CityAM
Equinor cuts shareholder payouts as fossil fuel returns slow and renewables drag
Equinor will return $3bn (£2.3bn) less to shareholders in 2024 than a year prior
Yahoo Finance UK
US stocks mixed as FTSE and European stocks fall ahead of US GDP update
A look at how the major markets are performing on Wednesday.
Reuters
Norway's Equinor, Vaar warn of cost overruns in oil projects
OSLO (Reuters) -Equinor and the Norwegian unit of Eni on Tuesday both warned of soaring costs at two major oilfield developments in Norway, blaming inflation, currency weakness and follow-on effects from the pandemic. Equinor said it had raised the cost estimate for the Johan Castberg oilfield in the Arctic Barents Sea by close to 13 billion Norwegian crowns ($1.20 billion), one of several increases since the project's 2017 inception. "Costs are increasing due to a larger than expected scope of work and cost increases in the industry," Equinor said in a statement.

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