Equinor Asa Stock News

Norway''s Equinor said Feb. 28 that it has decided to stop new investments in Russia and start exiting from joint ventures because of Russia''s invasion of Ukraine, according to a statement issued by the company. Equinor''s announcement comes after BP said on Feb. 27 that it would exit its near 20% stake in Russia''s largest crude producer, Rosneft, in response…

Norwegian oil giant Equinor has followed BP in announcing that it will start exiting its joint venture businesses in Russia. The post Equinor follows BP in exiting ‘untenable’ Russia joint ventures appeared first on Energy Voice .

Equinor ASA will start withdrawing from its joint ventures in Russia in response to the invasion of Ukraine.

Norwegian energy group Equinor said on February 28 it will start the process of divesting from its joint ventures in Russia

The company is the second European oil & gas producer to exit Russia after supermajor BP announced its exit on Sunday

Norwegian company Equinor will begin withdrawing from projects in Russia, the company said in a statement, Trend reports citing TASS.

The announcement comes as Western countries ramp up efforts to punish Russia with new sanctions The post Norway’s Equinor to start exiting joint ventures in Russia after Ukraine invasion appeared first on Energy Live News .

Norwegian energy group Equinor said on Feb. 28 it will start the process of divesting from its joint ventures in Russia amid Moscow''s invasion of Ukraine.

Styret i Equinor (OSE: EQNR, NYSE: EQNR) har besluttet å stanse nye investeringer i Russland, og å starte prosessen med å gå ut av de eksisterende «Joint Ventures» i Russland.

Equinor’s (OSE: EQNR, NYSE: EQNR) Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures.

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Amid the Russian invasion on Ukraine, NATO has become the flashpoint since the beginning of the Russia-Ukraine standoff. US-led NATO is likely to impose “severe sanctions” on Moscow. Two questions arise: will the US continuous provocation of sanctions stop Moscow? Why did Olaf Scholz’s decision to halt the pipeline certification fail to deter Putin?In an address to the nation, Ukrainian president Volodymyr Zelensky said, “We have been left alone to defend our state”. The ongoing Russian invasion on Ukraine triggers the debate why NATO is so soft in responding to Russia’s aggression on Kyiv. In response to Russia’s recognition of Donetsk and Luhansk, Germany halted the certification process of the Nord Stream 2 pipeline which the US wanted for a long time. Can Europe’s largest economy survive without Russia’s natural gas? Berlin’s soft tone raises a crucial question whether Russia’s natural gas remains a crucial factor in silencing NATO. Germany is susceptible to the weaponising of Russia’s oil and gas.

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Global Stocks, Futures Crash; Nasdaq In Bear Market, Oil Soars Above $105 On Russia Attack U.S. stock index futures crashed along with global markets on Thursday as Russia’s assault on Ukraine sent investors fleeing risky assets, while the tech-heavy Nasdaq was set to open in a bear market. Contracts on the Nasdaq 100 were down 2.9% by 7 a.m. in New York, having dropped as much as 3.6% earlier and signaling that the underlying gauge was poised to fall 20% from its November record high for the first time since the pandemic; the S&P 500 was down 2.23% or 98 points to, 4,214, while Dow futures lost 2.3%. The flight to safety saw the 10-year Treasury yield tumble 14 basis points to under 1.9%. Gold hit the highest since September 2020, while the dollar also spiked higher. The Nasdaq was set to open in a bear market, with NQ futures down more than 20% from its all time highs just two months ago… ... while the VIX spiked higher, and was last just around 37, up almost 10 points on the day.