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.
Recommendation from Equinor's nomination committee
The nomination committee in Equinor ASA (OSE:EQNR, NYSE:EQNR) recommends that the company's corporate assembly elects Haakon Bruun-Hanssen as new member to Equinor ASA’s board of directors.
Irpa: more gas to Europe and extended life for Aasta Hansteen
On behalf of the Irpa partnership, Equinor has submitted a plan for development and operation (PDO) for the Irpa gas discovery, formerly known as Asterix, to the Norwegian Minister for Petroleum and Energy.
Allocation of shares to certain primary insiders and their close associates in Equinor (OSE: EQNR, NYSE: EQNR) under Equinor’s share saving plan and long-term incentive programme.