Equinor Plunges 5.18% Amid Plant Shutdown Concerns

On April 4, 2025, Equinor's stock experienced a significant drop of 5.18% in pre-market trading, reflecting investor concerns and market volatility.

Equinor's recent shutdown of Norway's Kollsnes gas processing plant due to a power outage has had a notable impact on the company's operations. The incident is expected to reduce Thursday's gas processing capacity by 39 million cubic meters, highlighting the operational challenges faced by the energy giant.

Despite these setbacks, Equinor's procurement activities in Norway continue to demonstrate significant economic impact. The company procured goods and services worth NOK 142.6 billion in 2024, an increase from the previous year, with 93% of these procurements coming from Norwegian suppliers. This activity has resulted in an employment effect of over 85,000 full-time equivalents, underscoring Equinor's role in supporting local economies and job creation.

Looking ahead, Equinor plans to ramp up its activity on the Norwegian Continental Shelf (NCS) with ambitious targets for exploration and development. The company aims to drill 250 exploration wells, 600 development wells, and undertake 75 subsea developments by 2035. These plans are crucial for maintaining profitability and ensuring long-term energy deliveries to Europe.