Equinor | Oil & Gas Feed

Equinor has closed transactions exiting the upstream businesses in Azerbaijan and Nigeria, with a total estimated consideration of up to $2 billion. Report informs citing the company that after more than 30 years as a business partner in Azerbaijan and Nigeria, transactions leading to Equinor exiting the countries have now been closed on November 29 and […]

India’s state-owned ONGC Videsh Limited (OVL) has completed the acquisition of a 0.615% stake in Azerbaijan’s flagship oil project, the Azeri-Chirag-Guneshli (ACG) field, from Norway’s Equinor, Trend reports. As part of the deal, OVL’s subsidiary, ONGC BTC, also acquired a 0.737% interest in the Baku-Tbilisi-Ceyhan (BTC) pipeline, a strategic export route for Caspian crude, the company said. […]

Norwegian Equinor plans to close the deal to sell SOCAR (State Oil Company of Azerbaijan) its assets in Azerbaijan in 2024. “The transaction is expected to close during 2024,” Equinor said in its fourth-quarter 2023 report. In the fourth quarter, Equinor recognised net impairments of USD 328 million, mainly related to the announced sale of […]

Petroleum refining company Equinor and Azerbaijan's state oil company SOCAR have signed an agreement whereby Equinor will divest all its remaining assets in Azerbaijan to SOCAR.

Equinor has supplied 2,000 tons of methanol to Ukrgasvydobuvannya, a subsidiary of the Ukrainian state-owned energy company, Naftogaz Group.

Naftogaz CEO Oleksiy Chernyshov met with Anders Opedal, president and CEO of Norway's largest oil and gas company, Equinor to strengthen strategic partnerships and purchase additional gas needed for Ukraine to pass the winter heating season.

The Norwegian company Equinor intends to invest 50% of its income in renewables, Stig Atland, Azerbaijan country manager of Equinor, said at a conference within...

Equinor has published its first Energy transition plan, which will be submitted for an advisory vote by shareholders at the company’s 2022 Annual General Meeting...