Equinor powers ahead with floating wind turbines despite oil crash [Reuters]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Reuters
Equinor powers ahead with floating wind turbines despite oil crash OSLO (Reuters) - Norway approved on Wednesday Equinor’s 4.8 billion Norwegian crowns ($466 million) plan to build floating offshore wind turbines that will provide electricity to North Sea oil and gas platforms, the energy ministry said. The long-planned project is going ahead despite Equinor’s decision to cut investment following a plunge in oil prices that has reduced the company’s cash flow. Five platforms at Norway’s Snorre and Gullfaks fields will be the first in the world to receive power from a floating wind park, the oil company said in a separate statement. “As the whole industry is currently experiencing much uncertainty, it is vital that we progress projects that spur technology development in the renewables segment and create spin-off effects for the Norwegian supplier industry,” Equinor Executive Vice President Anders Opedal said. The company has decided to cut its 2020 capital spending to $8.5 billion fro
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EQNR
Earnings
- 10/29/25 - Miss
EQNR
Sec Filings
- 12/2/25 - Form 6-K
- 11/26/25 - Form 6-K
- 11/25/25 - Form 6-K
- EQNR's page on the SEC website