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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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Sectors

Sector Update: Energy Stocks Advance Premarket Tuesday

Energy stocks were advancing premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.1% higher.The United States Oil Fund (USO) was up 0.6% and the United States Natural Gas Fund (UNG) was 2.4% higher.Front-month US West Texas Intermediate crude oil was 0.9% higher at $71.36 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $73.42 per barrel, and natural gas futures were up 3.2% at $3.28 per 1 million British Thermal Units.Shell (SHEL) is close to a deal to sell over 600 retail fuel outlets in South Africa to Abu Dhabi National Oil's retail arm for a deal valued at around $1 billion, Bloomberg reported, citing people familiar with the matter. Shell stock was 0.1% higher pre-bell.BP (BP) and Eni's (E) joint venture, Azule Energy, has awarded Vallourec a contract for the Greater PAJ offshore development project in Angola, Vallourec said. BP shares were 0.3% higher and Eni stock was up 0.4% premarket.Equinor (EQNR) and Var Energi have agreed to exchange natural gas assets on the Norwegian continental shelf, Equinor said. Shares of Equinor were up more than 1% premarket.

$BP$E$EQNR$SHEL$UNG$USO$XLE
Commodities

Exchange-Traded Funds Mixed, Equity Futures Lower Pre-Bell Ahead of Key Economic Reports

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up marginally, and the actively traded Invesco QQQ Trust (QQQ) retreated 0.1% in Tuesday's premarket activity as investors looked ahead to key economic data while concluding one of the strongest quarters for US equities in years.US stock futures were trending lower, with the S&P 500 Index futures, Dow Jones Industrial Average futures, and Nasdaq futures down slightly before the start of regular trading.The Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for April, will be released at 9 am ET.The Chicago purchasing managers' index for June is slated for a 9:45 am ET release, followed by the June consumer confidence report and May Job Openings and Labor Turnover Survey at 10 am.Cleveland Fed President Beth Hammack is scheduled to speak on Tuesday.In premarket action, bitcoin was down by 1.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 2% lower, Ether ETF (EETH) fell 2.9%, and Bitcoin & Ether Market Cap Weight ETF (BETH) retreated by 2.6%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was steady, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was up 1%, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.4%. The VanEck Retail ETF (RTH) and the State Street SPDR S&P Retail ETF (XRT) were inactive.Patrick Industries (PATK) shares were down more than 8% pre-bell, while LCI Industries (LCII) stock rose 2% after the companies said they have entered into a definitive agreement to merge in an all-stock transaction.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated by 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.4%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.6% higher.Lloyds Banking Group (LYG) shares traded up over 1% in early hours activity after Bloomberg reported that the company is planning to increase its focus on workplace pensions to boost its wealth segment as part of its five-year strategy through 2030.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced marginally, the Vanguard Health Care Index Fund (VHT) increased 0.4%, and the iShares US Healthcare ETF (IYH) advanced by 0.9%. The iShares Biotechnology ETF (IBB) was 0.3% higher.BeOne Medicines' (ONC) stock was down slightly premarket, partially reversing the 3.6% gain at the previous close. The company said Brukinsa met its primary endpoint of progression-free survival in a phase 3 study evaluating the drug as a potential treatment in combination with rituximab for mantle cell lymphoma.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) gained 0.5% and the iShares US Industrials ETF (IYJ) was inactive.Hafnia (HAFN) stock was down more than 1% before the opening bell after the company said that Mikael Skov will step down as chief executive officer, effective Sept. 1, and be succeeded by head of asset management Soren Jensen.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.1%, and the iShares US Technology ETF (IYW) was fractionally higher, and the iShares Expanded Tech Sector ETF (IGM) was up 0.1%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) increased 0.4%, while the iShares Semiconductor ETF (SOXX) rose 0.1%.Super Micro Computer (SMCI) shares were up 0.9% in premarket activity following an 8.1% drop at the prior close. The Financial Times reported that the company is cooperating with Taiwanese authorities after investigators searched its Taiwan office as part of a probe into suspected exports of Nvidia (NVDA) artificial intelligence servers to China in violation of trade restrictions. Nvidia stock was 0.7% higher.EnergyThe iShares US Energy ETF (IYE) was flat, while the State Street Energy Select Sector SPDR ETF (XLE) was up by 0.2%.Equinor (EQNR) stock was up 0.7% before market open after the company and Var Energi agreed to exchange natural gas assets on the Norwegian continental shelf.CommoditiesFront-month US West Texas Intermediate crude oil gained by 0.6% to $71.20 per barrel on the New York Mercantile Exchange. Natural gas advanced by 2.1% to $3.25 per 1 million British Thermal Units. The United States Oil Fund (USO) increased by 1.1%, while the United States Natural Gas Fund (UNG) was 3.3% higher.Gold futures for July were up by 0.2% to $4,045.30 an ounce on the Comex. Silver futures gained by 1.3% to $59.37 an ounce. SPDR Gold Shares (GLD) advanced by 0.1%, and the iShares Silver Trust (SLV) was 0.6% higher.

