1146 GMT - Norwegian energy company Equinor is the first major in recent times to formally increase its oil and gas capital expenditure budget, RBC Capital Markets analysts Biraj Borkhataria and Adnan Dhanani write. Near-term spending is up by around $1 billion while its medium-term spending is slightly above market expectations, they write. Importantly, Equinor signals more international options, with Canada and Angola added to its list of growth projects, they say. Previously it had focused on the U.K., U.S. and Brazil, they add. Shares rise 0.6% to 327.80 kroner. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

June 16, 2026 07:46 ET (11:46 GMT)

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