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Equinor ASA (EQNR) is a leading integrated energy company driving Norway's energy transition while maintaining global oil & gas operations. This news hub provides investors and stakeholders with direct access to official announcements, strategic developments, and operational updates.
Track key business movements including offshore exploration results, renewable energy projects like Hywind Tampen, quarterly financial disclosures, and partnerships shaping the energy future. All content is sourced from verified company communications to ensure reliability.
Discover updates across Equinor's core activities: petroleum production innovations, carbon capture initiatives, wind farm developments, and market expansions. The curated feed serves as a decision-making resource for monitoring both traditional energy operations and emerging sustainable ventures.
Bookmark this page for streamlined access to Equinor's evolving strategy in balancing fossil fuel expertise with renewable investments. Check regularly for real-time insights into one of Europe's most strategically significant energy producers.
TETRA Technologies (NYSE:TTI) announced significant upgrades to its Arkansas bromine project resources in an updated Definitive Feasibility Study. The company reported a 173% increase in Measured and Indicated bromine resources to 431 ktons in the Evergreen Unit, while maintaining proven and probable bromine reserves at 744 ktons.
Key highlights include a 163% increase in lithium resources to 585 ktons of lithium carbonate equivalent (LCE) and the identification of new critical minerals: 2.18 million tons of magnesium and 47,000 tons of manganese resources. TETRA holds mineral rights to approximately 40,000 acres of brine leases in Southwest Arkansas, with a 65% working interest in the Evergreen Brine Unit.
Additionally, Smackover Lithium reported 780 ktons of proven and probable LCE reserves on TETRA's leased acreage, for which TETRA will receive a 2.5% royalty on gross proceeds from lithium recovery while retaining rights to other minerals.
Aquatech has acquired Koch Technology Solutions' (KTS) direct lithium extraction (DLE) business, integrating the Li-Pro™ Lithium Selective Sorption technology into their PEARL™ platform. The acquisition includes KTS' extensive Li-Pro IP portfolio and ongoing projects, notably their partnership with Standard Lithium (NYSE:A:SLI).
The integration creates the industry's only commercially proven, end-to-end flowsheet solution for lithium processing. Key highlights include the South West Arkansas project, targeting production of 22,500 tons per annum of lithium carbonate by 2028. The Li-Pro technology has demonstrated over 95% lithium recovery in over 12,000 operational cycles at Standard Lithium's demonstration plant.
Cognite has announced a long-term frame agreement with Equinor (NYSE: EQNR) to enhance Equinor’s digital capabilities in support of its energy transition and security initiatives. Utilizing Cognite Data Fusion® as a module in Equinor’s OMNIA data architecture, this collaboration aims to accelerate value capture from digitalization efforts. The agreement builds upon a prior partnership established in December 2021 and emphasizes the creation of a future-proof data architecture to enable effective data extraction and contextualization.
Equinor has implemented Data Gumbo's smart contract platform to automate payments for Integrated Drilling and Well Services Day Rates on the Johan Sverdrup and Troll assets. This implementation marks the first live use of smart contracts in offshore oil and gas drilling, enhancing operational efficiency and reducing manual invoicing steps from over 60 to just 2-3. The goal is to achieve over 80% contract automation coverage by Q4 2022. Smart contracts intend to eliminate 95% of payment delays and errors, significantly benefiting both Equinor and its suppliers.
United States Steel Corporation (NYSE: X), Equinor US Holdings (NYSE: EQNR), and Shell US Gas & Power (NYSE: SHEL) have established a Cooperation Agreement to develop a clean energy hub in Ohio, Pennsylvania, and West Virginia. This initiative aims to create job opportunities, stimulate economic growth, and significantly reduce carbon emissions by focusing on carbon capture, utilization, and storage (CCUS) along with hydrogen production. The project aligns with the shared goal of achieving net-zero emissions by 2050. Funding applications will be submitted to the US Department of Energy.
Data Gumbo has launched a new office in Khobar, Saudi Arabia, to enhance its regional presence and capitalize on smart contract network opportunities. The company, backed by Saudi Aramco Energy Ventures, aims to support the $652 billion Middle East energy market. Data Gumbo reported a 550% annual revenue growth and signed 13 implementations with major industrial clients, including Equinor. Andrew Bruce, CEO, emphasized the commitment to long-term growth and offering increased access to their GumboNet smart contract network.
Equinor has partnered with Data Gumbo to implement the GumboNet smart contract network in its drilling and well services operations on the Norwegian Continental Shelf. This contract aims to automate invoicing and contracts, reducing processing time from weeks to days. With 99.7% invoice accuracy achieved during trials, the initiative seeks to eliminate 95% of payment delays and invoicing errors. The collaboration marks a significant step toward improving efficiency and transparency in Equinor’s operations.
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