Equinor vows to keep stepping on the gas
Dominant Norwegian producer aims to maintain strong deliveries in the third quarter
Norway’s Equinor produced 18pc more gas from the Norwegian continental shelf (NCS) in the second quarter compared with the same period last year, and only 4pc less than the first quarter, where high winter demand would normally incentivise substantially greater flows. But, as Nord Stream supply cuts further boost European gas prices, the firm is committing to trying to keep up the pace in the third quarter. “The higher summer production has been an important contribution to help fill European storages,” says Equinor CFO Ulrica Fearn. The company also restarted its Hammerfest LNG liquefaction plant in northern Norway at the start of June after an extended outage following a fire and has alrea

Also in this section
6 December 2023
The threat of a big disruption to energy trade in the Middle East appears to be receding, but the fog of war is casting doubt on projects in the region
5 December 2023
Scepticism, confusion and disdain over OPEC+’s extended and deeper supply cuts should give way to an appreciation of the new multi-speed producer alliance
5 December 2023
Low debts levels and the advantages of larger companies among the reasons for the rise in activity