Equinor ASA, formerly known as Statoil, is a Norwegian multinational energy company headquartered in Stavanger, Norway. Established in 1972, Equinor is primarily engaged in the exploration, production, and marketing of oil and natural gas, as well as developing renewable energy solutions. The company's operations span over 30 countries, with a significant presence on the Norwegian continental shelf. Equinor is committed to long-term value creation in a low-carbon future, investing in offshore wind, solar energy, and carbon capture and storage (CCS) technologies. With approximately 21,000 employees, Equinor emphasizes safety, sustainability, and innovation, aiming to provide energy for people and progress for society while reducing environmental impact.
Equinor establishes a standardized procurement framework with industrial suppliers to accelerate marginal field development through unified technical solutions.
The strategic asset swap and collaboration aim to accelerate developments, optimize portfolios, and maximize value creation across key areas of the Norwegian Continental Shelf.
Exporting 16 million m3/day, this project meets 15% of Brazil’s gas demand, boosting energy security, Equinor’s equity production, and long-term cash flow.
Equinor has identified a new oil discovery in the Polynya Tubåen prospect, adding up to 24 million barrels to strengthen the Johan Castberg development.
The company identified oil and gas near existing infrastructure in the Troll and Sleipner areas, strengthening energy exports to Europe through efficient field tie-backs.
The commercial find containing up to 89 million barrels will be fast-tracked using existing North Sea infrastructure to bolster European energy security and production levels.