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Equinor To Acquire Equity Interest In Five Discoveries For Undisclosed Terms
(RTTNews) - Equinor ASA (EQNR), a Norwegian petroleum company, announced Wednesday it has signed an agreement to acquire equity interest in five discoveries in the Troll, Fram and Kvitebjorn area in the North Sea on the Norwegian continental shelf (NCS) from Wellesley Petroleum AS.
The transaction adds to Equinor's equity share in the following discoveries: An additional 18.8% in Grosbeak, 45% in Toppand, 40% in Atlantis and 20% in Rover Nord and Rover Sor.
Since 2019, Equinor has made seven discoveries in this area. Equinor has made a number of discoveries in this area, including Swisher, Toppand and Rover Nord and Sor.
Equinor has started field developments projects to coordinate the development of these discoveries in collaboration with partners.
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SLB OneSubsea And Subsea7 Ink Long-Term Strategic Collaboration Deal With Equinor
SLB (SLB) announced Thursday the signing of a new long-term strategic collaboration agreement between Equinor ASA (EQNR) and the Subsea Integration Alliance (which comprises OneSubsea and Subsea7).
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European Stocks Close On Mixed Note After Central Bank Decisions, Earnings Deluge
European stocks turned in a mixed performance on Thursday as investors reacted to a slew of corporate earnings announcements from the region, and digested the interest rate decisions of the Federal Reserve, the European Central Bank and the Bank of Japan.
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ECB Holds Interest Rates Steady Amid Uncertain Outlook
The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.
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Eurozone GDP Growth Beats Expectations
The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.
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Bay Street Likely To Open Weak
Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.
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German Economy Stagnates On Weaker Exports; Unemployment Falls
The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T
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FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast
The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.
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CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy
France's benchmark index CAC 40 is down in negative territory on Thursday with investors reacting to a slew of earnings updates and regional economic data, the Federal Reserve's interest rate cut and the warning that no further reduction is likely this year.
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