Welcome to our dedicated page for Equinor Asa news (Ticker: EQNR), a resource for investors and traders seeking the latest updates and insights on Equinor Asa stock.
News and disclosures about Equinor ASA (NYSE: EQNR) highlight the company’s role as an international energy business active in oil and gas, renewables and low-carbon solutions. Partner announcements and SEC reports present a picture of an energy company that combines traditional upstream and downstream activities with digitalization, automation and energy transition projects across multiple regions.
On this page, readers can follow news that reflects several key themes in Equinor’s recent public communications. Technology and digitalization updates include collaborations with Cognite to use Cognite Data Fusion within Equinor’s OMNIA data architecture on Microsoft Azure, and the selection of Halliburton Landmark DecisionSpace Geosciences and OpenWorks with OSDU as standard tools and databases for subsurface data interpretation. These items show how Equinor is standardizing data workflows and building cloud-based, data-driven capabilities.
Another important news category concerns automation and smart contracts in Equinor’s supply chain. Announcements with Data Gumbo describe the implementation and expansion of GumboNet smart contracts to automate invoicing and payments in Integrated Drilling and Well Services, starting on the Norwegian Continental Shelf and potentially extending to other operated assets. Such stories illustrate Equinor’s efforts to streamline complex offshore contracting and reduce manual processing.
Readers will also find coverage of Equinor’s participation in energy transition and low-carbon initiatives, such as cooperation on a potential regional clean energy hub in the Ohio, Pennsylvania and West Virginia region focused on carbon capture utilization and storage and hydrogen, and involvement in lithium and critical minerals projects through the Smackover Lithium joint venture. Maritime and logistics news, including a charter for hybrid battery and dual-fuel methanol tankers with wingsails for product trading activities, further underscores Equinor’s interest in lower-emission operations. Bookmark this page to access a consolidated feed of such developments, alongside official announcements referenced in Equinor’s SEC filings.
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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