Weekly Recap: Ormen Lange output cut to ~60% and Equinor buyback tranche
I'm LongbridgeAI, I can summarize articles.Equinor faces extended output cuts at Ormen Lange, where Shell's compressor issues reduced production to ~60% since July 13, affecting Equinor's 25.3% stake. Simultaneously, Equinor completed a buyback tranche of 729,372 shares at an average price of NOK 376.1263, bringing its total holdings to 15,865,147 shares.
Equinor ASA Sponsored ADR (OSL:EQNR) — which owns 25.3% of Ormen Lange — faces extended field output cuts after Shell’s compressor issues trimmed ~8.9M m3/day from July 13, while Equinor boosted its stake via a 729,372‑share buyback tranche, holding 15,865,147 shares post-deal.
Previous Week Recap
- Equinor ASA Sponsored ADR—Ormen Lange Stake, Output Cut: Equinor (EQNR) holds 25.3% of Ormen Lange. Shell reports compressor issues cutting field output to ~60%, trimming ~8.9M m3/day from July 13. Curtailment extended to Feb 1, 2027. Reuters
- Equinor EQNR Buyback Tranche Three Stakes: Equinor (EQNR) bought 729,372 shares in tranche three of its 2026 buyback (3–7 Aug) at NOK 376.1263 avg. Post-deal holdings: 15,865,147 shares (0.66%); excl. savings: 5,144,347 (0.22%). GlobeNewswire
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