Equinor completes the 10 percent stake of Ørsted
Equinor has completed the acquisition of 10 percent of the shareholding in Ørsted A/S (“Ørsted”) as announced on 7 October 2024.
Following approvals under applicable Foreign Direct Investment regulations, Equinor has acquired an additional 0.2 percent shareholding (corresponding to 840,764 shares) in Ørsted.
The volume weighted average price for the 10 percent stake is DKK 398.5 per share equaling a total consideration of USD 2.3bn based on a USD/DKK exchange rate of 7.15.
Latest news
Empire receives stop work order from US Department of the Interior’s Bureau of Ocean Energy Management
Empire Offshore Wind LLC (Empire) is complying with the notice received from the Bureau of Ocean Energy Management (BOEM) on 22 December, ordering the suspension of ongoing activities on the Outer Continental Shelf citing national security concerns.
Status update for the Snøhvit Future project
Estimates for progress and costs for the Snøhvit Future project have been updated. The project has been postponed compared to the original plan and cost estimates have increased by approximately NOK four billion since 2024.
Equinor contests penalty notice from Økokrim
In May 2021, Equinor Refining Norway AS (“Equinor Mongstad”) was charged with violations of the Pollution Control Act. The case concerns historical matters related to emissions and discharges that the company itself has uncovered, investigated, and improved.