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23.09.25 - 08:54
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Askeladd West starts gas production (Cision)
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Sandnes, Norway, 23 September 2025: Production from the Equinor operated Askeladd West field in the Barents Sea has commenced. Askeladd West will be an important contributor in maintaining the production plateau of the Snøhvit field.
The Askeladd West subsea gas field is an important step in the continued development of the Snøhvit field. Thie highly profitable project adds gross recoverable reserves of about 15 billion standard cubic metres of gas and will ensure full capacity utilisation of the Hammerfest LNG plant in the years to come.
COO in Vår Energi, Torger Rød, said:
“We...
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22.09.25 - 08:45
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Arverne Group Announces the Success of the Series B2 of Lithium de France for € 40M, with its Partner Equinor Ventures (Business Wire)
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PAU, France--(BUSINESS WIRE)--Regulatory News:
Arverne Group (ISIN code: FR001400JWR8, ticker symbol ARVEN) 1st French leader of geothermal solutions, completes Series B2 financing for its subsidiary Lithium de France.
The capital increase, taking place in September was subscribed by Arverne Group and Equinor Ventures for €40 million. Following this transaction, Arverne Group will now hold 64.58% of Lithium de France's capital, and Equinor Ventures will hold 24.40%1. This funding comes as Lithium de France's project has entered the pre-industrial phase, with the first drilling operations, the Direct Lithium Extraction (DLE) demo plant and the Front-end engineering Design (FEED), an integral part of the Definitive Feasibility Study (DFS).
Pierre Brossollet, founder and CEO of Arverne Group said: "This equity financing is a key step in Lithium de France, whose mission is to accelerate the energy transition for the prosperity of the regions. Lithium is one of the critical metals essential to meeting...
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