Equinor, bp Announce Decision to Exit Russia
Both Equinor and bp have announced their decisions to exit and halt work in Russia due to its invasion of Ukraine.
Both Equinor and bp have announced their decisions to exit and halt work in Russia due to its invasion of Ukraine.
Equinor announced that it has been awarded 26 new production licenses by Norway’s Ministry of Petroleum and Energy offered through the 2020 Award in Predefined Areas (APA).
Equinor awarded an engineering, procurement, construction and installation (EPCI) contract to TechnipFMC for Smorbukk Nord development in the Norwegian Sea.
Equinor along side its partner Wellesley announced new oil discovery in the two exploration wells 5/10-7 S and 35/10-7 A located in Troll and Fram area at the Toppand prospect.
Equinor announced that it has signed an agreement with Lundin Energy to continue as the operator of the Barents Sea Wisting field during the operation phase.
Equinor stated that it has reached an agreement with Vermilion Energy to sell its non-operated equity position in the Corrib gas project in Ireland.
Equinor has resumed the full procution capacity of its Sverdrup field which is the largest field in Western Europe, after its haul for 12 hours due to power supply outage.
Equinor has cooperated with several industrial suppliers for several assignments in Wisting field.
Equinor company has signed a strategic partnership with Rosneft company to develop low carbon solutions and reduce carbon footprint through joint projects in Russia.
Equinor company announced that it has started production from the Troll phase 3 project in the North Sea with investments of about NOK 8 billion.