Equinor

Equinor to commence third tranche of the 2023 share buy-back programme

Retrieved on: 
Wednesday, July 26, 2023
EEA, State, Disclosure, Oslo Stock Exchange, USD, NYSE, Norwegian State Educational Loan Fund, Security (finance), EQNR, EC, OSE, NOK, Reinsurance, Financial adviser, EU, Equinor

Equinor (OSE: EQNR, NYSE: EQNR) will on 27 July 2023 commence the third tranche of the share buy-back programme for 2023 of around USD 1.67 billion, as announced in relation with the second quarter results on 26 July 2023.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) will on 27 July 2023 commence the third tranche of the share buy-back programme for 2023 of around USD 1.67 billion, as announced in relation with the second quarter results on 26 July 2023.
  • The third tranche of the share buy-back programme for 2023 of around USD 1.67 billion includes shares to be redeemed from the Norwegian State and will end no later than 26 October 2023.
  • The share buy-back programme for 2023 will be structured into tranches where Equinor will buy back shares for a certain value in USD over a defined period.
  • Further information about the share buy-back programme and the third tranche:
    The third tranche of the share buy-back programme for 2023 is based on an authorisation granted to the Board of Directors at the annual general meeting 10 May 2023.

Equinor second quarter 2023

Retrieved on: 
Wednesday, July 26, 2023
Maintenance, Communication, Peregrino, Use, Dogger Bank, Tax, Dogger Bank Wind Farm, MMP, USD, Marketing, Wind, NCS, NYSE, Public expenditure, Midstream, Norwegian State Educational Loan Fund, Investment, Kilowatt-hour, Decarbonisation measures in proposed UK electricity market reform, Engie, EQNR, OSE, NOK, Floral industry, Bank, Holding company, Management, Renewable energy, Petroleum, Equinor

Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) delivered adjusted earnings* of USD 7.54 billion and USD 2.25 billion after tax in the second quarter of 2023.
  • Power production from renewable energy sources was 345 GWh in the quarter, up from 325 GWh for the same quarter last year.
  • Equinor maintains a strong financial position with adjusted net debt to capital employed ratio* at negative 35.1% by the end of the second quarter, from negative 52.3% at the end of the first quarter of 2023.
  • The second tranche of the share buy-back programme for 2023 was completed on 12 July 2023 with a total value of around USD 1.67 billion.

Equinor ASA: Completed share capital reduction in connection with share buy-back

Retrieved on: 
Friday, July 7, 2023
ASA, NYSE, EQNR, NOK, Equinor, Security (finance)

In line with the objective for the share buy-back programme which was executed by Equinor ASA (OSE: EQNR, NYSE: EQNR) in four tranches in the period 16 May 2022 until 20 March 2023, the annual general meeting on 10 May 2023 in Equinor ASA decided that the share capital shall be reduced with NOK 430,913,885 from NOK 7,938,675,397.50 to NOK 7,507,761,512.50, by deletion or redemption of total 172,365,554 shares.

Key Points: 
  • In line with the objective for the share buy-back programme which was executed by Equinor ASA (OSE: EQNR, NYSE: EQNR) in four tranches in the period 16 May 2022 until 20 March 2023, the annual general meeting on 10 May 2023 in Equinor ASA decided that the share capital shall be reduced with NOK 430,913,885 from NOK 7,938,675,397.50 to NOK 7,507,761,512.50, by deletion or redemption of total 172,365,554 shares.
  • The creditor deadline for the capital reduction has expired and the capital reduction was completed in the Company Register Center 27 June 2023.
  • Following completion of the capital reduction the share capital of the company is NOK 7,507,761,512.50 divided into 3,003,104,605 shares.
  • Further information - Investor relations:
    Bård Glad Pedersen, senior vice president Investor relations,

CRI completes 30 M.USD financing round with new investors

Retrieved on: 
Tuesday, June 27, 2023
Carbon, Carbon Recycling International, Hydrogen, Geely, Methanol, CRI, Venture, Knowledge, Methanex, Renewable energy, Equinor

Equinor Ventures is leading a group of new investors joining CRI's shareholder group.

