Equinor – Page 5 – Oil & Gas 360

Shell Invests in New Deep-Water Gulf of Mexico Project, Sells Assets to Equinor and Noreco

August 1, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Shell Offshore Inc. makes final investment decision for PowerNap deep-water project in U.S. Gulf Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc (stock ticker: RDS-A, RDS-B), has reached a final investment decision (FID) for the PowerNap deep-water project in the US Gulf of Mexico, electing to move forward with

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

July 30, 2019

From Reuters A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. BP’s second quarter contrasts with Total (TOTF.PA) and Norway’s Equinor (EQNR.OL), which posted sharp earnings drops, and builds on a steady recovery after deep cost cuts since the 2014 downturn,

Total Plans $5 Billion of Asset Sales to Future-Proof Business

July 25, 2019

From Reuters French energy giant Total (TOTF.PA) will sell about $5 billion of assets, mostly from its exploration and production business as it sharpens its focus on low-breakeven projects that can weather weak oil prices, it said on Thursday. The announcement followed a 19% drop in second-quarter adjusted net profit to $2.9 billion, which it attributed to unfavorable market factors

Equinor Trades Up to Boost Interest in Johan Sverdrup Field

July 8, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Equinor swaps 16% stake in Lundin for $1.5 billion, buys 2.6% stake in Johan Sverdrup field on Norwegian continental shelf for $910 million Norwegian supermajor Equinor ASA (stock ticker: EQNR) has struck a deal with independent E&P Lundin Petroleum (stock ticker: LUPE.ST) to divest its 16% interest in Lundin, which equates

GE Oil & Gas Alum Joins Tech Company as CCO

June 25, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Sergio A. Tuberquia joins Data Gumbo as chief commercial officer Data Gumbo, a blockchain-as-a-service (BaaS) company based in Houston, has tapped Sergio A. Tuberquia for the position of chief commercial officer. The hiring of Tuberquia comes shortly after the company received $6 million in series A funding led by Saudi Aramco

Exxon Initiates New PSA, Seeks to Increase Production from Angola’s Block 15

June 5, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Partnership seeks to redevelop offshore asset ExxonMobil (stock ticker: XOM) has entered into a production sharing agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels in order to further invest in the country’s offshore Block 15. Exxon’s Angola assets as of year end 2018 (source: Exxon 2018 financial

Equinor Snatches GOM Asset from Delek’s Outstretched Hand

May 15, 2019

Expands Caesar Tonga interest By Richard Rostad, analyst, Oil & Gas 360 Equinor (ticker: EQNR), formerly Statoil, announced several moves this week, expanding its offshore activities in both the GOM and North Sea. On Monday Equinor announced it has exercised its option to expand its interest in the Caesar Tonga oil field, a major oil play located in offshore Louisiana.

Norway’s Equinor aims to start oil exploration off Australia in 2020

February 19, 2019

From Reuters Norway’s Equinor SA on Tuesday said it plans to explore for oil in deep waters off the coast of South Australia in late 2020 and released a draft environmental assessment for the project to head off community protests. Equinor, formerly known as Statoil, took full control of two permits in the Great Australian Bight, a body of water

Brexit or Not, Britain’s Oil and Gas Business Is Booming

December 13, 2018

From The Wall Street Journal Norwegian oil giant Equinor AS is doing something few companies have dared to do ahead of the U.K.’s planned exit from the European Union. It’s investing in Britain. The state-backed energy company formerly known as Statoil has an ambitious plan for investments in the U.K.’s oil-rich North Sea. When much of the U.K. economy is on ice, Equinor is hiring

UK Continental Shelf Still Worth Oil Investment Despite Brexit

December 11, 2018

From Reuters Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country’s plans to leave the European Union, a senior executive told Reuters. British Prime Minister Theresa May abruptly decided on Monday to pull a parliamentary vote on the Brexit deal, thrusting UK’s divorce from the EU into chaos, with possible

Drilling Down: Equinor Prepares to Tackle new Eagle Ford Shale Projects

November 30, 2018

From Houston Chronicle Norwegian oil giant Equinor will soon be returning to the Eagle Ford Shale of South Texas for a new round of drilling. The exploration and production company has filed for its first new drilling permits in more than six months, seeking permission from the Railroad Commission of Texas to develop three horizontal wells on its South

Three Natural Gas Distributors Propose Converting 3.7 Million Homes to Hydrogen Heat

November 26, 2018

Three companies want to test out $29 billion pilot project in Northern England by 2028 From ARS Three natural gas distributors issued a report this week detailing plans to convert the UK’s residential gas system to a hydrogen delivery system. UK firms Northern Gas Networks and Cadent, as well as Norwegian gas firm Equinor, wrote that the proposal (PDF) was technically feasible.

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