Opedal lays out Equinor transition strategy

Firm will reduce carbon intensity of oil production, invest in offshore wind, and look to CCS and hydrogen

Norwegian state energy firm Equinor is adopting a three-part strategy to becoming net zero by 2050, according to CEO Anders Opedal, speaking at a Reuters global energy transition event.   The first part of the strategy involves reducing the emissions of the firm’s oil and gas portfolio. Equinor will continue to grow its production up to 2030, from which date output will peak. “Oil and gas will continue to play an important role,” says Opedal. “The winners here will be competitive barrels with low emissions, low breakevens and short payback time on investments.” “The winners here will be competitive barrels with low emissions” Opedal, Equinor Opedal points to the recently sanctioned B