Equinor suspends output guidance as oil curbs bite

摘要

London-Norway’s state-controlled Equinor on Thursday suspended a previous forecast of 7% oil and gas production growth this year due to market uncertainties and production curbs planned by the government, and said it could go further to reduce activity levels. In a results statement, Equinor said the giant Johan Sverdrup field, which came on stream last October, had reached its first phase production target of 470,000 b/d at the end of April.