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equinor

Leading energy companies announce Transition Principles

2 mins read

The FINANCIAL --According to Royal Dutch Shell eight leading energy companies have jointly developed and agreed Principles as a collaborative platform for energy transition. Joint collaborative approach welcomed by investors leading engagement with companies across sector through Climate Action 100+. Principles support collective industry acceleration to contribute to the Paris Agreement objectives by delivering progress on reducing GHG emissions, the role of carbon sinks, and the importance of transparency and alignment on climate change with trade associations. Companies are building further on this collaboration to drive more consistency and transparency in Greenhouse Gas reporting, and in measurement of the emissions which may occur at…

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Leading energy companies announce Transition Principles

2 mins read

The FINANCIAL --According to Royal Dutch Shell eight leading energy companies have jointly developed and agreed Principles as a collaborative platform for energy transition. Joint collaborative approach welcomed by investors leading engagement with companies across sector through Climate Action 100+. Principles support collective industry acceleration to contribute to the Paris Agreement objectives by delivering progress on reducing GHG…

Panasonic, Equinor and Hydro to explore potential for European battery business

2 mins read

The FINANCIAL — Leading technology company Panasonic, energy company Equinor and industrial group Hydro have signed a Memorandum of Understanding (MoU) to form a strategic partnership to explore possibilities for establishing a sustainable and cost-competitive European battery business. The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe…

Equinor plans to become net zero energy company by 2050

2 mins read

The FINANCIAL — Equinor today announces its ambition to become a net-zero energy company by 2050. The ambition includes emissions from production and final consumption of energy. It sets a clear strategic direction and demonstrates Equinor’s continued commitment to long-term value creation in support of the Paris Agreement. “Equinor is committed to being a leader…

BP Canada and Equinor made oil discoveries offshore Newfoundland, Canada

1 min read

The FINANCIAL — Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada. The two wells at the Cappahayden and Cambriol prospects, drilled this summer in the Flemish Pass Basin, have proven the presence of hydrocarbons; however, it is too early to provide specific information on volumes. “We are pleased to have made two discoveries offshore…

bp, Shell, Total, and other leading energy companies formed new partnership – NEP

2 mins read

The FINANCIAL — bp, Eni, Equinor, National Grid, Shell and Total today confirmed they have formed ‎a new partnership, the Northern Endurance Partnership (NEP), to develop offshore carbon dioxide ‎‎(CO2) transport and storage infrastructure in the UK North Sea, with bp as operator. This ‎infrastructure will serve the proposed Net Zero Teesside (NZT) and Zero…

Equinor says Hammerfest LNG plant will be shut for up to 12 months

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The FINANCIAL — Surveys of the damage after the fire at Hammerfest LNG on 28 September indicates that the LNG plant will be closed for up to 12 months for repairs. In addition to damage caused by the fire on the air intake on one of the plant’s five power turbines, large amounts of seawater…

Equinor CFO resigns

1 min read

The FINANCIAL — Executive vice president and chief financial officer (CFO) Lars Christian Bacher resigns from his position at Equinor ASA (OSE: EQNR, NYSE: EQNR) with effect from 1 November 2020. Bacher will remain employed with the company until 31 May 2021. Svein Skeie has from the same date been appointed acting executive vice president…

Equinor is preparing the onshore facilities for the Northern Lights CCS project

1 min read

The FINANCIAL — In connection with the Northern Lights project, Equinor has signed a contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal. Equinor will also sign a lease agreement with CCB Kollsnes for the area for the temporary project office. “Today we move parts of…

The Northern Lights project to disclose its data

1 min read

The FINANCIAL — Equinor is developing the Northern Lights project with Shell and Total as equal partners. Willing to share knowledge in a transparent manner the Northern Lights projects partners have decided to give open access to 31/5-7 Eos well data and make such data available for download. “The Northern Lights project believes data sharing…

Equinor announced partnership with Microsoft

2 mins read

The FINANCIAL — Equinor has signed a Memorandum of Understanding (MoU) with Microsoft to explore ways to support the Northern Lights carbon capture and storage (CCS) project as a technology partner. Microsoft will explore using the project to enable the transportation and storage of captured CO2 . Equinor is developing the project together with Shell and…