Equinor

Equinor, together with Petoro and TotalEnergies, has discovered a new oil and gas field in the North Sea. Preliminary estimates put recoverable resources at 19 to 50 million barrels of oil equivalent. Production is planned to be tied in quickly to existing subsea infrastructure and routed via the Oseberg Sør platform. Equinor plans numerous further wells and projects through 2035 to keep production on the Norwegian continental shelf stable at 1.3 million barrels of oil equivalent per day. » More on finanzen.net

Rising gas prices in Europe are boosting Equinor’s revenues and pushing up its share price. Federal Minister for Economic Affairs Katherina Reiche considers a gas shortage this winter unlikely, even though German storage facilities are at around 59% capacity, below the legally required target of 80%. Reiche announced a strategic reserve for gas storage and additional precautionary measures after the state-owned company Sefe was instructed to store more gas. Analysts remain positive on Equinor given the prospect of tight supply and the dividend. » More on deraktionaer.de

Severe tensions in the Middle East and advances by Huthi rebels threaten shipping routes such as Bab al‑Mandab and the Strait of Hormuz, further constraining LNG exports from the Persian Gulf. The TTF futures contract has risen above €80/MWh and has doubled since July, while European gas storage levels remain significantly underfilled. As the largest gas producer in Western Europe, Equinor supplies a substantial share of European demand and thus directly benefits from higher prices, so the outlook for the company is viewed as positive. » More on deraktionaer.de

Gas prices in Europe reached a multi-year high, driven by the blockade of the Strait of Hormuz and low German storage levels (54 percent). As the largest Western European gas producer, Equinor is advantaged as an important supplier to Germany. Chancellor Friedrich Merz warned against frantic gas buying and sees winter supply as fundamentally secure, while operators are calling for better framework conditions for filling storage. A further rise in prices would support the outlook for Equinor shares. » More on deraktionaer.de

If the coming winter is unusually cold, Germany’s gas storage facilities could be empty as early as early February according to model calculations, which would increase demand for gas deliveries. Currently storage levels are around 54 percent, well below last year’s level, and injections are delayed despite booked capacities. As the largest gas producer in Western Europe, Equinor is seen as the main beneficiary of the tight situation; the stock recently reached a new all-time high and remains attractively valued because of its dividend and chart performance. Experts are calling for political incentives to accelerate injections, while the Federal Network Agency currently describes the supply situation as secure. » More on deraktionaer.de