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Equinor ASA has secured 35 new offshore licenses in Norway, enhancing its exploration and production capabilities through 2035. The licenses span the North Sea, Norwegian Sea, and Barents Sea, with Equinor acting as operator in 17 areas. The company plans to drill 20 to 30 exploration wells annually, focusing on both established infrastructure and new geological prospects. This move is crucial for maintaining production levels and offsetting declines in existing fields. Equinor shares rose 2.76% to $24.55 following the announcement.
Equinor ASA has completed the buy-back of 1,489,502 shares at an average price of 236.92 NOK, totaling approximately 352,886,038 NOK. Following this transaction, the company holds 58,321,934 shares, representing 2.28% of its share capital.
Equinor ASA has filed for a preliminary injunction to overturn a suspension order from the Bureau of Ocean Energy Management (BOEM) affecting its Empire Wind project, which is over 60% complete. The project, crucial for U.S. energy infrastructure with over USD 4 billion in investment, aims to power around 500,000 homes in New York. Despite the suspension, Equinor continues essential activities while complying with the order. The project has created nearly 4,000 jobs and is developed in partnership with the New York State Energy Research and Development Authority (NYSERDA).
Equinor ASA has completed the buy-back of 888,448 shares at an average price of NOK 237.52, totaling approximately NOK 211 million. This transaction is part of the fourth tranche of its 2025 share buy-back program. Following this buy-back, Equinor now holds 56,832,432 shares, representing 2.22% of its share capital.
Equinor ASA has completed the buy-back of 1,624,724 shares at an average price of 232.32 NOK per share, totaling approximately 377 million NOK. The company now owns 55,338,984 shares, representing 2.16% of its share capital.
