After months of procrastination, eni spa (E.US) and Equinor ASA (EQNR.US) have received approval for the sale of assets in Nigeria.
The Nigerian regulatory agency has approved the sale plan of Eni SPA and the Norwegian National Oil Company. The transaction between the two companies had been delayed for several months due to the oil giant's continued withdrawal from onshore business in this West African country.
Market concerns are being triggered by the poor implementation of production cuts. OPEC+ urges member countries to make up for quota cheating.
In the effort to support the global oil market, OPEC+ is pushing member countries to make up for cheating on supply quotas. However, there is little indication that they are changing.
Eni, Equinor Deals in Nigeria Approved After Months of Delay
Oil Slips After U.S. Data Points to Cooling Economy
0816 GMT - Oil prices edge lower on a thinner trading day due to the Fourth of July holiday, in spite of softer-than-expected U.S. employment and business activity data fuelling optimism for future ra
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0112 GMT - AGL Energy should continue to benefit from higher pow
Is the oil price driver here? Category 4 Hurricane Belial is advancing into Texas, threatening major US refineries.
The hurricane season in the Caribbean Sea is threatening the operation of major oil refineries in Texas, the largest oil-producing state in the United States.
Schlumberger's OneSubsea Wins Green Production System Deal For TotalEnergies' Angola Project
Schlumberger Limited (NYSE:SLB) disclosed that its OneSubsea joint venture won a contract from TotalEnergies SE (NYSE:TTE) for a Subsea Production System.As per the terms, SLB OneSubsea and TotalEnerg
Nippon Steel, Sumitomo Renew Long-term Contract With Equinor to Supply Pipes
Equinor ASA Continues Share Buy-Back Program
Equinor ASA: Completed Share Capital Reduction
On 14 May 2024, the annual general meeting in Equinor ASA ((OSE: EQNR, NYSE:EQNR) decided that the company's share capital shall be reduced by NOK 525,808,437.50 from NOK 7,507,761,512.50 to NOK 6,981,953,075.00, through
Equinor (EQNR) Extends North Sea Contract With Archer for 24 Months
Oil Prices Rise as Traders Continue to Bet on Market Tightening
0800 GMT - Oil prices rise after closing higher for the third consecutive week on Friday. Brent crude is up 0.7% to $85.59 a barrel, while WTI trades 0.8% higher to $82.17 a barrel. Expectations for a
The Wealthiest Person in Norway
Oil Edges Higher on U.S. Rate Cut Hopes, Geopolitical Jitters
0748 GMT - Oil prices are rising on hopes that the U.S. central bank will soon start cutting interest rates and fears of a wider war between Israel and Iran-backed militia group Hezbollah. Both benchm
Schlumberger Lands Electric Subsea Project With Equinor In Norway: Details
Schlumberger Limited (NYSE:SLB) and Equinor ASA (NYSE:EQNR) shares are trading higher today after Schlumberger won a contract from Equinor for the Subsea Production Systems (SPS) project in offshore N
European Equities Traded in the US as American Depositary Receipts Higher in Thursday Trading
European equities traded in the US as American depositary receipts were higher late Thursday morning, rising 0.27% to 1,423.98 on the S&P Europe Select ADR Index. From continental Europe, the gainers
Express News | SLB: Contract From Equinor for Feed of 12-Well, All-Electric SPS Project in Fram Sør Field, Offshore Norway
Express News | SLB Onesubsea Awarded Contract by Equinor for Groundbreaking All-Electric Subsea Project
Crude Oil Prices Stabilize Even as U.S. Inventory Build Exceeds Expectations, ANZ Bank Says
Crude oil prices were little changed despite a stronger-than-expected build in U.S. crude oil inventories, ANZ Bank said in a Thursday note. U.S. crude stockpiles rose by 3.6 million barrels last week
Archer Ltd. Secures Two-year Contract Extension From Equinor Unit
Archer Ltd. (ARCH.OL) is set to continue its well services operations for Equinor's (EQNR.OL) subsidiary Equinor Energy after securing a two-year contract extension. The drilling and well services com