LNG

Norwegian companies Höegh LNG and Aker BP have entered a strategic partnership to develop a carbon transport and storage offering for industrial carbon-dioxide emitters in Northern Europe.

Feb 6 (LNGJ) - Equinor, the Norwegian operator of the Hammerfest LNG plant and a main supplier of pipeline gas to Europe, posted a net loss of $230M versus a profit of $3.37Bln in the same quarter of 2018. For the full year, net income was $1.85Bln, down from $7.54Bln in 2018. “Record high production, reduced costs and continued strong capital discipline contributed to solid results in a quarter with lower commodity prices,” said the company. 

   “The flexibility in the gas fields was used to defer production into periods with higher expected gas prices,” added Equinor. “The Johan Sverdrup field was put in production in October 2019 and is currently producing more than 350.000 barrels per day from eight wells. The field is expected to reach plateau during the summer of 2020,” it added.