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

Equinor, Var Energi Swap Natural Gas Assets in Offshore Norway

Equinor (EQNR) and Var Energi have agreed to exchange natural gas assets on the Norwegian continental shelf, Equinor said Tuesday.Under the swap, Equinor will transfer 32.5% of its interest in, and operatorship of, the Peon natural gas discovery to Var Energi in exchange for interests in producing assets and development licenses, including a 5% share in the Fram field, and positions in the Grosbeak and Mulder discoveries, it said.The transaction enables further maturation of the Peon gas discovery towards development and strengthens Equinor's position in the Troll-Fram area, according to Equinor.Peon is one of the largest undeveloped gas discoveries offshore Norway, with estimated recoverable resources of 105 million to 195 million barrels of oil equivalent, Equinor said.

$EQNR
Commodities

Equinor Consolidates Troll-Fram Infrastructure Hub Through Coordinated North Sea Swaps

Energy major Equinor (EQNR) has finalized a portfolio optimization across the Norwegian Continental Shelf by executing three independent asset swap agreements with Var Energi, Aker BP, and DNO, the company said on Tuesday.The primary transaction features an exchange with Var Energi, where Equinor will cede a 32.5% interest and operatorship of the Peon gas discovery.In return, Equinor will receive critical producing and development positions to consolidate its footprint in the Troll-Fram infrastructure hub.This includes a 5% stake in the Fram field, raising ownership to 50%, alongside Var Energi's stakes in the Mulder and Grosbeak discoveries and the Gronngylt prospect, it stated.In parallel transactions, designed to align joint-venture partnerships, Equinor completed separate portfolio adjustments with Aker BP and DNO.The agreement with Aker BP transfers a 19% interest in a cluster of Ringvei Vest discoveries to the operator in exchange for a 7.5% equity bump in the Barents Sea's undeveloped Wisting oil discovery, bringing Equinor's total holding to 42.5%, plus a $23 million cash consideration.Concurrently, the swap with DNO allows Equinor to consolidate its ownership up to 80% across the Rover and Sjorover prospects near the Troll field, alongside expanded stakes in the Tyrihans Ost, Bergknapp, and Mistral Sor discoveries in the Haltenbanken area.The transactions await customary regulatory approvals, as per the company's statement.

$EQNR
Commodities

Norwegian Offshore Directorate Grants Equinor Drilling Permit for Well 30/8-7 S

The Norwegian Offshore Directorate said Monday that it granted Equinor Energy a drilling permit for wellbore 30/8-7 S in production license 190.The exploration well will be drilled in the North Sea under Section 13 of the Resource Management Regulations, the directorate said.Equinor (EQNR) holds a 50% operating interest in the license, while Petro AS owns 40% and TotalEnergies EP Norge AS holds the remaining 10%.The production license has been in effect since June 18, 2021, according to data from the Norwegian Offshore Directorate.Price: $31.34, Change: $+0.31, Percent Change: +0.98%

