Equinor and its partners have decided to invest $1.3 billion (13 billion Norwegian crowns) in the Phase 3 expansion of the Johan Sverdrup oilfield in the North Sea, Western Europe’s biggest oil ...

Johan Sverdrup began producing in 2019 and its peak output is seen either this year or next. The peak production level is seen at 755,000 barrels daily, which is significantly higher than initial ...

Equinor ASA EQNR, a Norwegian integrated energy company, announced that it has approved an investment of $1.29 billion (13 billion NOK) for the Johan Sverdrup field in the Norwegian Sea. The ...

Output from Equinor’s EQNR-N Johan Sverdrup oil field, western Europe’s largest, has been shut due to a power failure, a spokesperson for the Norwegian firm said on Thursday. A power outage ...

Equinor operates Johan Sverdrup with a 42.6267 percent stake through Equinor Energy AS. Aker BP ASA owns 31.5733 percent. State-owned Petoro AS holds 17.36 percent.

Johan Sverdrup is the largest offshore oil find in Norway in 30 years and is estimated to hold 1.8 billion to 2.9 billion barrels of oil equivalents. It`s seen producing 550,000 - 650,000 barrels ...

Norway's Equinor (EQNR.OL) can currently produce 720,000 barrels per day (bpd) of Johan Sverdrup but has said it would explore the possibility of raising output to 755,000 bpd.

“Johan Sverdrup alone can thus meet 6-7% of the daily oil demand in Europe,” it added. Until now, the Sverdrup field has produced around 535,000 barrels of oil per day, according to Equinor.

Three mid-January cargoes of Johan Sverdrup traded in the S&P Global Commodity Insights (formerly S&P Global Platts) trading window on Tuesday at an average differential to the dated Brent crude ...

A second phase of the Sverdrup field development is still scheduled to come on stream in late 2022 with output of 220,000 bpd. Equinor holds a 42.6% stake in the field, while Sweden’s Lundin Petroleum ...

Norway's Equinor has begun pumping oil from the second phase of its giant Johan Sverdrup development, it said on Thursday, boosting output from Europe's biggest producing field by at least 185,000 ...