Equinor ASA

Equinor ASA, an energy enterprise headquartered in Stavanger, Norway, was established in 1972 and operated as Statoil ASA until its renaming in May 2018. The company conducts extensive operations both within Norway and globally, covering the exploration, extraction, movement, refining, and commercialization of petroleum, its derivatives, and various other energy sources. Its activities are organized into several divisions: Exploration & Production Norway, Exploration & Production International, Exploration & Production USA, Marketing, Midstream & Processing, Renewables, and Other. Beyond its core involvement with oil and gas commodities—including crude, condensate, natural gas liquids, natural gas, and liquefied natural gas, which it transports, processes, manufactures, markets, and trades—Equinor also engages in the marketing and trading of electricity and emission rights. The company oversees refineries, terminals, processing plants, and power generation facilities, while actively developing low-carbon technologies for its oil and gas operations. Furthermore, it is a key player in the development of wind energy, carbon capture and storage initiatives, and other renewable energy projects. As of December 31, 2021, Equinor ASA reported proven oil and gas reserves totaling 5,356 million barrels of oil equivalent. The company has forged significant partnerships, including collaboration agreements with Vårgrønn, RWE Renewables, and Hydro REIN.