$EQNR
Sectors

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Friday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and the State Street Energy Select Sector SPDR ETF (XLE) down 0.7%.The Philadelphia Oil Service Sector Index was falling 1.9%, and the Dow Jones US Utilities Index rose 0.3%.Front-month West Texas Intermediate crude oil fell 3.9% to $69.09 a barrel, and the global benchmark Brent crude contract dropped 4.7% to $71.73 a barrel. Henry Hub natural gas futures rose 0.2% to $3.30 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Constellation shares were down 2.4%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Its shares fell 1.9%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. TotalEnergies shares were down 1.9%.FuelCell Energy (FCEL) shares jumped 21% after Jefferies upgraded the company's shares to buy from hold.

$CEG$EQNR$FCEL$TTE
Sectors

Sector Update: Energy Stocks Decline Friday Afternoon

Energy stocks were lower Friday afternoon, with the NYSE Energy Sector Index decreasing 0.6% 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 rose 0.5%.Oil prices resumed their decline on Friday as tankers continued to transit through the Strait of Hormuz, a day after a vessel was attacked in the Gulf of Oman.Front-month West Texas Intermediate crude oil fell 4% to $69.08 a barrel, and the global benchmark Brent crude contract dropped 4.1% to $72.43 a barrel. Henry Hub natural gas futures were 0.2% lower at $3.34 per 1 million BTU.In corporate news, Constellation Energy (CEG) said it filed applications with the US Nuclear Regulatory Commission to renew the operating licenses for its Ginna and Nine Mile Point Unit 1 nuclear reactors in New York through 2049. Shares were down 2.2%.Equinor (EQNR) is ending its offshore wind business activities in Japan by the end of the year. The decision is due to a reassessment of its strategic direction and focus on integrated power markets, the firm said. Shares fell 1.6%.TotalEnergies (TTE) said Thursday the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. Shares were shedding 1.4%.

$CEG$EQNR$TTE
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 Friday morning, decreasing 0.4% to 1,883.22 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by biotech companies Evaxion (EVAX) and Abivax (ABVX), which gained 5.4% and 4.5% respectively. They were followed by healthcare firm Grifols (GRFS) and drink and brewing giant Anheuser-Busch Inbev (BUD), which added 1.4% and 1.1%, respectively.The decliners from continental Europe were led by Agomab Therapeutics (AGMB) and steel producer ArcelorMittal (MT), which fell 3.9% and 3.5% respectively. They were followed by energy company Equinor (EQNR), which was down 1.3%.From the UK and Ireland, the gainers were led by pharmaceutical company Compass Pathways (CMPS) and Autolus Therapeutics (AUTL), which rose 5.6% and 2.8% respectively.The decliners from the UK and Ireland were led by semiconductor company Arm (ARM) and Barclays (BCS), which shed 4% and 1.3% respectively.

