Norway’s Equinor has become the latest energy company to stem its green growth plans as the backlash against renewables continues.
The Deepsea Atlantic semi-submersible drilling rig will continue serving the Norwegian energy giant Equinor ASA until the end of the second quarter of 2027. Odfjell Drilling Ltd said in a media release that the unit will continue operating under previously agreed terms until the middle of the third quarter of 2026.
Equinor has been awarded stakes in 27 production licences on the Norwegian continental shelf, the company said on Tuesday.Equinor has been awarded stakes in 27 production licences on the Norwegian continental shelf, the company said on Tuesday.
Equinor’s exploration well 31/1-4 in the North Sea has yielded an oil and gas discovery estimated at between 2 million-12 million boe, Equinor announced on Tuesday.
With Equinor’s endorsement, the Incremental Production Decree also aligns with broader strategies to extend the lifecycle of assets and maximize value. Koch added, “The new fiscal terms can work as a catalyst in our strategy to extend the longevity of our production outside Norway, while securing value for decades to come for our partnerships and the Angolan society.”
Nigerian regulators approved the transaction in November after months of delay. It was completed through Project Odinmim, a special purpose vehicle owned by Chappal, at an undisclosed sum.
Norwegian energy company Equinor has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan’s state auctions, two sources said, as it seeks a foothold in the fledgling market.
Norwegian energy company Equinor (EQNR.OL), opens new tab has submitted a bid to develop an offshore wind farm together with other companies in the latest round of Japan’s state auctions, two sources said, as it seeks a foothold in the fledgling market.
The transaction establishes Equinor as the second largest shareholder in Ørsted, after the Danish State, which holds a controlling stake in the company.
Equinor and its partners Petrolia Noco and PGNiG have started drilling the exploration well at Løvmeis prospect in the Norwegian Sea, using Transocean Encourage semi-submersible drilling rig.