Major North Sea oil player Lundin Petroleum is hit by increased expenses in its first half-year result, but looks forward to giant oil field Johan Sverdrup opening in a few months, according to its interim report.
Equinor divests its ownership stake in Lundin Petroleum. In exchange, the Norwegian company gets a larger portion of the major Johan Sverdrup field. A rumored trade with billionaire Kjell Inge Røkke falls flat.
Oil company Equinor's chief executive, Eldar Sætre, eyes an oil market where trade disputes trigger large fluctuations in the oil price. The CEO is looking forward to the outcome of OPEC meeting, reports E24.
Equinor intends to step up employment of skilled workers this year, according to offshore media Sysla. At the same time, the Norwegian oil company needs to find 60 new staff-support employees for the Njord field.
Oil major Equinor pledges to test how all its large current and future investments fit with the goals set out in the Paris climate accord. This could help change the strategy, says the company's management.
Equinor pays so little to offshore shipping companies that some of them prefer to have their ships berthed rather than working for the partially state-owned oil company, says the industry. The matter is now being addressed politically in Norway.
Oil major Equinor's employee union Safe calls for the Petroleum Safety Authority Norway's Director General, Anne Myhrvold, to step down when her term ends this spring, reports Dagens Næringsliv. The call comes after Norway's public auditor has criticized the authority.
In part due to recent years' cost-cutting efforts, the company formerly known as Statoil has doubled its result. The cost focus will continue, says the CEO, who has reduced this year's expected capital expenditure by billions.
For the second time within a few days, Norwegian firm Equinor has divested of its ownership share on the Norwegian shelf. This time, the sale price is USD 220 million and the buyer is a Polish oil and gas company.