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via seekingalpha.comBusiness & Companies

Equinor raises cost estimate for Norway LNG plant upgrade, sees strong Q3 trading result

FROM THE WIRE · SEEKINGALPHA.COM

[Rig move of Equinor oil platform Njord Alpha with offshore ahts vessels Siem Pearl and Siem Opal inside the Norwegian fjord.] arild lilleboe/iStock Editorial via Getty Images Equinor (EQNR [https://seekingalpha.com/symbol/EQNR]) raised…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDoubling of cost estimate for Snohvit Future project weighs on stock, but strong Q3 trading results support.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Equinor raised Snohvit Future project cost estimate to NOK26.5B from NOK13.2B in 2022.
  2. 02Hammerfest plant became key facility for European buyers after loss of Russian supplies.
  3. 03Company expects strong Q3 trading result.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Equinor ASAEQNRStock41.74 USD-0.17%today -2.95%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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