Equinor is pursuing other projects
Equinor exits Barents Blue and Polaris
Norwegian state-owned company walks away from ammonia and associated CCS projects after cooperation agreement expires
Norwegian state-owned energy company Equinor has walked away from the Barents Blue ammonia production project and the associated Polaris offshore CO₂ storage project in the Barents Sea after the expiry of its cooperation agreement with the other project partners. Equinor gave no further details of its decision to leave the two projects located in northern Norway. Spanish fertiliser group Fertiberia has come in as a new project partner on Barents Blue and Polaris, replacing Equinor and Norwegian energy company Var Energi, which has also left both projects. Norway’s Horisont Energi remains as the operator of Barents Blue. “We are pleased to see that Horisont Energi will continue to mature the
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
Recent project approvals have yielded millions of carbon credits linked to the plugging of the US' abandoned wells
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
