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When a sector has as spectacular a year as energy stocks have had in 2022, it gets harder to find ways to allocate new money into the sector. Valuations have gone up alongside commodity prices and that's attracting investors that had shunned the sector during the previous downturn. Two oil stocks that stand out today are oil and gas giant Equinor (NYSE: EQNR) and offshore rig company Noble Corporation (NYSE: NE).

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UPDATE 2-Norway gives go-ahead for Oseberg gas field expansion

The Norwegian energy ministry on Thursday said it had approved operator Equinor's plan for new investments in the North Sea Oseberg petroleum fields, which will boost gas exports to Europe from 2026. Equinor and its partners estimated that the amended development plan will increase output at Oseberg by 31.2 million cubic metres (mcm) of oil equivalent, or around 196 million barrels of oil equivalent, 87% of which will be gas. "Most of this is gas that can be delivered to the European markets," Minister of Petroleum and Energy Terje Aasland said in a statement.

Equinor (EQNR) Decides Drilling of 25 Wells Offshore Norway

Equinor (EQNR) strongly intends to supply the maximum possible gas supplies to Europe as the gas flow from Russia has dropped.

Election to Equinor's board of directors

On 30 November 2022 the corporate assembly of Equinor ASA (OSE:EQNR, NYSE:EQNR) elected Haakon Bruun-Hanssen as new member to Equinor ASA’s board of directors. Haakon Bruun-Hanssen is elected as a new shareholder-elected member of the board of directors, replacing Bjørn Tore Godal. Bruun-Hanssen held the position as Chief of Norwegian Defence Forces from 2013-2020, previously having held the position as Chief Norwegian Joint Operational Headquarters from 2011-2013 and Chief Royal Norwegian Navy

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