Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Equinor ASA
  6. News
  7. Summary
    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
  Report
Real-time Quote. Real-time Oslo Bors - 11/26 10:29:56 am
219.9 NOK   -4.29%
12:26pFTSE 100 Closes Friday Down as Latest Coronavirus Variant Sparks Sell-off
DJ
09:25aEnergy Stocks Decline Pre-Bell Friday
MT
09:05aEnergy
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Equinor, SSE aim to build the world's first hydrogen power plant

04/08/2021 | 05:49am EST
FILE PHOTO: Equinor's flag flutters next to the company's headqurters in Stavanger

OSLO (Reuters) - Norwegian energy firm Equinor and British utility SSE have agreed to jointly develop the world's first 100% hydrogen-fuelled power plant in Britain, the companies said on Thursday.

Hydrogen is seen as a potential replacement for natural gas in power and heat generation, helping to achieve global climate goals.

Keadby Hydrogen plant would have a peak demand of 1,800 megawatt (MW) of hydrogen, generating around 900 MW of electricity and reduce emissions from Britain's most carbon-intensive industrial cluster in Humber, north-east England, the companies said.

"With appropriate policy mechanisms in place, Keadby Hydrogen could come online before the end of the decade," they added.

In addition, Equinor and SSE plan to build a 900 MW natural gas-fired power plant at Keadby, fitted with carbon capture technology to reduce emissions.

The carbon dioxide (CO2) released when natural gas is burned will be captured and permanently stored under the seabed in the Southern North Sea.

The Keadby 3 plant could potentially start by 2027, with Equinor and SSE planning to submit a development consent application this spring, the companies said.

Equinor is also involved in a project to produce hydrogen from natural gas at Saltend Chemicals Park near Hull, while also capturing and permanently storing associated CO2.

The project, called H2H Saltend, could supply low-carbon hydrogen to the Keadby Hydrogen power plant, Equinor said.

Most of the hydrogen in the world is produced by reforming natural gas today, but the process also emits CO2 and is not sustainable. Carbon capture could reduce the associated emissions by around 90%.

Britain has a target to reach net zero carbon emissions by 2050, providing financial support to a number of decarbonisation projects.

(Reporting by Nora Buli, editing by Nerijus Adomaitis and Jason Neely)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -4.29% 219.9 Real-time Quote.58.50%
NORWEGIAN ENERGY COMPANY ASA -3.90% 148 Real-time Quote.8.83%
SSE PLC -2.49% 1564 Delayed Quote.4.27%
All news about EQUINOR ASA
12:26pFTSE 100 Closes Friday Down as Latest Coronavirus Variant Sparks Sell-off
DJ
09:25aEnergy Stocks Decline Pre-Bell Friday
MT
09:05aEnergy
MT
07:16aFTSE Drops, Travel, Bank Stocks Among Hardest-Hit
DJ
07:09aEquinor Invests $1.1 Billion to Boost Gas Production From North Sea Field
DJ
05:27aEquinor to Spend $1.1 Billion to Boost Production at Oseberg Field
MT
03:45aEquinor Awards $1.1 Billion Partial Electrification Contract To Aibel
MT
02:19aEquinor Allocates $1.1 Billion To Develop Oil, Gas Field In Norway
MT
02:10aEQUINOR : Investing NOK 10 billion in further developing the Oseberg field
PU
02:08aAibel awarded another billion-kroner contract - renewables and electrification now acco..
AQ
More news
Analyst Recommendations on EQUINOR ASA
More recommendations
Financials (USD)
Sales 2021 86 745 M - -
Net income 2021 8 718 M - -
Net Debt 2021 5 683 M - -
P/E ratio 2021 9,15x
Yield 2021 2,79%
Capitalization 78 668 M 78 557 M -
EV / Sales 2021 0,97x
EV / Sales 2022 0,95x
Nbr of Employees 21 245
Free-Float 32,6%
Chart EQUINOR ASA
Duration : Period :
Equinor ASA Technical Analysis Chart | EQNR | NO0010096985 | MarketScreener
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 27
Last Close Price 24,22 $
Average target price 26,60 $
Spread / Average Target 9,81%
EPS Revisions
Managers and Directors
Anders Opedal President & Chief Executive Officer
Ulrica Fearn Chief Financial Officer & Executive Vice President
Jon Erik Reinhardsen Chairman
Carri Ann Lockhart Executive VP-Technology, Digital & Innovation
Jannicke Nilsson Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EQUINOR ASA58.50%83 373
SAUDI ARABIAN OIL COMPANY1.71%1 896 897
ROYAL DUTCH SHELL PLC34.16%168 717
PETROCHINA COMPANY LIMITED42.08%133 025
TOTALENERGIES SE22.05%127 078
PUBLIC JOINT STOCK COMPANY GAZPROM53.89%107 030