Equinor US news

Revitalized SBMT will support Equinor’s Empire Wind 1 as offshore wind era advances in New York

Equinor today announced the execution of the Purchase and Sale Agreement (PSA) with the New York State Energy Research and Development Authority (NYSERDA) for the renewable power generated by the Empire Wind 1 offshore wind project.

Equinor has entered into an agreement with Standard Lithium Ltd to acquire a 45% share in two lithium project companies in Southwest Arkansas and East Texas.

Equinor and EQT Corporation have agreed to swap Equinor’s operated position in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interest in the Northern Marcellus formation.

Two inaugural projects in Texas announced following the company’s acquisition of East Point Energy strengthening Equinor’s broad energy portfolio in the US.

New York State Energy Research and Development Authority (NYSERDA) today announced Equinor’s Empire Wind 1 project one of the conditional winners in its fourth offshore wind solicitation round.

Equinor (OSE: EQNR, NYSE: EQNR) has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects.

Equinor and bp today announced an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind project in the US with potential generative capacity of 1,260 MW.

Equinor and its operating co-owner, Shell Offshore Inc., a subsidiary of Shell plc, have reached the final investment decision for the Sparta deepwater development, located in the US Gulf of Mexico (GOM). Equinor holds a 49 percent interest in the field.

Equinor has acquired a 25 percent interest in Bayou Bend CCS LLC, positioned to be one of the largest US carbon capture and storage projects located along the Gulf Coast in Southeast Texas.

Today, 21 June 2023, Equinor and Cheniere have announced a new 15-year purchase agreement of around 1,75 million tonnes of LNG per year, with half of the volume starting from 2027. This agreement brings the total volumes that Equinor has contracted with Cheniere up to around 3.5 million tonnes per year.

$1.75 million investment directly into community for new technology and media center.

On 16 February, production started on the Vito platform in the US Gulf of Mexico (GoM).

Significant New Investments and Innovative Opportunities Envisioned for State

Brooklyn-based Hub seeking start-up applicants to unleash the potential of offshore wind in New York.

San Francisco, California – As provisional winner of a lease area on the Outer Continental Shelf off California, Equinor continues to lead the way in growing the US’ offshore wind industry.