Dossier
Stord
Coverage of Stord in the Nexus archive.
- Oil Investments to Drop for Third Year on War Shock, IEA Says
The IEA reports oil investments will decline for the third consecutive year due to war-related disruptions. Norway's Equinor ASA is developing the Johan Castberg Arctic oil field, estimated to hold 450-650 million barrels, as part of the country's Arctic resource extraction push.
- Amazon fulfillment competitor Stord raises $250M at $3B valuation
Stord, an Amazon fulfillment competitor, raised $250M at a $3B valuation. Founded in 2015 by Sean Henry and Jacob Boudreau while they were Georgia Tech students.
- Equinor Halves Scatec Stake as Focus Grows on Oil, Gas Output
Equinor ASA has reduced its stake in Scatec by half, reflecting a strategic shift toward prioritizing oil and gas production. The move underscores the company's renewed focus on core energy sectors.