About our Equinor news
Latest news on Equinor, providing comprehensive coverage of the Norwegian energy giant's operations, financial performance, sustainability efforts, and role in supplying Europe with natural gas.
Equinor ASA, formerly known as Statoil, is a major global energy company based in Stavanger, Norway. With operations in more than 30 countries, Equinor is a significant player in the oil and gas industry, as well as a growing presence in renewable energy. The company employs around 21,000 people worldwide and is listed on both the Oslo Stock Exchange and the New York Stock Exchange.
In recent years, Equinor has taken on a critical role in supplying natural gas to Europe, especially in the wake of reduced Russian gas flows following the invasion of Ukraine. The company currently provides about 30% of the European Union's gas, making it a key partner in ensuring the continent's energy security. However, this increased reliance on Equinor has also raised concerns about the potential risks of depending heavily on a single supplier.
Equinor's commitment to sustainability and the energy transition has been a focus of interest for many stakeholders. The company has set ambitious targets to reduce its carbon footprint and increase investments in renewable energy projects, such as offshore wind farms. Equinor's efforts to balance its traditional oil and gas business with a growing renewable energy portfolio have garnered attention from investors, policymakers, and environmental groups alike.
The company's history dates back to 1972 when it was founded as Statoil, the Norwegian State Oil Company. Over the decades, Equinor has played a significant role in the development of Norway's oil and gas resources, contributing to the country's economic growth and the establishment of its sovereign wealth fund. In 2018, Statoil changed its name to Equinor to reflect its broader energy focus and commitment to a low-carbon future.
As Europe navigates the challenges of energy security and the green transition, Equinor's role as a major gas supplier and its efforts to expand its renewable energy portfolio will remain in the spotlight. Our NewsNow feed on Equinor provides comprehensive, up-to-date coverage of the company's activities, financial performance, and strategic decisions, drawing from a wide range of reliable sources to keep you informed about this key player in the global energy landscape.