Quarterly update prior to financial reporting - Equinor

Equinor Says UK Faces Uninvestable Status If Oil Projects Blocked

Equinor has cautioned that the United Kingdom risks becoming "uninvestable" if North Sea projects Jackdaw and Rosebank are blocked. The Norwegian energy company's chief executive cast doubt on whether future investment in the UK could continue if drilling approvals are denied, catching the eye of the BBC, The Times, and the Financial Times.

The warning puts pressure on UK energy policy at a time when the government is weighing up the future of North Sea development. Blocking the two projects, Equinor suggested, would send a troubling signal about the country's appetite for 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 covered the announcement ahead of the company's upcoming results announcement.

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