Hormuz disruptions spur Equinor return to Tanzania LNG project
Norway’s state energy company Equinor is considering reviving the long-stalled Tanzania LNG project with Shell, as disruption to shipments through the Strait of Hormuz could continue into the fourth quarter of this year, or possibly extend to 2027.
Norway adamant to drill in Barents Sea to sustain production
Norway's energy minister Terje Aasland has insisted on the country’s sovereign rights to drill in the Barents Sea to sustain oil and LNG exports at current levels until 2035, even though the EU is debating a moratorium.
Equinor flags EU gas shortfall risk
Equinor has warned Europe could face a critical gas stock shortfall if disruption to shipping through the Strait of Hormuz lasts one to three months, as low inventories and distorted prices slow replacement flows. CEO Anders Opedal said Norway has “no spare oil and gas capacity,” as tighter market increase buying interest in Equinor’s own exports, notably LNG.
Equinor delivers first LNG cargo to India’s Deepak Fertilisers
Norway’s Equinor has delivered its first LNG cargo India's Deepak Fertilisers and Petrochemicals Corp. (DFPCL), marking the start of a 15-year supply agreement that will deliver 9.75 million tonnes of LNG to support ammonia and fertilizer production.
Tanzania works towards signing $42bn LNG deal before June
Tanzania is working towards signing a $42 billion LNG project agreement before June, with first production envisaged in eight years, Planning and Investment Minister Aida Mkumbo said during a London briefing. The project targets 47 Tcf of offshore reserves in Blocks 1, 2, and 4 off Lindi in southern Tanzania, with a view to developing a 10 mtpa LNG export terminal.
Deutsche ReGas enters term commitments with BASF and Equinor
Deutsche ReGas, the only privately-financed LNG terminal operator in Germany, has entered agreements with BASF and Equinor for the utilisation of LNG regas capacity at Deutsche Ostsee Energie-Terminal in Mukran. Though commercial terms were not disclosed, the agreements highlight the role of the Mukran terminal in diversified energy supply.
Main supplier of pipeline gas to Europe Equinor posts rise in net profits as new fields come on stream
Norway’s Equinor, the LNG exporter and main supplier of pipeline natural gas to Europe, posted a slight rise in second-quarter net income as new fields came on stream on the Norwegian Continental Shelf amid continued high grading of the company’s oil and gas portfolio.
Norway’s Equinor outlines plans for more European natural gas supplies from NCS existing infrastructure
Equinor, the Norwegian energy major, LNG plant owner and pipeline natural gas supplier to Europe, is increasing gas output on the Norwegian Continental Shelf with a gas field joint venture.
Leading European pipeline natural gas and LNG supplier Equinor plans to add CO2 storage to leadership role
Equinor of Norway, the main supplier of pipeline natural gas to Europe and an LNG exporter, has been awarded two more licences for carbon-dioxide storage facilities on the Norwegian Continental Shelf.
Equinor gas spending
May 24 (LNGJ) - Equinor, the Norwegian LNG and pipeline natural gas supplier to Europe, said it was investing 12 billion crowns ($1.12Bln) to further develop the infrastructure underpinning the Troll West gas province on the Norwegian Continental Shelf.
“This project will secure high gas production from the Troll field. The partnership’s decision is important in order for us to fully utilise the capacity of existing infrastructure. We've chosen to use solid, familiar suppliers, most of whom already have framework agreements with us,” said Geir Tungesvik, Equinor's executive vice president for Projects, Drilling and Procurement. The new infrastructure will accelerate production from the reservoir equivalent to about 55 billion standard cubic metres of natural gas.
