Equinor exits all Joint Ventures in Russia
On 27 February 2022, Equinor decided to start the process of exiting the company’s Joint Ventures in Russia.
Since then, Equinor has halted all new investments into Russia, stopped trading oil and gas products from Russia and announced an impairment of USD 1.08 billion on the balance sheet as of 31 March 2022.
Equinor has now transferred its participating interests in four Russian joint ventures to Rosneft and is released from all future commitments and obligations. An agreement to exit the Kharyaga project has also been signed.
The exit from all Joint Ventures has been completed in accordance with Norwegian and EU sanctions legislation related to Russia.
Two rig contracts and a collaboration agreement with Transocean
Equinor, on behalf of several licences, has awarded contracts for the use of Transocean Encourage, mainly in the Norwegian Sea, and Transocean Enabler, for the Johan Castberg field. At the same time, the companies have signed a strategic collaboration agreement.
Equinor presents first integrated annual report
Equinor ASA (OSE: EQNR, NYSE: EQNR) publishes the integrated annual report for 2022, combining financial and sustainability reporting.
Equinor welcomes OKEA as new partner in the Statfjord area
Equinor has entered into an agreement to divest 28% working interest in PL037 (Statfjord area) to OKEA with an effective date 1 January 2023.