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Oil trading profits increase for energy majors

During March and April, oil prices plunged to their lowest in a generation, However, Norwegian energy giant Equinor ASA was pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast.

Equinor publishes maritime climate ambitions

In light of UN’s World Ocean Day, Equinor announced its ambitons for reducing its own emissions from ships and explained how the company will contribute to the industry’s decarbonization.

Offshore sector faces the impact of COVID-19

Although the COVID-19 has already disrupted the shipping industry in several ways, the offshore sector is also feeling the impact of the pandemic, as many offshore companies are experiencing lower prices or COVID-19 cases.

One confirmed with COVID-19 at Equinor’s Martin Linge

Equinor confirmed of one person at the Martin Linge field in the North Sea that has been positively tested for COVID-19, adding that the person is not seriously ill and has been isolated in his cabin since March 9.

Equinor eyes at least 50% drop of net carbon intensity by 2050

Norwegian oil major Equinor launched a new climate roadmap to ensure a competitive business model in the energy transition, in line with Paris Agreement. Among others, the company aims to reduce the net carbon intensity of energy produced by at least 50% by 2050. 

Legal action taken against plans to drill the Great Australian Bight

According to a recent statement, the Wilderness Society South Australia has commenced legal proceedings in the Federal Court of Australia with the aim to challenge the environmental approval to the Norwegian fossil fuel company Equinor, to commence oil drilling in the Great Australian Bight Marine Park, as granted by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA).

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