James Carmichael's questions to Equinor ASA (EQNR) leadership • Q1 2025
Question
James Carmichael asked if there was any indication why only Empire Wind had received a stop work order and if there were concerns others could follow. He also requested more details on the new power business area, including its assets and strategic rationale.
Answer
Torgrim Reitan, an Equinor executive, declined to speculate on other projects, directing such questions to the U.S. government. Regarding the new power business, he explained it will combine existing assets from the Renewables and MMP segments, such as the Triton assets in the U.K., to create synergies and better manage the growing link between gas and power markets.