Equinor

German gas storage is at a record low of 49% full — the emptiest level since records began; a year earlier it was 67% at the same time. The Federal Ministry for Economic Affairs currently sees no acute gas shortage but stresses that supplies are secured via pipelines from Norway, LNG terminals and neighboring countries. High prices after the Iran war are boosting Equinor’s revenues: Q2 pipeline gas prices rose sharply and adjusted operating income was $11.48 billion. Equinor reports production at capacity and can direct volumes primarily to higher‑priced markets, supporting margins. » More on deraktionaer.de

Equinor has signed an agreement to acquire a 17.4% interest in the offshore exploration license PEL 90 in the Orange Basin off Namibia from a Chevron subsidiary. The acquisition marks Equinor’s market entry into Namibia and provides access to a drill‑ready prospect with planned testing in 2026; financial terms were not disclosed. The transaction is intended to strengthen Equinor’s international portfolio; other license partners include QatarEnergy, Trago Energy and state oil company NAMCOR. » More on de.investing.com

Equinor acquires an 87.71% stake in the Lackawanna Energy Center, a 1,483-megawatt gas-and-steam combined-cycle power plant in Pennsylvania, for $940 million, subject to possible purchase price adjustments at closing and regulatory approval. Sellers are funds managed by Global Infrastructure Partners; Invenergy retains the remaining stakes and remains the plant operator. The transaction strengthens Equinor’s access to the PJM power market and is close to its gas resources in the Appalachian Basin, while both partners are exploring further operational cooperation opportunities. » More on de.investing.com