Equinor ASA's stock is experiencing a modest uptick in pre-market trading on December 4, 2024. The company recently announced that it has exercised a three-year option period under its existing contract with AKOFS Offshore for the vessel "AKOFS Seafarer." This option, valued at approximately USD 300 million, will commence in late Q4 2025 and extend the vessel's light well intervention services for Equinor until late Q4 2028. This development underscores Equinor's ongoing commitment to enhancing its operational capabilities in the oil and gas sector.
Additionally, Bank of Montreal Can has increased its stake in Equinor ASA by 17% during the third quarter, as per its latest SEC filing. The firm now owns 159,794 shares, valued at $3,993,000. This move is part of a broader trend of institutional investors boosting their holdings in Equinor, reflecting confidence in the company's future prospects.
Equinor ASA's stock is currently priced at $24.70, reflecting a 0.53% increase from the previous close of $24.57.