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Media: Offshore carriers ditch Equinor contracts

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.

Equinor employees have lost confidence in safety authority

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.

Equinor presents biggest profit in four years

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.

Equinor earns USD 4.3 billion on operations in Q2

Equinor has booked adjusted earnings of USD 4.3 billion in the second quarter. The result is the best since 2014 according to Norwegian media E24, however it is lower than analyst expectations. The company has made a sizeable impairment in the US. Updated 14:06 CET.

Statoil to pay large fine in rig dispute

Statoil did not have the right to terminate a drilling rig contract prematurely, a court has ruled. Now the Norwegian oil major must pay a large fine to the Chinese company, reports Dagens Næringsliv.

Statoil will change its name to Equinor

After 50 years as Statoil, the Norwegian oil major is now changing its name. The new name – Equinor – will be approved at a general assembly in May. The state as majority stakeholder has already approved the name.

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