Equinor ASA released on April 17 an aggregated overview of transactions made under its buyback of shares program for employees and management, previously announced Feb. 7.
The total purchase amount under the program is NOK 1.156 billion (US$105 million).
As of April 15, Equinor purchased 455,019 shares at the Oslo Stock Exchange at an average price of NOK 305.4815 per share (US$27.76).
Equinor said the maximum shares it could acquire is 16.8 million. That includes up to 7.4 million shares it can repurchase until May 15 — and up to 9.4 million shares until Jan. 15, 2025, when the buyback period ends.
Equinor owns 76.62 million shares, corresponding to 2.55% of Equinor’s share capital, following the completion of the buyback transactions.
Recommended Reading
Seatrium Awarded Contract for FPSO Bound for Guyana’s Stabroek
2024-05-17 - The topsides fabrication and integration contract will be for the FPSO Jaguar, bound for the Whiptail Field in the Stabroek block offshore Guyana for Exxon Mobil.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
2024-05-17 - A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks: Baker Hughes
2024-05-17 - The oil and gas rig count rose by one to 604 in the week to May 17.
BPX Looks to Ramp US Production Over 60% by 2030
2024-05-16 - BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.
Empire Petroleum’s Williston Drilling Program Identifies New Zones
2024-05-16 - Empire Petroleum provided updates on its Williston Basin development drilling program in its first quarter 2024 earnings results.