Equinor reports adjusted earnings of USD 0.78 billion and USD 0.27 billion after tax in the third quarter of 2020. IFRS net operating income was negative USD 2.02 billion and the IFRS net income was negative USD 2.12 billion, following net impairments of USD 2.93 billion mainly due to reduced future price assumptions.
Equinor (60%), and its partner BP Canada (40%), have made two oil discoveries offshore Newfoundland, Canada.
Key information relating to the cash dividend to be paid by Equinor for third quarter 2020.
Surveys of the damage after the fire at Hammerfest LNG on 28 September indicates that the LNG plant will be closed for up to 12 months for repairs.
Executive vice president and chief financial officer (CFO) Lars Christian Bacher resigns from his position at Equinor ASA with effect from 1 November 2020. Bacher will remain employed with the company until 31 May 2021.
In connection with the Northern Lights project, Equinor has signed a contract with Skanska for building site preparation and the construction of jetty facilities for the CO2 receiving terminal.
The shares purchased by DNB on behalf of Equinor on 15 October 2020 for use in the group's share saving plan have on 20 October 2020 been distributed to the employees in accordance with their savings amount.
The Northern Lights project will disclose datasets from the confirmation well 31/5-7 Eos drilled in the North Sea and completed earlier this year.
On behalf of Equinor, DNB has on 15 October 2020 purchased 829,729 shares for use in the group's Share saving plan.
Equinor has signed a Memorandum of Understanding with Microsoft to explore ways to support the Northern Lights carbon capture and storage project as a technology partner.
In June, the Board of Directors in Equinor ASA initiated a review of the company’s US investments, with a particular focus on the onshore business. The review team has now presented their report to the board.
A group of the world’s largest companies with shipping activity will for the first time assess and disclose the climate alignment of their shipping activities.
If the ongoing strike on the Norwegian continental shelf continues until 14 October, the Johan Sverdrup field in the North Sea will have to close production until further notice.
Equinor, together with eleven other companies and organisations, has submitted a joint proposal to create a low carbon cluster in the Humber, the UK’s largest and most carbon-intensive industrial region.
The Covid-19 pandemic and weakened Norwegian krone have negatively impacted some of our projects, but the combined project portfolio is still very resilient.