Norwegian oil and gas giant Equinor reported adjusted operating profit of $3.5 billion in the third quarter of this year, beating expectations. Analysts had forecast an average of $3.3 billion, according to Bloomberg.
BusinessNorway could be the first country to ban the use of AI glasses, albeit temporarily. Schools, beaches and shopping malls would be protected if the government has its way.
WorldRising natural gas prices and higher margins in oil trading due to the war in Iran have dented Equinor's coffers, according to an interim report. The Stavanger-based energy group has now doubled its share buyback program this year.
BusinessState-controlled but publicly traded Norwegian oil group Equinor - formerly known as Statoil - is performing better than expected. Higher oil and gas prices due to the war in Iran are squeezing margins.
BusinessThe state pension fund, the Seventh AP Fund, has invested multi-billion dollars in 42 of the world's largest coal and oil companies.
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