Norway’s Utsira Nord plans up to 500 MW of floating wind where seabed is too deep for fixed foundations

Equinor ASA and partners discovered oil and gas near the Oseberg field in the North Sea, with recoverable resources estimated at 19-50 million barrels. The Grimsnes discovery will use existing infrastructure, reducing costs and speeding up development. Equinor aims for production within three years, supporting its strategy to maintain North Sea output through 2035.

Nordea increased its price target for Equinor to 480 NOK from 400 NOK and maintained a buy rating. Equinor's stock has risen 3.52% year-to-date and 82.53% over a longer period.

Equinor ASA (EQNR) rose 4.2% today due to higher crude prices and a new oil and gas discovery near Oseberg. The discovery could be developed quickly using existing infrastructure, improving project economics. Brent crude prices also increased, supporting valuations for integrated producers like Equinor.

Equinor discovered oil and gas in the North Sea, estimating 19-50 million barrels. The find is near the Oseberg field and will use existing infrastructure. Equinor plans to halve costs and time for future projects, aiming for 1.3 million barrels per day by 2035.

Equinor EQNR has abandoned plans to install a second electric compressor on its Troll C platform, avoiding a production drop in 2027-2028. The change, following a project reassessment, will allow for an additional 2.3B cm of gas output during those years, according to the company.

Equinor canceled a compressor upgrade on its Troll C platform, avoiding a 21-month production cut and adding 2.3B scm of gas for Europe in 2027-2028. The move maintains supply but increases emissions. Troll A's max capacity left no buffer for lost output. The decision impacts European gas markets and energy-intensive industries.