Equinor, is operator with a 42.6% working interest.
Equinor's current recovery rate for oil stands at 50 percent.
Equinor and Exxon did not immediately respond to a request for comment.
It is still Equinor's assessment that no oil is leaking from the terminal.
Equinor's executives previously said their near-term priority
was to reduce gearing before launching any buybacks.
Equinor and the Johan Sverdrup partners are the first
users in the world of this technology.
Equinor sounds like a princess on a horse in Game of Thrones,"
one Twitter user said.
Equinor holds a 40% operated interest in the Rosebank project,
which it acquired from Chevron in 2018.
The improvement effort throughout the industry has enabled Equinor to sanction projects that previously could not
have been realised.
This acquisition- of one of Europe's largest short-term electricity traders-
supports Equinor's development towards becoming a broad energy company.
By utilizing existing infrastructure, these resources may be recovered at good profitability and
with low CO2 intensity”, Equinor said.
Norway's Equinor, on the other hand, plans to spend up to 15-20%
from its budget on renewables by 2030.
Equinor and partners Shell and Total are working on
front-end engineering and design(FEED)-studies, which should provide more accurate cost estimates.
Equinor is expected to submit a development plan this year,
with parliament making a final decision in 2020 or 2021.
Microsoft will provide expertise to accelerate Equinor's IT development
and establish new data centre regions in Stavanger and in Oslo.
Microsoft will provide expertise to accelerate Equinor's IT development
and establish new data center regions in Stavanger and in Oslo.
Mike Olsen, senior director of government affairs at Norway's Equinor, formerly Statoil, is expected to testify at Tuesday's hearing.
Equinor, formerly known as Statoil, was awarded
five licences and will participate as a non-operating participant in a further two.
Statfjord was discovered by Mobil in 1974, and then Statoil,
now Equinor, took over the operatorship on 1 January 1987.
Equinor said on Oct. 1 it had agreed
to buy Chevron's 40-percent stake in the Rosebank field off the Shetland Islands.
Equinor is a combination of"equi",
the starting point for words like equal, equality and equilibrium, and"nor" for Norway, the company said.
With the start-up of Mariner, we have delivered one of the most complex developments in the North Sea and Equinor's portfolio.
Many people at Mongstad have been involved in
preparing the reception of oil from Johan Sverdrup, including Equinor employees and many suppliers.
The acquisition increases Equinor's interest in the field to 46% percent,
giving it an additional 15,000 barrels of oil equivalents per day(boepd).
Initial tests showed the couplings'
failure rate was too high, Equinor's vice president for major projects, Morten Ruth, told Reuters on Wednesday.
Norwegian oil producer Equinor has started a search for a new chief executive,
the Stavanger Aftenblad newspaper reported on Friday, citing unnamed sources.
Equinor confirmed the start-up delay in a separate statement,
and said the cost increase was based on its assessment of the remaining work.
Equinor(55%, operator)
and partners OMV(25%) and Petoro(20%) will be encouraged by proving further oil in an area where they hold strong acreage positions.”.
Aker BP and its partner in some of the NOAKA fields, state-controlled giant Equinor, are at odds about how to develop them.
The first was installed in late 2013 and early 2014 for Equinor- then Statoil- in
340 meters of water in the Norwegian North Sea.