Equinor Reports Strong Operational Performance But Faces Losses Due to Low Commodity Prices

Written by Paulo Nogueira

Published on 07/05/2020 at 05:03

Updated on 07/05/2020 at 05:18

Plataforma da Equinor no Mar do Norte junto a um Flotel

Seja o primeiro a reagir!

The Norwegian Oil and Gas Company Equinor Reported a Loss in the First Quarter of the Year Due to Low Oil Prices and Losses of US $ 2.5 Billion, but Delivered Record Production During the Period.

Equinor reported on Thursday (07) adjusted earnings of US $ 2.05 billion in the first quarter, compared to US $ 4.19 billion in the same period of 2019. Adjusted net income after taxes was US $ 0.56 billion, down from US $ 1.54 billion in the same period last year. Lower prices for liquids and gas impacted the quarter’s results.

Read More About Brazil’s Energy Market

The IFRS net operating income was US $ 0.06 billion in the first quarter, compared to US $ 4.73 billion in the same period of 2019.

The IFRS net income was negative at US $ 0.71 billion in the first quarter, following net losses of US $ 2.45 billion, down from US $ 1.71 billion positive in the first quarter of 2019.

ARTICLE CONTINUES BELOW

Equinor Reports Strong Operational Performance But Faces Losses Due to Low Commodity Prices

The Norwegian Oil and Gas Company Equinor Reported a Loss in the First Quarter of the Year Due to Low Oil Prices and Losses of US $ 2.5 Billion, but Delivered Record Production During the Period.

Read More About Brazil’s Energy Market

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Equinor Reports Strong Operational Performance But Faces Losses Due to Low Commodity Prices

The Norwegian Oil and Gas Company Equinor Reported a Loss in the First Quarter of the Year Due to Low Oil Prices and Losses of US $ 2.5 Billion, but Delivered Record Production During the Period.

Read More About Brazil’s Energy Market

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Oil at the center of global disputes and historical transformations

More than R$ 526 million generated in oil in 2025 was not enough to place Espírito Santo in the lead of innovation — and the data shows exactly where the bottleneck is.

With salaries of up to R$ 30,000 and 2,500 open positions, a shipyard in Aracruz (ES) is at the center of a billion-dollar project by Petrobras that involves platforms capable of producing 225,000 barrels per day.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

Impacts of tensions in the Middle East: how the rise in oil prices is transforming infrastructure contracts in Brazil, raising prices, delaying schedules, and exposing billion-dollar fragility in the sector.

China inaugurates a 24 km monster that is a bridge, tunnel, and museum at the same time — and 90,000 cars pass through it every day.

Oil at the center of global disputes and historical transformations

Brazil already has the largest electric buses in daily operation in the world: Goiânia has put 28-meter giants from Volvo on the streets to transform urban transport, placing the country at the center of a new showcase for urban mobility.

NASA announces the first interplanetary nuclear spacecraft in history destined for Mars and technology created to usher in a new era in deep space exploration: meet the SR-1 Freedom, equipped with a fission reactor and three helicopters inspired by Ingenuity to map Martian ice.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.