Quarterly update prior to financial reporting - Equinor

UK Risks Losing Equinor Investment Over North Sea Project Blocks

Equinor has flagged that the United Kingdom risks becoming "uninvestable" if North Sea projects Jackdaw and Rosebank are blocked. The Norwegian energy company's chief executive raised doubts about whether future investment in the UK could continue if drilling approvals are denied, prompting coverage in the BBC, The Times, and the Financial Times.

The warning intensifies scrutiny of UK energy policy at a time when the government is weighing up the future of North Sea development. Blocking the two projects, Equinor argued, would create real uncertainty about the country's willingness to support large-scale energy investment.

Separately, Equinor released a quarterly update on 7 October 2026 saying its trading profit will exceed guidance for the third quarter. Reuters broke the news ahead of the company's planned earnings release.

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