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Talos reduces costs, expects positive free cash flow in 2020

Talos reduces costs, expects positive free cash flow in 2020

Talos Energy announced updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses. Company announced updated full year 2020 financial guidance, inclusive of $170.0 million of reductions in capital, operating and G&A expenses. The company will continue to evaluate additional opportunities to further reduce 2020 cost. The...

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Equinor decides against Great Australian Bight exploration

Equinor decides against Great Australian Bight exploration

Equinor ASA has dropped plans for oil drilling deep in the ocean off Australia’s south coast following a sustained campaign. Equinor launches a new climate roadmap aiming to ensure a competitive and resilient business. Equinor reports adjusted earnings of USD 3.55 billion and USD 1.19 billion after tax in the fourth quarter. The environmentalists said...

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Following Repsol’s lead, Equinor includes end use in its climate goals

Following Repsol’s lead, Equinor includes end use in its climate goals

Equinor ASA boosted its targets for reducing emissions just as its oil and gas production hit a record high. Company launches a new climate roadmap aiming to ensure a competitive. For the first time, the Norwegian state-controlled producer set a target for carbon-emissions cuts that also includes the end use of the products it sells....

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Equinor taps Subsea Integration Alliance for Bacalhau FEED project offshore Brazil

Equinor taps Subsea Integration Alliance for Bacalhau FEED project offshore Brazil

Schlumberger announced an award to Subsea Integration Alliance of an exclusive contract by Equinor for the front-end engineering design (FEED). Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger. The contract scope brings together field development planning, project delivery. Equinor has signed an agreement with Eidesvik Offshore...

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Equinor and Shell partner on Vaca Muerta acreage buy

Equinor and Shell partner on Vaca Muerta acreage buy

Equinor and its partner Shell have completed a joint acquisition of the 49% interest held by Schlumberger. Rowan Norway Limited has been awarded a contract for drilling two wells at the Gudrun field. Equinor ASA has acquired 11,020,000 shares in Scatec Solar ASA, corresponding to 9.7 per cent of the shares. The consideration for each...

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Equinor targets near-zero emissions in Norway by 2050

Equinor targets near-zero emissions in Norway by 2050

Equinor has launched new climate ambitions to reduce the absolute greenhouse gas emissions from its operated offshore fields. On 10 December Equinor completed the acquisition of a 50 % interest in the offshore wind development. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. Equinor has signed an agreement...

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Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s Barents Sea ambitions fading as more projects disappoint

Norway’s vision of establishing a new major oil province off its northern tip has suffered another blow. The study found Norway ranks as the 6th most expensive country to buy a tall latte. Norway’s consulting market was expected to cross the €1 billion mark. Norway Prime Minister Erna Solberg believes Norwegian women have been strengthened...

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Equinor to extend Statfjord field life with 100 new wells

Equinor to extend Statfjord field life with 100 new wells

Equinor and its partners in Norway’s Statfjord area have identified and approved plans to extend production from the field towards 2040. Equinor has acquired 6,500,000 shares in Scatec Solar, corresponding to 5.2 percent of the shares. A new business plan will ensure even higher use of resources, extract more value from the field. The shares...

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Equinor hopes for a dry well near Troll, for potential CO₂ storage

Equinor hopes for a dry well near Troll, for potential CO₂ storage

For the first time, an exploration well is being drilled in the North Sea where the objective is not to find oil or gas. New York State governor Andrew M. Cuomo announced Equinor’s Empire Wind. Equinor and Masdar have joined forces with ORE Catapult to share floating offshore wind data. The well is being drilled...

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Equinor retreats from frontier exploration in Norway’s Arctic

Equinor retreats from frontier exploration in Norway’s Arctic

Equinor will reduce its focus on the frontier areas of the Barents Sea in another blow to Norway’s ambition to build a new oil province in its Arctic region. Equinor has signed an agreement to divest to Repsol its 63% interest in. Equinor reports adjusted earnings of USD 2.59 billion and USD 1.08 billion after...

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