Equinor (EQNR NO) intends to increase global petroleum output to 900k BOEPD by 2030. To make an interim investment decision on the Bay du Nord project and has recommenced talks with Tanzania on the LNG project
Newsquawk Staff ·
Equinor (EQNR NO) intends to increase global petroleum output to 900k BOEPD by 2030. To make an interim investment decision on the Bay du Nord project and has recommenced talks with Tanzania on the LNG project.
What it means
Equinor's intention to ramp up petroleum output signals a strategic commitment to growth in energy production, which could affect market dynamics, particularly in the oil and gas sector. Their focus on projects like Bay du Nord and the Tanzanian LNG discussions points to potential opportunities for partnering and investment, reflecting broader trends in energy transition and supply developments. This could have implications for oil prices and regional LNG markets, influencing investor sentiment in both sectors.
- Dutch PM says no European ally is willing to buy Russian crude
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- US Energy Secretary Wright says the suspension of sanctions on Russia is temporary; US is ramping up LNG exports
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects
- Qatar extends force majeure on LNG cargoes to Italy's Edison (EDNR IM) until the end of December, Reuters reports
Related headlines
- TTF rises to EUR 100/MWh for the first time since December 20221 hour ago
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax1 hour ago
- US White House says the oil agreement with Venezuela will deliver a total of 65bln barrels2 hours ago
- Syria and Iraq discuss exporting Iraqi oil via the Baniyas pipeline2 hours ago
- UAE’s Sharjah temporarily closes all its beaches as a precautionary measure after an oil spill, according to a statement3 hours ago
- Equinor (EQNR NO) CFO says must be prepared for some demand destruction in Europe due to high gas prices; production from the Johan Sverdrup field is down 11% to date and it expects a larger decline next year4 hours ago
- Black Sea CPC oil exports to decline 2% M/M in November, sources report4 hours ago
- Russian Deputy PM Novak says they are open to work with US partners on energy, but there are no current discussions around a return to specific projects4 hours ago
- The European Parliament’s environment committee will vote on reforms to the EU Emissions Trading System (EU ETS) on 1st December 20265 hours ago
- US Transportation Secretary Duffy is to announce approval of a license application for an USD 8.2bln deepwater LNG export port at Port Houston during a visit to Texas on Wednesday, Punchbowl reports6 hours ago
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield6 hours ago
- A drone strikes an oil pipeline in Sudan’s Red Sea State, causing damage and an oil leak, Al Hadath reports, citing its correspondent7 hours ago
- Vietnam's government is considering cutting special consumption tax on gasoline to zero14 hours ago
- US President Trump says he is terminating Biden's methane regulations14 hours ago
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln18 hours ago