TRIB) and medical device maker Smith & Nephew (SNN), which fell 5.4% each, and 3.5% respectively. They were followed by telecommunications operator Vodafone Group (VOD) and biopharmaceutical company Biodexa Pharmaceuticals (BDRX), which were down 3.8% and 3.5% respectively.

$BCYC$BDRX$CLLS$DAVA$EQNR$LYG$MTLS$NOK$NTZ$PSO$SNN$SNY$SQNS$TRIB$UL$VOD

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