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Daily (30.07.2019): NBP spot dropped by 2.4% on Monday, due to stronger Norwegian flows and weak demand

Crude oil prices inched up on Monday, amid expectations that U.S. Federal Reserve might lower the borrowing costs this week for the first time in over a decade. Ongoing supply concerns around the Strait of Hormuz also supported prices. Still, on demand side, reduced hopes for a trade deal between the U.S. and China before the 2020 U.S. election, limited gains. As a result, Brent crude traded 0.4% higher at $63.71 a barrel, while WTI futures climbed by 1.2% to $56.87 a barrel.

read more... 30/07/2019

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Equinor and partners begin production from Norwegian Sea’s Trestakk field

Equinor Energy and its partners ExxonMobil and Vår Energi have started production from the Trestakk field in the Norwegian Sea on time and under budget.

read more... 17/07/2019

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Eolus to sell 400MW Norwegian windfarm to Aquila Capital

Eolus Vind has signed a share purchase agreement to sell its 400MW windfarm Oyfjellet in Norway to Aquila Capital for €30m.

read more... 16/07/2019

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Equinor to sell 16% stake in Lundin Petroleum for £1.2bn

The Norwegian oil and gas giant will hold a 4.9% stake in the Swedish company while increasing its ownership in the Johan Sverdrup field.

read more... 08/07/2019

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Equinor strikes oil at Oseberg area

Norwegian offshore oil and gas firm Equinor had said it has made a profitable oil discovery in Oseberg area in the North Sea.

read more... 05/07/2019

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