Equinor Expects Weak Oil and Gas Trading for Q1 ...Middle East

Equinor advised analysts on Wednesday to expect weak liquids and LNG trading results for the first quarter of the year, as its Marketing, Midstream & Processing (MMP) division is also set to incur a hit of about $100 million of costs of drilling of carbon capture and storage (CCS) appraisal wells. In a notice to analysts inviting them to submit forecasts for Q1, the Norwegian energy major issued a preliminary trading update on the factors expected to influence its first-quarter results, which will be published on April 30. In the MMP division,…

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