Equinor
Norwegian state-majority oil and gas company; dominant supplier of gas to Europe.
A compressor fault at Equinor's Troll A platform cut Norwegian gas exports by 34.6 mcm/day from 26 May 2026. On 19 June the company approved the $370m Troll TWIN project to add 11 bcm from 2028.
Last refreshed: 28 September 2026 · Appears in 3 active topics
Can Equinor's TWIN project offset declining Norwegian gas output from 2028?
Timeline for Equinor
Named higher transportation costs in group opex
European Oil Markets: Refiners split on naming freight costMentioned in: Eni names freight in a doubled Q2 result
European Oil MarketsReturned its Asgard field from maintenance
European Energy Markets: Storage and Norway absorb the gas shockMentioned in: LNG carriers run under a separate cap
European Energy MarketsTook FID on TWIN project committing NOK 4bn for 11 bcm first gas in 2028
European Energy Markets: Equinor takes FID on Troll TWINBackground
Equinor is Norway's state-majority oil and gas company, 67% owned by the Norwegian government. Founded in Stavanger in 1972 as Statoil, it took the Equinor name in 2018. It is the largest pipeline gas supplier to Continental Europe, drawing on production from the Norwegian Continental Shelf.
A handful of assets carry that role. The Troll field anchors Norway's long-term gas exports, Johan Sverdrup produces roughly a third of the country's crude oil, and Hammerfest LNG on Melkøya is Norway's only LNG export plant, with capacity of about 4.3 million tonnes a year.
That concentration turns single faults into market events. A compressor fault at Troll A in late May 2026 cut exports by 34.6 mcm/day, and Hammerfest's 2025 maintenance cycle ran 24 days past its target after a similar fault. New fields such as Eirin, producing since 5 May 2026, add supply at the margin.
Faults stopped two Equinor sites
Equinor's two unplanned stops of 2026 came under three weeks apart. A valve fault halted Hammerfest LNG late on 8 May, and the company set a restart for 13 May. From 26 May a compressor fault at Troll A cut Norwegian exports by 34.6 mcm/day; the loss reached about 50.8 mcm/day at the 30-31 May peak, against Equinor's 31 May restart target.
Markets watched for the Troll A restart notice. With none issued after 31 May, TTF broke its 38-session range on 2 June, rising 6% to €48.9 per megawatt-hour. Equinor then moved Hammerfest's planned June maintenance from 8-11 June to 13-16 June, a three-day stop.
Equinor keeps adding Norwegian gas
Equinor started production from the Eirin field on 5 May 2026, routing 27.6 million barrels of oil equivalent, mostly gas, through the Gassled pipeline network. The development also extends the Gina Krog platform's life to 2036. In the first quarter of 2026 the company signed 17 billion Norwegian kroner of drilling contracts.
On 19 June Equinor took a $370m final investment decision on Troll TWIN, which targets 11 bcm of extra gas from the Troll field with first production in 2028. Nearer term, its Asgard field returned from maintenance by 11 July, helping lift Norwegian exit nominations to 319.8 mcm/day.
Hammerfest's silence outlasts the outage
What is the Eirin gas field and why does it matter?
Equinor answers outages with new gas
Did Equinor's Asgard field return from maintenance in July 2026?
Reference
Is Equinor mainly a gas company or an oil company?
Who owns Equinor and where is it based?
How much gas does Equinor supply to Europe?
Does the Norwegian government own Equinor?
What is the Equinor TWIN project?
Is Johan Sverdrup oil production falling in 2026?
How much gas does Norway supply to Europe?
Written with AI from Lowdown's published reporting. Not individually reviewed by an editor. Updated 28 September 2026. Editorial standards.