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

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Equinor Expects Weak Oil and Gas Trading for Q1
source : OILPRICE ( Middle East ) () 46
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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