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 and partners invest NOK 13 billion in Johan Sverdrup's third phase, a carbon-efficient field, increasing recovery by 40-50 million boe via new subsea infrastructure.
Adura plans to increase its oil equivalent production from approximately 140,000 barrels per day this year to over 200,000 barrels per day within the next five years.
Equinor secured the S-M-1617 block in Brazil, strengthening its Santos basin position and reinforcing growth ambitions with a 100% stake and $5.5M investment.
The development consists of six gas discoveries and flexibility for three prospects in addition, utilizing existing infrastructure and processing capacity at Åsgard B.
Equinor and its partners, Okea and Pandion Energy, have proven gas and condensate in the “Mistral Sør” exploration well in the Halten area, situated in the southern part of the Norwegian Sea.