$ABVX$AGMB$ARM$AUTL$BCS$BUD$CMPS$EQNR$EVAX$GRFS$MT
Commodities

Correction: Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks

(Corrects the third paragraph to state that May advance trade deficit widened.)The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.6% in Friday's premarket activity, as investors shifted their focus from the US-Iran conflict in the Middle East to technology stocks.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.4% before the start of regular trading.The US advance international trade in goods deficit widened to $105.76 billion in May from $83.01 billion in April, according to data released by the US Census Bureau.June's final University of Michigan consumer sentiment report is slated for a 10 am ET release, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak on Friday.In premarket action, bitcoin was down 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was down 0.2%, ProShares Ether ETF (EETH) declined by 1.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.01%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.8%, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 3% pre-bell as multiple analyst price target cuts followed the company's Q1 earnings announcement.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.HIVE Digital Technologies (HIVE) shares traded down 6.1% in early hours activity after the company priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering.HealthcareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.03%, the Vanguard Health Care Index Fund (VHT) was up 1.1%, while the iShares US Healthcare ETF (IYH) rose 0.5%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Nuvation Bio (NUVB) stock was down nearly 1% premarket, extending losses from the previous day's 10% fall. The company said late Thursday it priced an underwritten offering of $250 million of 0.75% convertible senior notes due in 2032.EnergyThe iShares US Energy ETF (IYE) was marginally higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down nearly 2% before market open after the company said it is ending its offshore wind business activities in Japan and shutting its Tokyo office by the end of the year.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained by 0.2% and the iShares US Industrials ETF (IYJ) was flat.AerCap (AER) stock was up more than 2% before the opening bell after the company said it delivered the first of three Airbus A321neo aircraft to Azerbaijan Airlines.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.1%, and the iShares US Technology ETF (IYW) was 1.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 2.9%, while the iShares Semiconductor ETF (SOXX) fell by 4.3%.Microsoft (MSFT) shares were up 1.4% in premarket activity after closing the prior day with a 3.5% fall. The Italian Competition Authority said the company faces a formal regulatory investigation into whether it engaged in deceptive marketing during a recent price increase for Microsoft 365.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.1% to $69.70 per barrel on the New York Mercantile Exchange. Natural gas gained by 2.9% to $3.44 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.2%, while the United States Natural Gas Fund (UNG) was 2.5% higher.Gold futures for July were up by 0.4% to $4,063.80 an ounce on the Comex. Silver futures gained by 0.1% to $58.83 an ounce. SPDR Gold Shares (GLD) advanced by 0.4%, and the iShares Silver Trust (SLV) was 0.5% higher.

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

Sector Update: Energy Stocks Decline Premarket Friday

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 3% and the United States Natural Gas Fund (UNG) was 2.3% higher.Front-month US West Texas Intermediate crude oil was 3.2% lower at $69.64 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 3.5% to $72.64 per barrel, and natural gas futures were up 1.5% at $3.39 per 1 million British Thermal Units.Equinor (EQNR) shares were down more than 1% after the company said it is ending its offshore wind business activities in Japan and shut its Tokyo office by the end of the year.Cenovus Energy (CVE) has awarded a five-year engineering and maintenance services contract for its White Rose offshore field assets to Aker Solutions, the latter said. Cenovus Energy stock was 0.6% lower premarket.TotalEnergies (TTE) said the Paris Judicial Court rejected a bid by environmental groups and the City of Paris to block new oil and gas projects or force production cuts under France's duty of vigilance law. Shares of TotalEnergies were down 0.2% pre-bell.

$CVE$EQNR$TTE$UNG$USO$XLE
Commodities

Exchange-Traded Funds, Equity Futures Decline Pre-Bell Friday as Investors Shift Focus From Middle East to Technology Stocks

