Alongside boosting exploration and production offshore its home market Norway, Equinor is pursuing an international growth strategy, aiming to significantly increase its overseas oil and gas output by focusing on fewer but more lucrative regions such as the U.S., Brazil, and Angola.
In recent years, Equinor has streamlined and high-graded its portfolio outside Norway, selling ****** ets and positions in Azerbaijan and Nigeria, to name a few.
But Equinor has kept and grown its U.S., Brazilian, and Angolan businesses, and plans to keep these growing through 2030, the company's executives said at the Offshore Northern Seas (ONS) energy conference in Stavanger this week.
Equinor's international production averaged 750,000 barrels of oil equivalent per day (boepd) in the second quarter of 2026. The company expects to raise this to 950,000 boepd by 2030, by boosting the U.S., Brazilian, and Angolan output, executive vice president Philippe Mathieu said at a press briefing in Stavanger on Tuesday.
"Equinor's international oil and gas portfolio is simplified, improved and set for significant growth," Mathieu said.
#offshore #boosting
In recent years, Equinor has streamlined and high-graded its portfolio outside Norway, selling ****** ets and positions in Azerbaijan and Nigeria, to name a few.
But Equinor has kept and grown its U.S., Brazilian, and Angolan businesses, and plans to keep these growing through 2030, the company's executives said at the Offshore Northern Seas (ONS) energy conference in Stavanger this week.
Equinor's international production averaged 750,000 barrels of oil equivalent per day (boepd) in the second quarter of 2026. The company expects to raise this to 950,000 boepd by 2030, by boosting the U.S., Brazilian, and Angolan output, executive vice president Philippe Mathieu said at a press briefing in Stavanger on Tuesday.
"Equinor's international oil and gas portfolio is simplified, improved and set for significant growth," Mathieu said.
#offshore #boosting
3 days ago
