Equinor ASA (EQNR) Quote

"Equinor Fights NIMBY Feelings in New York Battery Storage Project"

https://oilprice.com/Energy/Energy-General/Equinor-Fights-NIMBY-Feelings-in-New-York-Battery-Storage-Project.html

"SLB OneSubsea and Subsea7 Sign Long-Term Strategic Collaboration Agreement with Equinor; Commence Work on Wisting and Bay Du Nord Projects"

"Norway’s Oil Demand Hasn’t Crashed Despite Record EV Market Share"

https://oilprice.com/Latest-Energy-News/World-News/Norways-Oil-Demand-Hasnt-Crashed-Despite-Record-EV-Market-Share.html

"Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps"

https://oilprice.com/Latest-Energy-News/World-News/Equinor-Beats-Q1-Earnings-Expectations-as-Oil-and-Gas-Output-Jumps.html

"North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals"

https://oilprice.com/Energy/Crude-Oil/North-Sea-Oil-and-Gas-Firms-Continue-Drilling-Despite-Climate-Goals.html

"Brent Breaks Above $91 as Bullish Sentiment Builds"
https://oilprice.com/Energy/Energy-General/Brent-Breaks-Above-91-as-Bullish-Sentiment-Builds.html

"Norway’s Energy Major Equinor Starts Up Solar Plant in Brazil"
https://oilprice.com/Latest-Energy-News/World-News/Norways-Energy-Major-Equinor-Starts-Up-Solar-Plant-in-Brazil.html

"Norway’s Natural Gas Production Hits Record High"

https://oilprice.com/Latest-Energy-News/World-News/Norways-Natural-Gas-Production-Hits-Record-High.html

"Producers Bet on Norway’s Arctic to Find More Natural Gas"

https://oilprice.com/Latest-Energy-News/World-News/Producers-Bet-on-Norways-Arctic-to-Find-More-Natural-Gas.html

"Ships Warned Of Increased Iranian Threat Near Strait Of Hormuz"

"The Persian Gulf exports approximately 18.2 million barrels of oil per day; approximately 17 million barrels per day transit through the Strait of Hormuz in tankers. Additionally, over 3.5 billion cubic feet of natural gas, approximately 18 percent of world shipments, travel through the Strait via LNG tankers."

Equinor Makes Oil and Gas Discovery in North Sea
April 11 2022 - 03:35AM
Dow Jones News

Norwegian energy group Equinor ASA said Monday that it has made an oil and gas discovery close to the Troll and Fram fields in the North Sea.

As the operator of production license 293 B Equinor said, based on preliminary estimates, the size of the discovery is between 4 million and 8 million standard cubic meters of recoverable oil equivalent, or 25 million-50 million barrels of recoverable oil equivalent.

Temporarily called Kveikje, this is the sixth discovery in this area since the fall of 2019. Over 300 million barrels of oil equivalent were proven in the five former discoveries, it said.

"As we did with the other discoveries in this area, we will consider tying this discovery to the Troll B or C platform," Lill H. Brusdal, Equinor's vice president for the Troll area, said.

"By utilising the existing infrastructure, we will be able to recover these volumes at a low cost and with low emissions."

Equinor plans to drill another exploration well in the area this year, the company said.

The owners of license 293 B include Equinor with a 51% stake, DNO ASA with 29%, Idemitsu Kosan Co. with 10%, and Longboat Energy PLC with 10%.

April 8 closed at $39.00 up from $33.22 on March 8. That's 13.4% in a month.

Up about 10% in the past week. I guess I can live with that rate of return.

With 67% of shares owned by the Govt of Norway, I would suspect that this stock is going to be a bit more stable in tradiing value than some of the "Wild West" issues.

So its up 5%, thus far today. Not only does this look like a good long-term hold, but there is also the possibility of swing trading it.

Been watching this one during the wartime emergency. Thus far, I like what I have been seeing it do relative to the rest of the market. But then, as an ignorant old fool, what do I know about it, anyway.

This is a remarkably quiet board for an energy stock at this juncture.

Equinor reports surprise Q2 profit, boosted by big trading gains

Jul. 24, 2020 10:14 AM ET|About: Equinor ASA (EQNR)|By: Carl Surran, SA News Editor

Equinor (EQNR +3.2%) shoots higher after posting an unexpected Q2 profit and maintaining its $0.09/share quarterly dividend.
The Norwegian company reported adjusted net income of $646M, down from $1.13B a year ago but far better than an expected $250M loss, as the marketing division delivered record high results in the quarter, and the company also benefited from a tax refund.
Equinor also set itself apart from European competitors by not lowering its long-term crude oil price forecasts, thus avoiding huge impairments

Q2 adjusted earnings in the marketing, midstream and processing division totaled $696M vs. just $74M a year ago, compensating for losses in the international and U.S. units, but analysts caution the strong trading performance was a one-off.

The current "fragile and challenging situation in the markets" could last "for quite some time," and demand will pick up eventually but it is "highly uncertain" how and when, Equinor CEO Eldar Saetre tells Bloomberg.

https://www.equinor.com/en.html

Equinor gets OK for world's first floating wind-powered offshore oil project

Apr. 8, 2020 By: Carl Surran, SA News Editor

Equinor (EQNR +3.4%) says Norwegian authorities approved its NOK4.8B ($466M) plan for the development and operation of Hywind Tampen offshore wind farm project in the North Sea.

Equinor says five platforms at Norway's Snorre and Gullfaks fields will be the first in the world to receive power from a floating wind park.

The 88 MW capacity project would be able to meet 35% of the electricity needs of the five platforms and reduce CO2 emissions by ~200K metric tons/year when it starts operations in 2022, the company says.

The long-planned project will move forward despite Equinor's recent decision to cut 2020 capital spending to $8.5B from an original $10B-$11B spending plan after oil prices plunged.

$EQNR been bullish for over a week now!