Equinor’s 10% Stake Acquisition in Ørsted Now Completed

December 23, 2024

Equinor’s 10% Stake Acquisition in Ørsted Now Completed
(Credit: Equinor)

Equinor has completed the acquisition of additional 0.2% in Ørsted, increasing its share to 10% and cementing its position as the second largest shareholder in the company.

The transaction makes Equinor the second largest shareholder in Ørsted after the Danish State, which holds a controlling stake.

Following approvals under applicable Foreign Direct Investment regulations, Equinor has acquired an additional 0.2% shareholding (corresponding to 840,764 shares) in the company, after the acquisition of 9.8% closed in October 2024.

The total value of the transaction is $2.3 billion.


Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit Off Colombia

December 23, 2024

Occidental Petroleum’s Subsidiary Secures Oil and Gas Permit Off Colombia

Shearwater to Proceed with 4D Survey for Petrobras in Campos Basin

December 23, 2024

Shearwater to Proceed with 4D Survey for Petrobras in Campos Basin

BOEM Okays New England Offshore Wind Project

December 20, 2024

BOEM Okays New England Offshore Wind Project

Final Pluto Train 2 Modules for Scarborough Gas Project Arrive to Australia

December 23, 2024

Final Pluto Train 2 Modules for Scarborough Gas Project Arrive to Australia

The Five Trends Driving Offshore Oil & Gas in 2025

December 23, 2024

The Five Trends Driving Offshore Oil & Gas in 2025

DeepOcean Takes Over Equinor’s Pipeline Repairs Contract from TechnipFMC

December 20, 2024

DeepOcean Takes Over Equinor’s Pipeline Repairs Contract from TechnipFMC