Equinor sees big potential in Namibia’s PEL 90

Equinor and partners discovered 50 million barrels of oil equivalent in the North Sea. The find may extend infrastructure life and add production. Equinor aims to maintain 1.3 million BOE per day through 2035, with 70% from new developments. No costs or production volumes were disclosed.

Equinor (EQNR) co-leads a $42B LNG project in Tanzania with Shell, targeting 47.1 Tcf gas. Separately, EQNR and partners discovered 19–50M boe in North Sea Grimsnes, with potential FID next summer and production in ~3 years, according to Reuters.

Tanzania's finance minister said the country expects to finalize a $42 billion LNG project led by Equinor and Shell, with other partners including ExxonMobil. The project aims to develop 47.13 trillion cubic feet of natural gas reserves, with most for export and some for domestic use. The agreement was initially expected to be signed by June but is now nearly finalized.

Tanzania is finalizing a $42 billion LNG project led by Equinor and Shell, with ExxonMobil and others involved. The project aims to unlock 47.13 trillion cubic feet of gas, with most for export. The government seeks to double electricity capacity by 2030, balancing industrial growth and climate goals. Financial terms and revenue distribution will impact Tanzania's public finances and energy security.

Equinor and Eneco signed a 5-year deal for 9 TWh of low-emission Norwegian gas annually, starting in 2026. The gas has a 11.8% lower greenhouse gas footprint than the Dutch grid average, according to Equinor. This is their third long-term agreement this year, with verified environmental attributes transferred via the Attributes platform.

Equinor has signed a 5-year gas supply deal with Eneco, supplying 9 TWh annually from 2026. This is their third agreement this year, with prior deals in February and May. The gas has an 11.8% lower GHG footprint than the Dutch grid average, supporting Eneco's emissions reduction goals. Equinor expands its European gas sales portfolio.