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.7%, and the actively traded Invesco QQQ Trust (QQQ) retreated 1.6% in Friday's premarket activity, as investors shifted their focus from the US-Iran conflict in the Middle East to technology stocks.US stock futures were also lower, with S&P 500 Index futures down 0.5%, Dow Jones Industrial Average futures slipping 0.2%, and Nasdaq futures retreating 1.4% before the start of regular trading.The US advance international trade in goods deficit narrowed to $105.76 billion in May from $83.01 billion in April, according to data released by the US Census Bureau.June's final University of Michigan consumer sentiment report is slated for a 10 am ET release, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm ET.Federal Reserve Bank of Minneapolis President Neel Kashkari is scheduled to speak on Friday.In premarket action, bitcoin was down 0.3%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was down 0.2%, ProShares Ether ETF (EETH) declined by 1.3%, and Bitcoin & Ether Market Cap Weight ETF (BETH) lost 0.01%.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.5%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.8%, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) lost 0.1%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was flat.Trip.com (TCOM) shares were down more than 3% pre-bell as multiple analyst price target cuts followed the company's Q1 earnings announcement.Winners and Losers:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.3%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.2% lower.HIVE Digital Technologies (HIVE) shares traded down 6.1% in early hours activity after the company priced an offering of $115 million worth of 0% exchangeable senior notes due 2031 in a private offering.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.03%, the Vanguard Health Care Index Fund (VHT) was up 1.1%, while the iShares US Healthcare ETF (IYH) rose 0.5%. The iShares Biotechnology ETF (IBB) was 0.1% lower.Nuvation Bio (NUVB) stock was down nearly 1% premarket, extending losses from the previous day's 10% fall. The company said late Thursday it priced an underwritten offering of $250 million of 0.75% convertible senior notes due in 2032.EnergyThe iShares US Energy ETF (IYE) was marginally higher, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down nearly 2% before market open after the company said it is ending its offshore wind business activities in Japan and shutting its Tokyo office by the end of the year.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated by 0.2%, while the Vanguard Industrials Index Fund (VIS) gained by 0.2% and the iShares US Industrials ETF (IYJ) was flat.AerCap (AER) stock was up more than 2% before the opening bell after the company said it delivered the first of three Airbus A321neo aircraft to Azerbaijan Airlines.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 2.1%, and the iShares US Technology ETF (IYW) was 1.4% lower, while the iShares Expanded Tech Sector ETF (IGM) was down 2%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) declined by 2.9%, while the iShares Semiconductor ETF (SOXX) fell by 4.3%.Microsoft (MSFT) shares were up 1.4% in premarket activity after closing the prior day with a 3.5% fall. The Italian Competition Authority said the company faces a formal regulatory investigation into whether it engaged in deceptive marketing during a recent price increase for Microsoft 365.CommoditiesFront-month US West Texas Intermediate crude oil fell by 3.1% to $69.70 per barrel on the New York Mercantile Exchange. Natural gas gained by 2.9% to $3.44 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 3.2%, while the United States Natural Gas Fund (UNG) was 2.5% higher.Gold futures for July were up by 0.4% to $4,063.80 an ounce on the Comex. Silver futures gained by 0.1% to $58.83 an ounce. SPDR Gold Shares (GLD) advanced by 0.4%, and the iShares Silver Trust (SLV) was 0.5% higher.

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

Sector Update: Energy

Energy stocks were declining premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) 0.4% lower.The United States Oil Fund (USO) was down 3.2% and the United States Natural Gas Fund (UNG) was 2.2% higher.Front-month US West Texas Intermediate crude oil was 3.4% lower at $69.49 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 3.7% to $72.45 per barrel, and natural gas futures were up 2.9% at $3.44 per 1 million British Thermal Units.Equinor (EQNR) shares were down more than 1.9% after the company said it is ending its offshore wind business activities in Japan and shut its Tokyo office by the end of the year.

$EQNR
Commodities

Equinor Pulls Out of Japan Offshore Wind; Eyes 2027 Final Investment Decision on Wisting Field

Norwegian energy giant Equinor (EQNR) said that it has decided to completely exit its offshore wind business in Japan and close its Tokyo office by the end of 2026.Company officials stated the exit follows a strategic reassessment to strengthen its focus on integrated power markets. While ending its local presence, Equinor emphasized that Japan remains an important market.Equinor and its partners are shifting focus back to home waters, submitting a proposed environmental impact assessment for the Wisting field in the Barents Sea for public consultation the company noted in a separate press release on Thursday.As the largest undeveloped oil discovery on the Norwegian continental shelf, Wisting holds an estimated recoverable volume of just under 500 million barrels of oil equivalent.The project remains in its early, maturation phase, with further progress hinging on economic viability and profitability improvements, it stated.Equinor and its partners plan to lock in a final concept selection by late 2026, targeting a final investment decision by the end of 2027.

$EQNR
Equities

Equinor to Wrap Up Offshore Wind Business in Japan

Equinor (EQNR) is ending its offshore wind business activities in Japan and shut its Tokyo office by the end of the year.The decision is due to a reassessment of Equinor's strategic direction and focus on integrated power markets, the company said.Shares of the company were down 2% in Friday's premarket activity.

