equinor
Norwegian petroleum refining firm Equinor said on Monday it signed a 15-year agreement with the Indian fertiliser and petrochemical company Deepak Fertilisers for supplies of liquefied natural gas with deliveries starting in 2026. The agreement covers an annual supply of around 0.65 million tons of LNG. The ammonia which Deepak will produce from the natural gas will be for domestic use in India. Ammonia is a base material for fertilizer and therefore often plays a crucial role in agricultural productivity.
DPA Breaking News
Profit fell in the fourth quarter for Norwegian energy firm Equinor ASA compared to the same period of the previous year. Equinor ASA reported on Wednesday that its fourth-quarter net income plunged 67% to $2.61 billion from last year's $7.90 billion. Adjusted earnings after tax was $1.88 billion, compared to $4.72 billion a year ago. Total revenues and other income declined 15% to $29.05 billion from last year's $34.32 billion. Equinor delivered production of 2,197 thousand barrels of oil equivalent (MBOE) per day in the quarter, up from 2,046 MBOE per day in the same quarter of 2022. Equity ...
DPA Breaking News
Sanctions imposed by the world’s leading economies on Russia amid the Ukraine invasion are triggering an exodus of some of the biggest energy companies. The latest name on the list is Shell PLC (LON:SHEL), which announced it would quit operations in the country, following the steps of BP plc (NYSE:BP). Q4 2021 hedge fund letters, conferences and more Shell’s ExitAs reported by Fox Business, the announcement means the energy giant is canceling its relationship with Russian colossus Gazprom PAO (MCX:GAZP), which owns 50% of the Sakhalin 2 LNG plant —in which Shell holds a 27.5% stake. Shell is a...
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