Equinor Signs $1.8 Billion in Drilling Deals to Keep Oil and Gas Output High

Equinor has extended $1.8 billion worth of drilling and well services supplier contracts as the Norwegian energy major looks to keep high oil and gas production offshore Norway and deliver stable energy volumes to Europe. Equinor is extending key supplier agreements worth a total of $1.8 billion (17 billion Norwegian crowns), by exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 corporate framework agreements for specialist services linked to these deliveries, the company…