Equinor ASA, formerly known as Statoil, is a Norwegian multinational energy company that specializes in exploring, developing, and producing oil, gas, and renewable energy. The company was founded in 1972, after the Norwegian government decided to assert control over the country's oil resources. Since then, the company has grown to become one of the largest producers of oil and gas in the world.
Equinor has a diverse portfolio of oil and gas projects, with operations in more than 30 countries. The company's upstream activities include exploration, development, and production of oil and gas reserves. Equinor also operates several downstream businesses, including refining, marketing, and trading of petroleum products. In addition, the company is investing heavily in renewable energy, with a focus on offshore wind and solar power.
Equinor's commitment to sustainability and the environment is a key part of its business strategy. The company has set ambitious targets to reduce its carbon footprint and become a leader in the transition to a low-carbon economy. Equinor is investing in renewable energy projects, as well as developing new technologies to reduce greenhouse gas emissions from its existing operations. In addition, the company is working to promote energy efficiency and reduce waste throughout its operations.
Equinor has a strong focus on innovation and technology, and has invested heavily in research and development to improve its operations and products. The company has developed several new technologies to enhance oil and gas recovery, including the use of subsea drones and autonomous drilling platforms. Equinor is also developing advanced renewable energy technologies, such as floating offshore wind turbines.