Norway's Equinor Cuts 20% of Renewable Energy Staff [Yahoo! Finance]
Equinor ASA (EQNR)
Last equinor asa earnings: 2/6 12:43 am
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Source: Yahoo! Finance
The Norway-based company said the layoffs are part of the company's effort to streamline its operations. Equinor in recent months has canceled offshore wind projects in several countries, including France, Portugal, Spain, and Vietnam. It also has backed away from some of the company's initiatives in Australia. "We have decided to reduce the number of people working with renewables in Equinor," a company spokesperson told Reuters, adding, "As we have said previously, we have exited some markets and prioritized existing markets and reduced the business development activities." Equinor has had a U.S. presence since 1987, primarily in oil and gas exploration. The company has said its U.S. investments are second only to those in Norway. The company has been a major player in the global offshore wind industry, which has been challenged in several markets by inflationary pressures, high interest rates, and supply disruptions. U.S. President-elect Donald Trump has vowed to kill the offshore
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EQNR
News
- Norway's Equinor cuts 20% of staff at its renewable energy division [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Oil prices firm as geopolitical tensions raise supply concerns [CNBC]CNBC
- Oil prices firm as geopolitical tensions raise supply concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oil prices firm as geopolitical tensions raise supply concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- Oil prices firm as geopolitical tensions raise supply concerns [Yahoo! Finance]Yahoo! Finance
EQNR
Earnings
- 10/24/24 - Beat
EQNR
Sec Filings
- 11/20/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- EQNR's page on the SEC website