Key Points: 
  • Equinor Ventures is leading a group of new investors joining CRI's shareholder group.
  • Along with Equinor Ventures Gildi, Sjóvá and Lífeyrissjóður Vestmannaeyja have also participated in the investment round.
  • Their experience and knowledge are valuable for CRI as the company enters a scale-up phase to meet the increasing market demand for the technology solutions and services CRI provides.
  • Sigurlína Ingvarsdóttir, Chairman of CRI's board of directors:
    "The 30 M USD investment of Equinor Ventures and the other strong investors joining the shareholder group of CRI is an incredible validation of CRI's technology and market potential.

CRI completes 30 M.USD financing round with new investors

Retrieved on: 
Tuesday, June 27, 2023
Carbon, Carbon Recycling International, Hydrogen, Geely, Methanol, CRI, Multimedia, Venture, Knowledge, Methanex, Renewable energy, Equinor

Equinor Ventures is leading a group of new investors joining CRI's shareholder group.

Key Points: 
  • Equinor Ventures is leading a group of new investors joining CRI's shareholder group.
  • Along with Equinor Ventures Gildi, Sjóvá and Lífeyrissjóður Vestmannaeyja have also participated in the investment round.
  • Their experience and knowledge are valuable for CRI as the company enters a scale-up phase to meet the increasing market demand for the technology solutions and services CRI provides.
  • Sigurlína Ingvarsdóttir, Chairman of CRI's board of directors:
    "The 30 M USD investment of Equinor Ventures and the other strong investors joining the shareholder group of CRI is an incredible validation of CRI's technology and market potential.

New Offshore Wind Innovation Hub Announces First Selections for its Accelerator Program

Retrieved on: 
Monday, June 26, 2023
Professional Services, Sustainability, Alternative Energy, Energy, Environment, Other Manufacturing, Green Technology, Science, Engineering, Environmental, Social and Governance (ESG), Manufacturing, Other Science, Benchmark, BP, NYU Tandon School of Engineering Lynford Lecture Series, GPS, Life, Cohort, International Disability and Development Consortium, Electricity, New York Public Service Commission, Data collection, Disbursement Acceleration Program, Public Service Commission, Innovation Hub, Multimedia, Municipal council, Competitive landscape, Mentorship, Climate Leadership Council, Government, Wind, Creativity, Federal City Council, Traction, City, New York University Tandon School of Engineering, OSW, CLCPA, Virtual reality, Economic development, NYCEDC, New York City Economic Development Corporation, VINCI, Weather, NYSERDA, Climate Leadership and Community Protection Act, OSC, Renewable energy, Equinor

The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.

Key Points: 
  • The Offshore Wind Innovation Hub today announced the first round of start-up companies selected to receive support to develop innovative ideas designed to unleash the potential of offshore wind.
  • View the full release here: https://www.businesswire.com/news/home/20230626305468/en/
    Tone Søndergaard, Director of the Offshore Wind Innovation Hub (Photo: Business Wire)
    Launched in January 2023 to help develop promising start-ups that drive new innovation in the offshore wind industry, the Offshore Wind Innovation Hub is led by Equinor and bp in collaboration with Urban Future Lab at NYU Tandon School of Engineering , and National Offshore Wind R&D Consortium .
  • The Offshore Wind Innovation Hub provides a one-of-a-kind experience for startups to further develop their technologies on the ground as we’re developing America’s offshore wind energy future right here in New York City.
  • We look forward to working with The Offshore Wind Innovation Hub to build a nation-leading ecosystem and more inclusive future for all New Yorkers.”
    “The Offshore Wind Innovation Hub provides a great opportunity for innovators to bring their unique technology advancements into offshore wind.

Cheniere and Equinor Sign Long-Term LNG Sale and Purchase Agreement

Retrieved on: 
Wednesday, June 21, 2023
Energy, Utilities, Oil, Gas, National Environmental Policy Act, Equinor, Sale, Federal Energy Regulatory Commission, SPL, Henry Hub, Natural gas, SPA, NYSE, Renewable energy, LNG

Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Equinor ASA (“Equinor”).

