The Peregrino C platform in Brazil
Equinor hones its ‘high-grade’ global portfolio
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
Norway’s state-owned Equinor is trying to refocus its portfolio around fewer countries and geographies, Philippe Mathieu, executive vice-president for exploration and production international at the firm, explained to Petroleum Economist. The “three key countries” are Brazil, the US and the UK, he continued, saying these are locations where “we have the possibility of creating more value by building on the positions that we have, the competencies or the assets”. Mathieu cited last year’s takeover of Canada-based Suncor’s UK business as an example of the firm deepening its position in the UK, while 2023 also saw it divest its Nigerian and Azerbaijani assets as part of the same portfolio high-
Also in this section
20 March 2025
As cash-strapped Western governments commit to substantially raising defence expenditure, a similar dynamic is playing out in Saudi Arabia’s oil and gas sector, as Saudi Aramco maintains it heavy capex push despite reduced revenues
20 March 2025
Tariffs, sanctions and trade conflicts are upending the oil market, impacting crude differentials and shipping rates and creating uncertainty
20 March 2025
While advanced economies debate peak fossil fuel demand, billions of people still lack access to reliable and affordable energy, especially in the Global South
19 March 2025
Iran’s oil is caught in the crosshairs of support from China and Russia and US maximum pressure, with options becoming more and more limited