$EQNR
Commodities

Equinor Scraps Plans to Electrify Wisting Oilfield Project

Equinor (EQNR) said Thursday that it has decided to shelve plans to supply power to the Wisting oilfield from shore, citing technical complexity and high costs."Power from shore has been thoroughly assessed but was ruled out due to technical complexity and high costs. We are now continuing our work on power generation based on an energy-efficient gas turbine solution," says Trond Bokn, Equinor's senior vice president for project development.Equinor submitted an environmental impact assessment program for the proposed Wisting development to public consultation on Thursday, advancing plans for an almost 500 million-barrel oil-equivalent project.Wisting remains in the early development stage, with the partners targeting final concept selection by the end of 2026, following further improvements in the project's profitability and commercial viability, Equinor said.Wisting is the largest undeveloped oil discovery on the Norwegian continental shelf, with estimated recoverable resources of just under 500 million barrels of oil equivalent.The partners selected a floating production and storage vessel as the preferred development solution.The project will also evaluate a carbon capture and storage solution to reduce production-related carbon dioxide emissions.Equinor said the concept suits Wisting because the development involves a newbuild installation with a large power facility.The partners plan to make a final investment decision by the end of 2027, provided technological, regulatory, cost and timing requirements support a carbon capture and storage solution.The project must also meet safe and efficient operating standards in the Barents Sea.The environmental assessment proposal will remain open for public consultation for 16 weeks. Wisting's license holders are Equinor Energy with a 42.5% stake, Aker BP with 27.5%, Petoro with 20% and Inpex Idemitsu Norge with 10%.Price: $31.33, Change: $-0.27, Percent Change: -0.85%

$EQNR
Asia Markets

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

European equities traded in the US as American depositary receipts were lower late Wednesday morning, falling 0.83% to 1,868.68 on the S&P Europe Select ADR Index.From continental Europe, the gainers were led by 3D printer company Materialise (MTLS) and medical device maker EDAP TMS (FOCL), which rose 5.5% and 4.8% respectively. They were followed by semiconductor company Sequans Communications (SQNS) and consumer goods company Unilever (UL), which were up 1.7% and 1.3% respectively.The decliners from continental Europe were led by biopharmaceutical firm Cellectis (CLLS) and petroleum refiner Equinor (EQNR), which dropped 5.4% and 3.5% respectively. They were followed by oil and gas company Eni (E) and telecommunications company Ericsson (ERIC), which were down 3.1% and 1.8% respectively.The gainers from the UK were led by Silence Therapeutics (SLN) and Trinity Biotech (TRIB), which surged 15% and 9.3% respectively. They were followed by Biodexa Pharmaceuticals (BDRX) and medical device maker Smith & Nephew (SNN), which advanced 4.1% and 2.4% respectively.The decliners from the UK and Ireland were led by Akari Therapeutics (AKTX) and Autolus Therapeutics (AUTL), which fell 8.7% and 3.5% respectively. They were followed by oil and gas company BP (BP) and Mereo BioPharma Group (MREO), which lost 3.1% and 2.9% respectively.

$AKTX$AUTL$BDRX$BP$CLLS$E$EQNR$ERIC$FOCL$MREO$MTLS$SLN$SNN$SQNS$TRIB$UL
Commodities

European Power Utilities Boost Focus on Transmission Investment, Storage in H1: WoodMac

European utilities have increased focus on transmission and network expansion, Wood Mackenzie said on Tuesday in a review of H1 2026, with most of the 9% increase in capital investment among the largest firms, dedicated to this.The researcher expects this trend to persist for the full year, with the capital expenditure reflecting regulatory support for investment in networks in several places as well as growing opportunities in energy storage.WoodMac notes a retreat in low-carbon technology spending among oil and gas majors, with BP (BP) having made a highly-publicized strategic shift focused more squarely on fossil fuels.With the British company's offshore wind assets housed in the Jera Nex BP joint venture and Lightsource currently undergoing a strategic view, it is feasible that the company could exit renewables entirely by the end of the year, the report said.Equinor (EQNR) and Shell (SHEL) have also been observed cutting back their commitments to low-carbon energy, favoring investments in upstream oil, Wood Mackenzie said.Regarding TotalEnergies (TTE), Eni (E) and Repsol, the report notes that each has reduced their investment budget but maintained their strategic path overall.Another trend is the prominence of investments in flexible generation and energy storage, with the most notable move that of TotalEnergies's 50% acquisition of an EPH-owned portfolio in November for 5.1 billion euros ($5.8 billion), paid in stocks.Elsewhere Enel has increased its battery energy storage targets while RWE is planning more gas capacity in Germany and preparing for more gas-fired power generation growth in the US.Expectations have grown that thermal generation will retain a larger share for longer in the power mix, especially in the US, to maintain supply flexibility.Renewables remain at the core of investment plans for most power utilities, with resilience seen in onshore wind and solar despite regulatory uncertainty and grid bottlenecks that make the power harder to deliver.Other constraints include a saturated supply chain, higher interest rates and a trend of increased curtailment.RWE is notably expected to overtake Denmark's Orsted as the global leader in offshore wind, after it clinched large contracts in the UK's AR7 auction, giving it an estimated 12 gigawatt pipeline of projects versus its Danish rival's 10 GW.

