Norway’s Equinor has entered into a five-year agreement to supply natural gas to Netherlands-based energy company Eneco, commencing in January 2027. Under the contract, Equinor will deliver approximately 1.2 billion cubic meters of gas annually via the Dutch Gasunie network, securing steady offtake through 2031. The deal enhances Equinor’s European gas footprint, provides predictable mid-term revenue streams and supports the company’s strategy to deepen partnerships in core markets ahead of global supply uncertainties.

Equinor has completed the sale of its Vaca Muerta onshore assets in Argentina to Vista Energy for $1.1 billion in cash. The transaction, announced on February 3, frees up capital to reduce net debt and fund higher-return offshore developments in the region. By retaining its offshore acreage in the Austral Basin, Equinor maintains exposure to deepwater upside while monetizing less strategic onshore positions to strengthen free cash flow by an estimated $200 million per annum.

During January’s severe cold snap, Equinor’s CFO revealed that the company sold roughly 30% of production from its US onshore gas portfolio on the spot market, capturing elevated mid-winter prices. This opportunistic marketing approach is expected to lift Q1 cash flow by around $150 million compared with hedged volumes, demonstrating Equinor’s active marketing flexibility and contributing to its goal of maximizing short-term value in volatile commodity benchmarks.