Every oil company—from super-rich Aramco (SE:2222) in Saudi Arabia to tiny fracking firms in Oklahoma—has been hit hard this year by lower oil prices.In the U.S., as...
Oil prices, particularly WTI, continue to show extreme volatility. On Tuesday, Apr. 28 WTI plunged by 20% as the June contract experienced a major sell off. Then on Wednesday, WTI...
Equinor ASA, formerly Statoil ASA, is a Norway-based energy company engaged in oil and gas exploration and production activities. The Company's segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company's upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids. DPI segment manages the Company's upstream activities that are not included in the DPN and Development and Production USA (DPUSA) business areas. MMP segment manages its marketing and trading activities related to oil products and natural gas, transportation, processing and manufacturing, and the development of oil and gas. Other segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.