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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Equinor ASA    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
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Equinor Confirms Personnel in Bahamas Are Safe, But Oil Terminal Sustained Damage

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09/05/2019 | 07:29am EDT

By Dominic Chopping

Equinor ASA (EQNR.OS) said Thursday that all of the company's 54 personnel in the Bahamas are now confirmed safe and accounted for after Hurricane Dorian passed through the island, damaging the oil major's South Riding Point oil storage and transshipment terminal on Grand Bahama island.

The workers had been at the terminal up until the precautionary shutdown on Aug. 31, but the company had struggled to confirm everyone's safety due to difficult communications conditions.

Equinor said it has made an initial aerial assessment of its facility and has found that the terminal has sustained damage, with oil observed on the ground outside of the onshore tanks. It said it is too early to indicate any volumes, but at this point there is no evidence of any oil spill at sea.

The company has mobilized oil-spill response resources and they will arrive at South Riding Point as soon as possible.

"While weather conditions on the island have improved, road conditions and flooding continue to impact our ability to assess the situation and the scope of damages to the terminal and its surroundings," Equinor said.

In preparing for the hurricane, Equinor shut down operations of the terminal at noon on Saturday Aug. 31. Personnel were given time off to look after their families and secure their private homes. The advice from local authorities to evacuate certain areas had also been followed. None of Equinor's personnel were at the terminal when the hurricane struck, it added.

Write to Dominic Chopping at dominic.chopping@wsj.com; @domchopping @WSJNordics

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA 0.74% 183.45 Delayed Quote.-5.03%
LONDON BRENT OIL -0.23% 68.14 Delayed Quote.11.63%
WTI 0.39% 62.34 Delayed Quote.21.48%
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Financials (USD)
Sales 2019 72 107 M
EBIT 2019 15 149 M
Net income 2019 5 742 M
Debt 2019 15 652 M
Yield 2019 5,10%
P/E ratio 2019 12,1x
P/E ratio 2020 10,6x
EV / Sales2019 1,15x
EV / Sales2020 1,01x
Capitalization 67 554 M
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Technical analysis trends EQUINOR ASA
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Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 22,81  $
Last Close Price 20,31  $
Spread / Highest target 48,2%
Spread / Average Target 12,3%
Spread / Lowest Target -22,2%
EPS Revisions
Managers
NameTitle
Eldar Sætre President & Chief Executive Officer
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer & Executive Vice President
Lars Christian Bacher Chief Financial Officer & Executive Vice President
Anders Opedal Executive VP-Technology, Projects & Drilling
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