Equinor to Delay Projects If Norway Doesn’t Improve Tax Proposal

Equinor will be forced to delay oil, gas and electrification projects in Norway if the government doesn’t improve its tax-deferral proposal, CEO Eldar Saetre says in a webcast press conference after the company’s 1Q report.

• Examples of projects that would need to be delayed are Wisting, Krafla, Peon and electrification of Hammerfest LNG plant
  • NOTE: April 30, Norway Oil Lobby Says Government Tax Measures Aren’t Good Enough
• Equinor expects production startup on its Martin Linge, Njord, Bauge and Peregrino 2 projects, planned this year, to be delayed to 2021 because of challenges related to coronavirus
• Equinor can’t rule out layoffs ...