Equinor

BP is seeking to sell its North Sea business, which includes five production hubs and 1,100 employees, as UK Prime Minister Andy Burnham faces pressure to ease drilling restrictions. US President Donald Trump has urged increased North Sea oil production, while Burnham has emphasized a pragmatic approach to balancing energy security and cost-of-living concerns.

Pennsylvania Republican gubernatorial candidate Stacy Garrity has earned income from fracking wells near her property, leasing mineral rights to companies like Chesapeake and Equinor. Incumbent Governor Josh Shapiro has pursued a mixed approach to energy, supporting renewable initiatives and industry interests while facing criticism for insufficient climate action.

Equinor CEO Anders Opedal stated Europe is unlikely to reach its 80% winter gas storage target, with current levels at 54%, the second-lowest in 15 years. The shortfall is attributed to a tight global LNG market, Middle East supply disruptions, and competition from Asian buyers for LNG shipments.

Norway’s state oil company Equinor nearly doubled its profits to $11.5bn in the three months to the end of June as the jump in oil and gas prices caused by the war against Iran boosted earnings. The company increased production during strait of Hormuz blockades, filling a market gap after shipping near-halted there.

Petrobras agreed to buy half of the Itaimbezinho exploration block from Norway’s Equinor. Equinor remains the operator with the other half, and a state body manages the production-sharing contract. The block is located offshore in the Campos Basin, a veteran oil region.

Tanzania aims to sign a $42 billion LNG project host agreement by mid-2026, led by Equinor, Shell, ExxonMobil, and TPDC. The deal involves the development of Tanzania's liquefied natural gas resources.

The New York Attorney General is suing over a deal involving Trump paying a French firm to cancel an offshore wind project. Prosecutors argue a federal judge should overturn the $795 million offshore wind lease cancellation, calling it 'blatantly unlawful.'

Europe reduced Russian gas imports by 87% between 2021 and 2025, shifting toward American LNG and other suppliers. A 2026 regional conflict disrupted the Strait of Hormuz, causing energy prices to surge and threatening European gas storage stability.

Norway is Germany's main supplier of natural gas and Equinor may discuss buying oil from more expensive wells with Germany. Norway's role in supplying energy to Germany is significant. This discussion may impact the energy market.

Norway's Equinor expects a boost to its transition industries due to the Iran war. The company shared this information with CNBC. This development may impact the energy sector.

Danske Commodities A/S, a subsidiary of Equinor, is cutting 5% of its staff as part of a strategic shift. The company's Aarhus, Denmark office is mentioned in the article, which includes a photographer credit.