Equinor's (EQNR) collaboration with SLB and Subsea7 is set to transform offshore exploration, unlocking vast reserves at Norway's Wisting and Canada's Bay du Nord fields.
Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, two sources from companies involved in the project said. The government and investors announced last May they had completed negotiations on the long-delayed project to unlock Tanzania's vast offshore gas resources. Equinor and Shell are joint operators while Exxon Mobil, Pavilion Energy, Medco Energi and Tanzania's national oil company TPDC are partners.
Equinor's (EQNR) Q1 earnings benefit from increased production across its segments. However, lower price of gas partially offset the positives.