Edition:
United States

Nerijus Adomaitis

UPDATE 2-Independent oil group DNO eyes recovery after Q2 profit plunge

Jul 30 2020

* Shares fall 3.0% in early trade (Adds analyst, new projects, spending plans, share price)

Equinor short-lists four insiders as potential CEO successor - source

Jul 28 2020

OSLO/LONDON Equinor has short-listed four internal candidates to succeed Chief Executive Eldar Saetre who is likely to announce his departure within the next few months, a source familiar with the process told Reuters.

Equinor short-lists four insiders as potential CEO successor - source

Jul 28 2020

OSLO/LONDON, July 28 Equinor has short-listed four internal candidates to succeed Chief Executive Eldar Saetre who is likely to announce his departure within the next few months, a source familiar with the process told Reuters.

Life's a beach, but some European countries have new COVID-19 fears

Jul 24 2020

BERLIN/OSLO With the summer vacation season in full swing Germany, France and Norway are taking measures to try to stop people returning from holidays abroad from spreading the coronavirus.

Equinor beats earnings forecasts as refinery and trading shines

Jul 24 2020

OSLO Equinor on Friday reported a drop in second-quarter operating profit but a strong performance from its refinery and trading business helped to counter a coronavirus-led slump in oil and gas prices allowing the group to beat forecasts.

Adevinta buys eBay's classifieds unit in $9.2 billion deal

Jul 21 2020

OSLO/LONDON U.S. firm eBay Inc has agreed to sell its classified ads business to Norway's Adevinta in a deal worth $9.2 billion, creating the world's largest classifieds group, the companies said on Tuesday.

With contracts canceled and debts mounting, offshore oil drillers face another shakeout

Jun 24 2020

DENVER/OSLO The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

Norway's Hod oilfield revamp to cost $596 million, Aker BP says

Jun 24 2020

OSLO Aker BP will invest an estimated 5.7 billion crowns ($596 million) to redevelop the Hod oilfield in the North Sea, with output to resume in the first quarter of 2022, the Oslo-listed company said on Wednesday.

Norway plans big expansion of Arctic oil exploration

Jun 24 2020

OSLO Norway is planning a major expansion of oil exploration in the Arctic, despite commitments to tackling global warming and opposition from environmental groups.

RPT-With contracts canceled and debts mounting, offshore oil drillers face another shakeout

Jun 24 2020

DENVER/OSLO, June 24 The companies that operate offshore drilling rigs for major oil producers face a second wave of bankruptcies in four years amid a historic drop in energy prices that likely will leave surviving drillers more closely tied to big oil firms.

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