Tag: $Equinor

Equinor secures $3 bln financing for U.S. Empire Wind 1 project

Norway’s Equinor said on Thursday it had secured a financing package of more than $3 billion for its Empire Wind 1 offshore wind power project in the United States.

Shell and Equinor to create Britain’s largest independent oil and gas company in joint venture

Oil major Shell and Norway’s Equinor on Thursday announced plans to combine their British offshore oil and gas assets to create a jointly owned energy company.

Norway’s Equinor cuts 20% of staff at renewables unit

Norway’s Equinor is trimming 20% of the staff from its renewable energy division and will compete for a smaller number of new projects as it streamlines the business unit, the company told Reuters on Thursday.

Equinor buys 9.8% stake in offshore wind developer Orsted

Norway’s Equinor has bought a 9.8% stake valued at around $2.5 billion in Danish offshore wind farm developer Orsted, it said on Monday, as it seeks to build up its renewables portfolio.