Equinor

Lithium is an essential mineral and is required to meet the projected growth in electric vehicles and broader battery energy storage ⚡ So we’re excited to announce that our South West Arkansas lithium project together with Standard Lithium has finalised a grant of $225 million from the U.S. Department of Energy (DOE). These funds will be used to support the construction of a processing facility for phase 1 of the project, which is targeting an annual production of 22,500 tons of battery-quality lithium carbonate. Pending a positive investment decision, the project is expected to create 400 jobs during its life through both direct and construction positions. We look forward to working with Standard Lithium and alongside the local community to enhance US energy security through the next generation of lithium production 🇺🇸 Find out more 👉 https://lnkd.in/dvA9xpjj

On 14 February the Norwegian Ministry of Energy awarded us 27 new production licences in this year's awards in predefined areas (APA). Twenty of these are in the North Sea, six in the Norwegian Sea and one in the Barents Sea. We’re the operator of seven of these licences and partner in 20. Even as we move towards a net-zero future, European energy security calls for predictable, reliable, and stable supplies. Exploration is key to ensuring continuity in this regard. APA awards are in mature areas of the Norwegian continental shelf and tend to be located close to existing infrastructure. Discoveries in areas with existing infrastructure can be developed rapidly, at lower costs – and with lower greenhouse gas emissions from production and transport. Find out more 👉 https://lnkd.in/de_vYJyg

Happy new year everyone!🎇 I am really looking forward to a new technology year – which I think will be much about AI. We kicked the year off with an interview in the Norwegian business newspaper Dagens Næringsliv about how artificial intelligence (AI) is creating value for Equinor. 📰 In the article, you could read about how Equinor is investing around 800 million dollars every year into research and development projects.   My job together with a very skilled team is to make sure the investments pay off. And so far, we have a lot of good examples to show for.   This is the example we shared with Dagens Næringsliv: In a breakthrough application on the Johan Sverdrup Phase 3 field development, artificial intelligence has increased the project value by approximately USD 12 million from decision gate 1. AI evaluated one million potential field layouts and explored 100,000 well paths to identify the optimal solution, saving thousands of engineering hours while ensuring that a multitude of constraints were factored into the decision-making process. Dozens of Equinor projects are now benefitting from new AI based models – building on the competence that my colleagues have from the company´s over 50 years of operations within the industry. The total gains are – so far, estimated to be around USD 100 million. An incredible teamwork lays behind – and we are working closely, among others, with our partner in the Netherlands for further development. I can´t wait to see what the new year has in store for us! The picture in this post is a screenshot of the article in DN. You can find the link for the DN article (in Norwegian) below 👇

Gas from the Troll field in the North Sea already accounts for about 11 percent of the EU’s total natural gas consumption 🇪🇺 But this doesn’t mean that we’re resting on our laurels. Quite the opposite, in fact. In 2024, the Troll field set a record for the highest natural gas production ever from a Norwegian field – 42.5 billion standard cubic metres. This is almost 10% higher than the previous record 📈 But that’s not all. Thanks to the partial electrification of the Troll B and C platforms, production emissions from Troll have been reduced by 90,000 tonnes – approximately 15% – in 2024 📉 2024’s records are partially the result of high regularity, a year without turnarounds, as well as upgrades that have increased efficiency. But these milestones truly are the result of decades of targeted work to recover Troll’s resources in the most efficient and sustainable manner – and to ensure that our European customers get the energy security and long-term perspective they need in a challenging time. And the efforts don’t stop here. We work hard every day to produce gas even more efficiently – and reduce emissions even more – in the years to come. Find out more ➡️ https://lnkd.in/d2eRMGuh

Great news to bring in the New Year: Equinor has achieved financial close for Empire Wind 1, marking a significant milestone for the first #offshore energy project to deliver power directly into New York City. As Molly Morris, President of Equinor Renewables Americas, commented: “Today's financial close maintains the momentum we have built toward bringing a significant new source of power to the grid that will strengthen US energy security and build economic growth. Our redevelopment of the South Brooklyn Marine Terminal is already putting more than 1,000 people to work while fueling a new American supply chain. Equinor is proud to play a part in advancing domestic energy solutions safely, efficiently, and for the long term.”  Empire Wind 1 is on track to power half a million #NewYork homes. Together, we are creating a stronger, more secure #energy future in the U.S. 

Meet some of those who went to work every day this year, searching for better solutions – and who plan on doing the same in 2025. But for now…Happy New Year! Get to know them better: https://bit.ly/49IeNaZ

We’ve been awarded two new exploration licenses as operator and partner for the development of CO2 storage in the North Sea. We are the operator of the Forsete license and have Aker BP ASA as a partner, while we are a partner on the Harbour Energy Norge AS-operated Kaupang license. In 2024 we’ve added five new CO2 exploration licenses to our portfolio – four in the North Sea and one onshore in Denmark. These are important steps in maturing and developing new CO2 storage solutions to help support large-scale industrial decarbonisation in Europe. Find out more 👉 https://lnkd.in/dVSPcYKF

This week, I welcomed UK Prime Minister Keir Starmer and Norway’s Prime Minister Jonas Gahr Støre to Northern Lights, our carbon transport and storage facility outside Bergen.   My main message to Prime Minister Starmer was that Norway and Equinor will continue to be a trusted energy provider to the UK, also while transitioning into renewables and low carbon solutions.   UK is a core region to Equinor. Our gas production has been, and will continue to be, a cornerstone of UK’s energy security. We provide around 30% of the UK gas demand. The recent announcement of our Joint Venture oil and gas company together with Shell, will contribute to extend the life of this crucial sector.    Recently, we progressed two of the UK’s first carbon capture, transport and storage infrastructure projects in Teesside. This is a major step for both Equinor and the UK to decarbonize the UK industrial heartlands, support net zero ambitions, and provide jobs and opportunities.   We plan to invest over 10 billion pounds in the UK by 2030 and create over 5000 high-quality jobs in oil and gas, offshore wind, CO2 capture and storage and battery storage.   Equinor has been a proud provider of energy to the UK for over 40 years, and we look forward to the next chapters. Jonas Gahr Støre Keir Starmer Northern Lights JV   Photo: Johannes Bærhaugen / Forsvaret

Can a part of the solution to the energy transition be a long series of numbers and letters? If you ask Olav, the answer’s yes. Together with the rest of his team, he’s working on finding solutions for how Equinor can reduce CO2 emissions from oil and gas production using machine learning, a field within artificial intelligence. Find out more about Olav: https://bit.ly/4fixnaV

Amid long pipelines and huge tanks, you can see our newest employee Roberta on her walkabout – making sure everything is as it should be at our Northern Lights CO2 transport and storage facility. She is a part of our commitment to digtialisation and technological innovation. Robots like Roberta can help improve operational regularity, reduce costs and improve safety by reducing human involvement in dangerous tasks. Find out more about how we work with digitalisation 👉https://bit.ly/3DlvA7C