Key Points: 
  • Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) announced today that Cheniere’s subsidiary, Cheniere Marketing, LLC (“Cheniere Marketing”), has entered into a long-term liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with Equinor ASA (“Equinor”).
  • Under the SPA, Equinor has agreed to purchase approximately 1.75 million tonnes per annum (“mtpa”) of LNG from Cheniere Marketing on a free-on-board (“FOB”) basis for a purchase price indexed to the Henry Hub price, plus a fixed liquefaction fee.
  • The term of the SPA is 15 years from the commencement of delivery of the full 1.75 mtpa of LNG volumes.
  • “This SPA underscores Cheniere’s and Equinor’s shared vision of an energy future built upon reliable, flexible, and cleaner energy solutions.

Dynagas LNG Partners LP Reports Results For the Three Months Ended March 31, 2023

Retrieved on: 
Tuesday, June 20, 2023
Aurora, Partnership, Employment, International, Interest, GAAP, Equinor, Oregon Clean Energy Center, ID, Yamal, Public–private partnership, EBITDA, Webcast, Natural gas, Series, QWERTY, PDF, NYSE, Insurance, Cryptocurrency, Bookkeeping, Airline, Broadcasting, LNG, Appendix

Including the effect of the realized gain on our interest rate swap, Adjusted Earnings per common unit for the three months ended March 31, 2023 amounted to $0.25.

Key Points: 
  • Including the effect of the realized gain on our interest rate swap, Adjusted Earnings per common unit for the three months ended March 31, 2023 amounted to $0.25.
  • During both three-month periods ended March 31, 2023 and March 31, 2022, the Partnership’s vessels operated at 100% utilization.
  • Adjusted EBITDA (a non-GAAP financial measure) for the three months ended March 31, 2023 was $23.6 million, as compared to $22.9 million for the corresponding period of 2022.
  • (NYSE: DLNG) is a master limited partnership which owns and operates liquefied natural gas (LNG) carriers employed on multi-year charters.

Election to Equinor's board of directors

Retrieved on: 
Tuesday, June 6, 2023
EQNR, OSE, Equinor, NYSE, Holding company

The election of shareholder-elected members to the board of directors enters into effect from 1 July 2023 and is effective until the ordinary election of shareholder-elected members to the board of directors in 2024.

Key Points: 
  • The election of shareholder-elected members to the board of directors enters into effect from 1 July 2023 and is effective until the ordinary election of shareholder-elected members to the board of directors in 2024.
  • Furthermore, the corporate assembly re-elected Hilde Møllerstad, Per Martin Labråthen and Stig Lægreid as employee-elected members of Equinor’s board of directors.
  • Anita Skaga Myking, Bjørn Palerud and Harald Wesenberg were elected as deputy members for the employee-elected board members.
  • The election of employee-elected members to the board of directors enters into effect from 1 July 2023 and is effective until the ordinary election of employee-elected members to the board of directors in 2025.

Aker BP confirms oil discovery near Yggdrasil

Retrieved on: 
Friday, June 9, 2023
Aker BP, Continental shelf, NPD, Partnership, Norwegian continental shelf, Yggdrasil, Norwegian Petroleum Directorate, Petroleum, Storting, Equinor

FORNEBU, Norway, June 9, 2023 /PRNewswire/ -- Aker BP (OSE: AKRBP) (OTCQX: AKRBF) has successfully completed the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area.

Key Points: 
  • FORNEBU, Norway, June 9, 2023 /PRNewswire/ -- Aker BP (OSE: AKRBP) (OTCQX: AKRBF) has successfully completed the drilling of the Øst Frigg Beta/Epsilon exploration well in the Yggdrasil area.
  • This marks the longest exploration well ever drilled on the Norwegian Continental Shelf and has resulted in a significant oil discovery.
  • The discovery, located in the Yggdrasil area, contributes to increasing the resource base for the ongoing Yggdrasil development by approximately 10 percent.
  • In licence 442, the partnership comprises Aker BP (operator, 87.7 percent interest) and PGNiG Upstream Norway (12.3 percent interest).