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Equinor invests in new platform in Azerbaijan
 

Equinor invests in new platform in Azerbaijan

Equinor and eight partners in the offshore Azeri Chirag Gunashli (ACG) oilfield in the Caspian Sea have made a USD 6 billion investment decision to bu...

Natural gas contributes to the low carbon future
 

Natural gas contributes to the low carbon future

Equinor sold natural gas for around USD 26 billion in total in 2018, an increase of 29 percent from 2017. As more countries prepare for the energy tra...

Equinor bought more from Norwegian suppliers in 2018
 

Equinor bought more from Norwegian suppliers in 2018

In 2018 Equinor purchased goods and services worth NOK 141,7 billion from more than 9000 suppliers globally. NOK 95,2 billion of this went to supplier...

Equinor fourth quarter 2018 and year end results
 

Equinor fourth quarter 2018 and year end results

Equinor reports adjusted earnings of USD 4.4 billion and USD 1.5 billion after tax in the fourth quarter of 2018. IFRS net operating income was USD 6....

BP plans for significant growth in deepwater Gulf of Mexico
 

BP plans for significant growth in deepwater Gulf of Mexico

Appoval of major expansion at Atlantis field supports strategy of growing advantaged oil production around existing production hubs. Recent BP break...

Attractive refinancing of the Dudgeon wind farm
 

Attractive refinancing of the Dudgeon wind farm

The owners of the Dudgeon wind farm, Equinor, Masdar and China Resources Group, have signed a hybrid refinancing of GBP 1.4 billion. The refinancing i...

Green light to uniquely profitable project
 

Green light to uniquely profitable project

The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development. Capital expenditures...

GE signs Principles of Cooperation to support the government’s vision in building Iraq’s energy sector and revitalizing the economy
 

GE signs Principles of Cooperation to support the government’s vision in building Iraq’s energy sector and revitalizing the economy

GE’s action plan expected to add up to 14 GW of power, create up to 65,000 jobs, realize annual savings of up to $3 billion, establish a local t...

Iran Eyes 1 bcm Gas Supply by 2021
 

Iran Eyes 1 bcm Gas Supply by 2021

TEHRAN (Shana) -- A senior Iranian gas official said the country was planning to bring its natural gas production capacity to a billion cubic meters p...

Estimated investments reduced by NOK 30 billion for projects in the implementation phase
 

Estimated investments reduced by NOK 30 billion for projects in the implementation phase

Equinor has reduced the estimated investments for operated projects in the development phase on the Norwegian continental shelf by some NOK 30 billion...

Completion of Pipeline Project ahead of Schedule Saves Iran Rls. 1,700b
 

Completion of Pipeline Project ahead of Schedule Saves Iran Rls. 1,700b

TEHRAN (Shana) -- The CEO of Gas Engineering and Development Company said completion of Sarbisheh-Nehbandan gas pipeline project ahead of schedule sav...

Iran Eyes Enhanced Gas Output by January 2019
 

Iran Eyes Enhanced Gas Output by January 2019

TEHRAN (Shana) -- Iran is expecting addition of 3 billion cubic feet of natural gas added to its daily production capacity by launching new South Pars...

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