@TorgrimReitan speaking @CERAWeek during a panel on the future of deep water oil and gas development. He emphasized collaboration as the key to future success and responsible development.
“The oil and gas business can be facing a crisis of confidence unless we proactively address it. We need clear ambitions with transparency, action on climate and engagement with society as main elements for securing our credibility going forward.” #CERAWeek
Q4 and 2018 results:
* Solid results and strong cash flow
* Strong operational performance with record high production
* Continued growth in return on avg. capital employed
* The reserve replacement ratio: all time high
* 13% step-up in Q4 dividend-USD 0.26 per share
It was a pleasure to meet the President of Azerbaijan Republic together with Eldar Sætre where we discussed the cooperation between SOCAR and @Equinor#wef19#davos2019
1 billion barrels of oil produced in Angola since 2002! We’re so excited that the Norwegian Prime Minister @erna_solberg came to visit and mark this milestone together with our EVP @TorgrimReitan. 📷Lise Åserud/NTB Scanpix
As a partner, @Equinor is glad to see first oil production from @Chevron Big Foot in the Gulf of Mexico. Adding safe and profitable barrels to our growing business in the Gulf is priority of our international business
Today we announced first oil from the Chevron-operated Big Foot Project in the deepwater #GulfofMexico. The project advances our strategy of interest in safely providing reliable, affordable energy to meet a growing global demand.
https://t.co/mNnj3ZYrsG
Very clear messages at #aconf18 - the climate is changing faster than we are. We don’t have the luxury of being picky, we must take all possible actions.
The sun does more than just put us in a good mood – it creates #energy ☀️ Therefore we’re investing NOK 700 million in @ScatecSolar, corresponding to a 9.7% share in the company. It’s another way we’re developing as a broad energy company ↗️ #solarenergy
Today we announced that we have aquired 9,7% of the solar company @ScatecSolar. The investment will increase @Equinor’s exposure to a fast growing renewable sector and complement our portfolio with profitable solar energy, in line with our strategy.
Proud to participate this week @CERAWeek. I enjoyed the panel with my industry colleagues and the opportunity to talk about @Statoil's view on natural gas. Always safe, high value, low carbon. https://t.co/gWkPFbuRQD
#naturalgas is an important and flexible source of electricity 🔌 in the US and Europe. Asia will drive global demand. Investments will be needed across the value chain. #CERAWeek with @TorgrimReitan
Today @Statoil presented strong 2017 results. 📊 And 2018 is a turning point for the US business says @TorgrimReitan - on track for positive earnings, surplus cash generation + growth at $50 WTI. #capitalmarkets 👉 https://t.co/SL1M77F3t4
Don't miss CEO Eldar Sætre on 📺 @BloombergTV as he talks strong 2017 results, market prices 📈 and our resilience in years to come 👇https://t.co/ets78bl8R7
Celebrating a new milestone in the #GulfofMexico. @HessCorporation + partners announce #firstoil 🎉 from the field located offshore Louisiana. Many thanks to all who have worked over the years to bring this project to life. 👷
.@e24 har intervjuet @statoil USA-sjef Torgrim Reitan: "2018 er et veldig viktig vendepunkt. Vi har gått fra minus til pluss på bunnlinjen, og det er penger til overs ved en oljepris på 50 dollar fatet." https://t.co/4BZCesyjdY