EQNR Stock Recent News

EQNR divests its Peregrino stake to Prio for $3.5 billion. Despite the exit, Equinor says that it remains committed to Brazil with strong growth targets in Bacalhau, Raia and Roncador.

Equinor's Brazilian subsidiary has signed an agreement to sell its interest in the Peregrino field to Prio Tigris, a unit of PRIO SA, Brazil's largest independent oil-and-gas firm, the company said Friday.

Equinor said on Friday that its Brazil unit has agreed to sell a 60% operated interest in Peregrino oil field to oil company PRIO SA for up to $3.5 billion.

Equinor Brasil Energia Ltda., a subsidiary of Equinor (OSE: EQNR, NYSE: EQNR), has entered into agreements(1) with Brazilian company Prio Tigris Ltda., a subsidiary of PRIO SA (PRIO3.SA) for a sale of its 60% operated interest in the Peregrino field in Brazil.

Lower productions across major segments and weaker commodity prices hurt EQNR's earnings in Q1.

Equinor ASA (NYSE:EQNR ) Q1 2025 Earnings Conference Call April 30, 2025 5:30 AM ET Company Participants Bard Glad Pedersen - SVP, IR Jannicke Nilsson - EVP, Safety, Security & Sustainability Torgrim Reitan - EVP and CFO Anders Opedal - President and CEO Irene Rummelhoff - EVP, MMP Conference Call Participants Teodor Sveen Nilsen - SpareBank 1 Markets Biraj Borkhataria - RBC John Olaisen - ABG Peter Low - Redburn Yoann Charenton - Bernstein Matt Lofting - JPMorgan Chris Kuplent - Bank of America Merrill Lynch James Carmichael - Berenberg Martijn Rats - Morgan Stanley Jason Gabelman - TD Cowen Paul Redman - BNP Paribas Operator Good day, and welcome to the Equinor Analyst Call First Quarter Results. [Operator Instructions].

Europe's need to refill storages, left two-thirds empty after the winter, will keep the gas market tight and require a rise in liquefied natural gas supply, the CEO Anders Opedal of Equinor, the continent's largest gas supplier, said on Wednesday.

Equinor, the Norwegian energy giant, said it is considering legal action after receiving a halt work order from the US government for its Empire Wind project, despite the project being fully permitted and under construction. The development, set to be developed in federal waters approximately 15 to 30 miles off the coast of New York's Long Island, could deliver power to half a million New York homes, is about 30% complete and carries a gross book value of US$2.5 billion.

Equinor CEO Anders Opedal says the firm's first-quarter results were supported by increased gas production in the U.S.

Equinor on Wednesday said it believes the decision of U.S. President Donald Trump's administration to halt the construction of a multi-billion dollar offshore wind power project is unlawful and that the group may take legal action.