Published on 18 Apr 2024 on Zacks via Yahoo Finance
Equinor (EQNR) Extends Waste Management Contract With Soiltech
Equinor ASA EQNR, the Norwegian state-owned energy giant, has opted to extend its drilling waste management contract with a local cleantech service provider, Soiltech, marking a significant stride toward pursuing sustainable operations in the North Sea.
The extension includes Equinor exercising its first option to prolong the drilling waste management contract for a platform in the North Sea with Soiltech. The contract, now extended for two years, will be effective from Jun 1, 2024, to May 31, 2026. Equinor further retains the option to extend the agreement until 2034, demonstrating a long-term commitment to environmental stewardship and efficient operations.