LNG

Norwegian Minister of Petroleum and Energy Marte Mjøs Persen has formally opened the Martin Ling oil and natural gas field in the North Sea and because of high commodity prices full development costs of $7 billion project will be fully recovered in just over a year.

Equinor, the Norwegian oil and natural gas company and operator of the currently closed Hammerfest LNG export plant, reported second-quarter net income of $1.94 billion after a previous loss, helped by higher price and progress in the projects portfolio.