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Oil & Energy

Eni to Invest in Angola Offshore Blocks With Partners

Italy's Eni (E) has reached a positive investment decision through Azule Energy for the Greater PAJ offshore development in Angola, the company said on Monday.The project in blocks 31 and 31/21 is operated by Azule and is jointly owned by Eni and BP (BP), with stakes also held by Equinor (EQNR) and Angola state-owned Sonangol E&P, it said in a statement.The project is the first integrated cross-block development in Angola and represents a coordinated approach to developing hydrocarbon resources in two neighboring concessions.It reinforces Angola's approach of efficient resource management, optimized infrastructure and sustained oil production, Eni said.With the first oil due in less than three years, in H1 2029, the project will unite five offshore fields over the two blocks, Palas, Astraea, Juno, Urano and Dione.The project will consist of 17 wells connected to a floating production, storage and offloading vessel, or FPSO, that has a nameplate capacity of 95,000 barrels per day and gas export capacity of 70 million standard cubic feet of gas per day.This will be delivered to Angola LNG through a new gas export line tied to Block 31's existing network.Price: $49.06, Change: $-0.34, Percent Change: -0.70%

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Commodities

Equinor, Partners to Boost Gas Output Offshore Norway

Equinor (EQNR) and its partners, Petoro, Shell (SHEL), TotalEnergies (TTE), and ConocoPhillips (COP) are investing 4 billion Norwegian krones ($413.2 million) in a Troll field project in the North Sea to boost gas production, Equinor said on Friday.The project, named Troll West Increased gas recovery North, or Twin, is expected to launch production as early as 2028.It represents third step of Troll Phase 3 and will extract gas from Troll West reservoir. It will feature two wells inside a subsea template and a pipeline connected to existing offshore facilities, the company noted.Operators expect the development to recover about 11 billion standard cubic meters of gas. The partnership is now notifying the Ministry of Energy about the development following a completed environmental impact assessment, it stated.Equinor aims to develop six to eight similar subsea projects annually through 2035, targeting an overall production level of 1.3 million barrels per day from the region.The Troll field holds roughly 40% of the total gas reserves on the Norwegian continental shelf and supplies about 10% of Europe's total gas needs.

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Sectors

Sector Update: Energy Stocks Decline Premarket Thursday

Energy stocks were declining premarket Thursday, with the State Street Energy Select Sector SPDR ETF (XLE) down 0.6%.The United States Oil Fund (USO) was down 1.8% and the United States Natural Gas Fund (UNG) was 0.6% lower.Front-month US West Texas Intermediate crude oil was 2.3% lower at $75.06 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 1.5% to $78.39 per barrel, and natural gas futures were down 0.3% at $3.14 per 1 million British Thermal Units.Equinor (EQNR) and its partners have selected the development concept for the Ringvei Vest project in the Norwegian North Sea, which is expected to contribute about 240 million barrels of oil equivalent, the company said. Equinor stock was down more than 4% pre-bell.Venture Global (VG) signed new binding agreements with German energy company EnBW to supply 820,000 tonnes per annum of US liquefied natural gas over a period of five years beginning in 2026, the LNG producer said. Venture Global shares were 0.4% lower premarket.

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