$EQNR

The UK government has reportedly approved a North Sea gas project by Shell and Equinor. The project aims to boost domestic energy production. Shell (SHEL) and Equinor (EQNR) are involved in the development.

UK government sources suggest approval of the Jackdaw gas field and Rosebank oil field, operated by Adura (Shell, Equinor, Ithaca), as soon as this month. Adura claims the projects could produce 10% of UK gas and oil, create jobs, and generate £28B in economic value. Environmental groups oppose the plans, citing climate impact. The Department for Energy Security and Net Zero declined to comment.

Equinor and Polenergia's Bałtyk 2 and 3 offshore wind projects, with 1.44 GW capacity, have completed foundation installation. Metlen Energy signed a 10-year PPA with Coca-Cola for a 12 MW Greek solar project. Anesco secured financing for a 69.5 MWp solar and 100 MWh battery portfolio in the UK.

Morgan Stanley increased its price target for Equinor to 376 NOK from 323 NOK, maintaining an equal weight rating. The stock has seen a 5-day change of 398.70 NOK and a year-to-date change of 68.27%.

Equinor's subsidiary East Point Energy launched a 100 MW battery storage project in Texas, adding capacity to the ERCOT grid. The Citrus Flatts Energy Center will operate commercially, earning revenue through market arbitrage and grid services. Equinor plans additional projects in Virginia. Texas is expected to significantly expand its solar and battery storage capacity by 2027, according to the EIA.

Equinor received its first LNG cargo from Cheniere's Sabine Pass facility, under 15-year agreements. The deals will supply 3.5M tons annually, doubling Equinor's LNG portfolio by 2030. Equinor aims to strengthen its global energy supply and market flexibility.

U.S.-Iran strikes and tensions in the Hormuz Strait have pushed Middle Eastern oil benchmarks above $100 per barrel. Global bond yields have surged, with the 10-Year Treasury yield reaching 4.76%, raising concerns about demand destruction. ONEOK acquired Brazos Midstream's assets for $4.4 billion, while Shell, Chevron, Equinor, Energean, and DNO announced significant deals. The Trump administration is rolling back fuel-economy standards, and Texas refiners are preparing for Tropical Storm Edouar

Equinor (EQNR) announced it has bought back 720,516 shares from August 24-28, 2026, at an average price of NOK 388.07. This is part of its 2026 program, raising total buybacks to 3.65M shares, representing 0.76% of its stock.

Equinor announced Finn Bjørn Ruyter will leave its board on September 1 to focus on other roles. Ruyter, who joined in 2019, chairs the Safety, Security, Sustainability, and Ethics committee. In June, Equinor elected Jarle Roth as new board chair, replacing Jon Erik Reinhardsen. Roth has experience in energy transition and listed companies.

Equinor has acquired a 17.4% stake in Namibia's PEL 90, aiming for a significant oil discovery. The company sees potential comparable to finds by TotalEnergies and Galp. This aligns with Equinor's strategy to bolster its exploration portfolio. Namibia's offshore sector is attracting major energy firms, though challenges remain.