Page 22 - Peter Hutton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Welcome and thank you for joining the Equinor Q4 Analyst Call. [Operator Instructions] And I would now like to turn the conference over to Mr. Peter Hutton, Senior Vice President. Please go ahead. Peter Hutton -- Senior Vice President, Investor Relations Thanks Anne and you are very welcome to the conference call for Equinor's fourth quarter and full year 2020 results. Welcome to those analysts and investors joining us either on the call, or those watching on the webcast and media also joining us on Zoom. I'm delighted this morning to introduce Anders Opedal, Chief Executive Officer; and Sve...

Equinor sells its US onshore assets in the Bakken Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy, backed by EnCap Investments, for a total consideration of around USD 900 million. The transaction covers all of Equinor’s operated and non-operated acreage, totalling 242,000 net acres, and associated midstream assets in the Bakken. Entitlement production from these assets in 4Q 2020 was 48,000 barrels of oil equivalent per day (net of royalty interests). In parallel with this transaction...

Equinor (OSE: EQNR, NYSE: EQNR) has agreed to divest its interests in the Bakken field in the US states of North Dakota and Montana to Grayson Mill Energy,

Equinor fourth quarter 2020 and year end results Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a write down of USD 0.98 billion related to the Tanzania LNG project. 2020 was characterised by: Solid operational performance during extraordinary circumstances Positive cash flow in a low-price environment Delivering USD 3.7 bill...

Norwegian Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of positive USD 0.76 billion and negative USD 0.55 billion after tax in the fourth quarter of 2020. IFRS net operating income was negative USD 0.99 billion and the IFRS net income was negative USD 2.41 billion, following net impairments of USD 1.30 billion and a write down of USD 0.98 billion related to the Tanzania LNG project. 2020 was characterised by: Solid operational performance during extraordinary circumstances Positive cash flow in a low-price environment Delivering USD 3.7 billion in capex and cost reductions, well ...