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

EQUINOR ASA

(EQNR)
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Equinor Continues Oil Spill Cleanup in Bahamas Following Hurricane Dorian

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09/11/2019 | 07:21am EDT

By Dominic Chopping

Equinor ASA (EQNR.OS) said Wednesday that a team of over 200 personnel are working on its relief effort in the Bahamas after Hurricane Dorian passed through the island last week, causing an oil spill at one of its terminals.

The Norwegian oil company's South Riding Point oil storage and transshipment terminal on Grand Bahama island received damage to some of its tanks, causing oil spills on land, but the company said that both aerial and ground surveillance found no oil leakage in the sea.

Aerial surveillance has identified potential substance in open waters around 70 to 80 kilometers north east of the terminal and there are also indications that the product may have impacted a section of the coastline, it said.

"Although the source of this product is not known, Equinor will investigate and further evaluate necessary actions, including mobilization of suitable equipment and resources," said the company.

Oil from the damaged tanks has been moved to remaining tanks at the facility and an oil boom has been deployed to close the harbor at the terminal as a precautionary measure. In addition, trucks have started recovering and transporting bulk free-standing oil on the ground to one of the tanks at the terminal.

A vessel carrying 42 personnel and onshore oil-spill recovery equipment is currently at the terminal to help with the clean up, while a second vessel carrying more equipment is scheduled to arrive Thursday.

To support the broader relief efforts on the Bahamas, Equinor said it will donate $1 million to one or more relief organizations involved in the response.

Write to Dominic Chopping at dominic.chopping@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -0.25% 178.35 Delayed Quote.-2.59%
LONDON BRENT OIL 0.25% 63.66 Delayed Quote.11.63%
WTI 0.16% 58.16 Delayed Quote.21.48%
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Financials (USD)
Sales 2019 71 274 M
EBIT 2019 15 159 M
Net income 2019 5 739 M
Debt 2019 15 714 M
Yield 2019 5,18%
P/E ratio 2019 11,9x
P/E ratio 2020 10,7x
EV / Sales2019 1,15x
EV / Sales2020 1,02x
Capitalization 66 554 M
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Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 22,66  $
Last Close Price 20,01  $
Spread / Highest target 50,4%
Spread / Average Target 13,2%
Spread / Lowest Target -21,1%
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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