Leading energy companies announce Transition Principles

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…

6 mins read

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

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…

4 mins read

Equinor plans to become net zero energy company by 2050

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…

5 mins read

BP Canada and Equinor made oil discoveries offshore Newfoundland, Canada

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…

2 mins read

Equinor CFO resigns

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.…

3 mins read

The Northern Lights project to disclose its data

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…

2 mins read

Equinor announced partnership with Microsoft

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…

4 mins read