Published on 9 Apr 2024 on Zacks via Yahoo Finance

Equinor (EQNR) Boosts Electrification Efforts Offshore Norway

Equinor ASA EQNR, the Norwegian state-owned energy giant, has announced a significant step in its efforts to curb carbon emissions from the Norwegian Continental Shelf. Equinor aims to cut down approximately 160,000 tons of CO2 per year through the utilization of power from shore.

A key aspect of this initiative is the partial electrification of assets on Utsira High, a strategic area for oil and gas production off the coast of Norway. Equinor has confirmed that installations, including the Sleipner field center and the Gudrun platform, among others, are now partly operating on power sourced from shore. This transition marks a milestone in EQNR’s journey toward sustainable energy practices.

As part of the transition, one of the two operative gas turbines on the Sleipner A platform will gradually be decommissioned, with the remaining turbine serving as a backup power source during the initial phase. Ultimately, Equinor aims for Sleipner to operate fully on power from shore, further reducing emissions associated with its operations.