Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
  1. Homepage
  2. Equities
  3. Norway
  4. Oslo Bors
  5. Equinor ASA
  6. News
  7. Summary
    EQNR   NO0010096985

EQUINOR ASA

(EQNR)
  Report
Real-time Oslo Bors  -  10:28 2022-11-28 am EST
362.35 NOK   -1.13%
11/28Equinor Extends Agreement with Ratos Unit, Aker Solutions for North Sea Oil Project
MT
11/28Ratos company Aibel awarded extended frame agreement at Johan Sverdrup in the North Sea
AQ
11/28Equinor : Stock Market Announcement - Form 6-K
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisionsFunds 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies
Days
:
Hours
:
Minutes
:
Seconds

Fertiliser maker Yara joins Norway's Hystar for green ammonia trial

09/28/2022 | 03:05am EST
Yara Birkeland, the world's first fully electric and autonomous container vessel, is moored in Oslo

OSLO (Reuters) - Global fertiliser producer Yara has joined a pilot project to test a new method of producing green ammonia being developed by fellow Norwegian company Hystar, the two firms said on Wednesday.

Yara Clean Ammonia has joined the HyPilot PEM electrolyser project to be commissioned in the second half of 2023, Hystar said.

Electrolysers produce green hydrogen by splitting water with the use of electricity, allowing for the decarbonisation of otherwise hard-to-abate industry sectors.

Hystar says its technology will use 10% less energy compared to currently available models.

"For customers concerned about energy efficiency, this can reduce their electricity costs for the production of hydrogen or ammonia considerably," Hystar's Chief Executive Fredrik Mowill told Reuters.

Yara's interest in the project is primarily around the use of hydrogen for the production of green ammonia, a key fertiliser component and potential future zero-carbon shipping fuel option.

Norwegian energy firm Equinor is already a partner and joined to test the electrolyser for variable output conditions in connection with offshore wind.

Both companies are seen as potential future customers of Hystar, Mowill said.

Global sales of electrolyser systems reached 300 MW last year and would be substantially higher this year, he added.

"We want to be a leading player in this growing global market," the Hystar CEO said.

The pilot is intended to run for 10,000 hours using a 1 megawatt containerised electrolyser - the smallest size in Hystar's portfolio - and is budgeted to cost 73.2 million Norwegian crowns ($6.75 million), he added.

($1 = 10.8373 Norwegian crowns)

(Reporting by Nora Buli, editing by Terje Solsvik)

By Nora Buli


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
EQUINOR ASA -1.13% 362.35 Real-time Quote.53.60%
GREEN HYDROGEN SYSTEMS A/S -0.42% 14.2 Delayed Quote.-58.66%
NORWEGIAN ENERGY COMPANY ASA -1.83% 376 Real-time Quote.144.79%
YARA INTERNATIONAL ASA -0.28% 466.3 Real-time Quote.4.79%
All news about EQUINOR ASA
11/28Equinor Extends Agreement with Ratos Unit, Aker Solutions for North Sea Oil Project
MT
11/28Ratos company Aibel awarded extended frame agreement at Johan Sverdrup in the North Sea
AQ
11/28Equinor : Stock Market Announcement - Form 6-K
PU
11/28Fitch Revises Outlook on Dudgeon Offshore Wind to Stable; Affirms at 'A-'
AQ
11/28Odfjell Drilling Wins $64 Million Contract Extension from Equinor Unit
MT
11/28Equinor Asa : Share buy-back
GL
11/28Equinor Asa : Share buy-back
AQ
11/28Global oil market signals short-term weakness ahead of EU ban on Russian oil
RE
11/25Hopes for Black Friday Boost to Economy Nudge European Equities Higher
MT
11/25Norway's October oil, gas output lags forecast
RE
More news
Analyst Recommendations on EQUINOR ASA
More recommendations
Financials (USD)
Sales 2022 156 B - -
Net income 2022 24 206 M - -
Net cash 2022 16 063 M - -
P/E ratio 2022 4,55x
Yield 2022 7,05%
Capitalization 115 B 115 B -
EV / Sales 2022 0,63x
EV / Sales 2023 0,59x
Nbr of Employees 21 126
Free-Float 30,1%
Chart EQUINOR ASA
Duration : Period :
Equinor ASA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EQUINOR ASA
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 25
Last Close Price 36,30 $
Average target price 38,24 $
Spread / Average Target 5,36%
EPS Revisions
Managers and Directors
Anders Opedal President & Chief Executive Officer
Torgrim Reitan Chief Financial Officer & Executive Vice President
Jon Erik Reinhardsen Chairman
Jannicke Nilsson Chief Operating Officer
Siv Helen Rygh Torstensen Executive Vice President-Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
EQUINOR ASA53.60%115 258
SAUDI ARABIAN OIL COMPANY-1.06%1 934 209
SHELL PLC45.55%202 157
TOTALENERGIES SE29.37%152 254
PETROCHINA COMPANY LIMITED-0.58%126 284
GAZPROM-42.32%77 104