Tag: Equinor
Equinor found gas in the Ørn exploration well
Equinor and its partners AkerBP and Wellesley Petroleum have found gas in the Ørn exploration well south-west of the Marulk field in the Norwegian Sea.
New light oil discovery in the Barents Sea
Equinor and partners OMV and Petoro have made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminarily estimated at 20 65 million barrels of oil.
Equinor bought more from Norwegian suppliers in 2018
In 2018 Equinor purchased goods and services worth NOK 141.7 billion (EUR 15,55 billion; 1 Euro = approx 10 NOK) from more than 9000 suppliers globally. The company recently announced that 67% of total purchases, worth NOK 95.2 billion, went to suppliers with a Norwegian billing address.
Breaking even at USD 20 / barrel: the new age of...
In late August, Equinor and the Johan Sverdrup partnership of Lundin Norway, Petoro, Aker BP and Total, submitted their development plan for the second phase of the project to the Norwegian Ministry of Petroleum and Energy. With an increased resource estimate and lower investment costs, the full field development of Johan Sverdrup will contribute to even greater value creation.
Equinor receives approval for Troll phase 3 development
The Ministry of Petroleum and Energy has approved the plan for development and operation (PDO) of the Troll Phase 3 development.
New oil discovery in the Johan Castberg licence
Equinor and partners ENI and Petoro have completed the Skruis exploration well in the Johan Castberg licence. The well confirms a volume of 12-25 million recoverable barrels of oil.
Aker BP acquires Equinor’s King Lear discovery
Aker BP has entered into an agreement with Equinor Energy to acquire its 77.8% interest in the King Lear gas/condensate discovery in the Norwegian North Sea for a cash consideration of USD 250M.
Equinor’s oil discovery doubles at Norne oil reserves
Equinor has, together with partners ENI and Petoro, completed the appraisal well on the Cape Vulture discovery from 2017.
Equinor strengthening subsea collaboration
Equinor is signing collaboration agreements with Aker Solutions and TechnipFMC for subsea equipment and services on the Norwegian continental shelf (NCS) and internationally.
Wood wins contract with Equinor
Wood recently provided technical support for Equinor’s liquefied natural gas (LNG) facility at Melkøya Island, Norway, as part of a new contract secured under an existing master services agreement.
