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A prognosticator reduced his price target on the shares. While this cut wasn't drastic, the pundit maintained his bearish take.
EQNR exits offshore wind projects in Spain and Portugal, citing rising costs and market challenges in the renewables sector.
Norwegian energy company Equinor has cancelled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday.
EQNR scraps its plan to invest in the offshore wind sector in Vietnam. It will also end its business development operations in the country and close its Hanoi office.
Norway's Equinor may reconsider investing in oil and gas in Britain if the Labour government changes the industry's fiscal regime, a top company executive told Reuters.
EQNR plans to invest heavily in Norway's offshore oil sector, with $6.7 billion annually through 2035, despite the global shift to renewables.
Leading pipeline Enbridge will pipe prodigious passive income into your portfolio. Norway's Equinor continues to reward investors with its latest monster payout.
Equinor plans to invest 60 billion-70 billion crowns ($5.7 billion-$6.7 billion) per year offshore Norway towards 2035 as it expects continuing strong demand for oil, it said on Monday.
Equinor's (EQNR) Gullfaks C platform evacuates some workers as a security measure after the platform encountered a well-control incident. The other platforms at the Gullfaks field remain operational.
Norway's state-controlled energy giant Equinor has cancelled plans to invest in Vietnam's offshore wind sector, a company spokesperson told Reuters, in a setback for the Southeast Asian country's green power ambitions.