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Equinor upbeat about investor interest in US offshore wind farm

Norway's Equinor is confident of finding an investor for its planned Empire Wind 1 offshore wind farm in New York after a new power off-take agreement improved the project's economics, the company said on Thursday. New York State authorities in February awarded the project a new conditional power purchase contract, replacing a previous deal that was no longer competitive due to rising construction costs, higher interest rates and supply chain snags. Equinor was glad to have received the new contract, which significantly changed the economics of the project, CFO Torgrim Reitan told analysts during an earnings call on Thursday. ....

New York , United States , Terje Solsvik , Nora Buli , Torgrim Reitan , Empire Wind , York State , Offshore Wind Farm , Torgrim Reitan , New York ,

Equinor first-quarter profit down 37% on lower gas prices

Equinor posted a sharp fall in first-quarter profit on Thursday, hit by tumbling natural gas prices in Europe, though strong energy trading and rising output limited the decline. ....

Trinidad And Tobago , United States , Nerijus Adomaitis , Terje Solsvik , Nora Buliediting , David Goodman , Biraj Borkhataria , Anders Opedal , National Gas Company Of Trinidad , Suncor Energy British North Sea , Tobago Limited , National Gas Company , Suncor Energy , British North Sea , Oil And Gas Producer , Front Month Gas Contract , Decades Long Energy Ties , North Sea , Natural Gas , Oil And Gas Output , Energy Trading , Natural Gas Prices , Oil And Gas Assets , 2022 00 ,

Equinor Beats Q1 Earnings Expectations as Oil and Gas Output Jumps

Equinor reported consensus-beating earnings for the first quarter of 2024 on the back of higher production in Norway and rising oil prices ....

United Kingdom , Tsvetana Paraskova , Johan Sverdrup , Anders Opedal , Crude Oil , Natural Gas , Soil Major ,

Gas pipeline study to cost Uganda, Tanzania Shs5.6b

The two countries are planning to develop both gas and finished products pipelines ....

President Museveni , Col Fred Mwesigye , Uganda Police , President Museveni 39 , Samia Suluhu Hassan , Liquefied Natural Gas , Pavilion Energy , Ophir Energy ,

Equinor extends Norwegian offshore drilling contract for Shelf Drilling jack-up rig for $81 million

A subsidiary of Shelf Drilling (North Sea), Ltd. has secured a contract extension for the Shelf Drilling Barsk jack-up rig with Equinor for operations at the Gudrun field in the Norwegian Continental Shelf. ....

North Sea , Oceans General , David Mullen , Shelf Drilling North Sea Ltd , Shelf Drilling , Shelf Drilling Barsk , Norwegian Continental , Sleipner Vest , Chief Executive Officer , Jack Up ,