More gas for 30-year-old Troll A

Equinor and partners (Shell, TotalEnergies, ConocoPhillips, Petoro) started gas production from Troll Phase 3 stage 2 in the North Sea, accelerating output by 55 billion cubic meters. The project, completed under budget and ahead of schedule, supports European gas supplies and Norwegian jobs. Troll accounts for 10% of Europe's gas demand and 40% of Norway's reserves.

Equinor and ORLEN signed a 3-year crude oil supply agreement for 5-9 million tonnes annually from the Johan Sverdrup field. The deal strengthens their energy partnership and secures supply for ORLEN's refineries in Poland, Lithuania, and the Czech Republic, according to both companies.

Equinor will buy an 87.71% stake in the 1,483 MW Lackawanna Energy Centre gas plant in Pennsylvania for $940M. The deal aligns with its strategy to expand in the PJM market, the largest US wholesale electricity market. Invenergy retains the remaining shares and will operate the plant. The plant is one of the largest and most efficient in the PJM market, benefiting from proximity to Equinor's Appalachian gas assets.

Equinor ASA is advancing the Bay du Nord oil project off Newfoundland's coast, submitting a development plan and acquiring BP's 37% stake. The $14B project, with production starting in 2031, could boost Newfoundland's economy, which faces a growing deficit. Equinor aims for a final investment decision by early 2027, with government support for environmental and economic benefits.

Equinor and ORLEN signed a 3-year deal for 5-9M tonnes/year of Norwegian crude, starting September. Johan Sverdrup field supplies, with potential for 25% of ORLEN's oil needs. The agreement supports Europe's energy diversification.

Equinor has agreed to supply 5-9M tonnes of crude oil annually to ORLEN from the Johan Sverdrup field for three years. The deal may extend to other Norwegian crude grades. Both companies highlight the agreement's role in European energy security.