Equinor

Equinor is a multinational energy business owned by the Norwegian government with its headquarters in Stavanger. With 21,126 employees, the company operates in 36 countries with additional investments in renewable energy.

The company was formed on 14th June 1972 by the merger of Statoil with the oil and gas division of Norsk Hydro. As of 2017, the Norwegian Government is the largest shareholder with 67% shares, the rest is public.

Equinor is engaged in petroleum and petroleum-derived product exploration, production, transportation, refining, and marketing. It operates through the following divisions, including Exploration and Production Norway; Marketing, Midstream, and Processing; and Other. The Exploration and Production segment includes the development of oil and gas portfolios on the Norwegian continental shelf. Besides, the marketing and trading of petroleum commodities is the responsibility of the Marketing, Midstream, and Processing segments.

Equinor, which accounts for 60% of the total output on the Norwegian continental shelf, is the leading operator in terms of oil and gas exploration and production. Along with the Norwegian continental shelf, Equinor also manages oil and gas reserves in Venezuela, Australia, Algeria, Brazil, Canada, China, China, Russia, and Algeria. Besides, the company has production plants in Belgium, Denmark, France, and Germany. In 2006, Equinor was given permission for the world's largest carbon sequestration project as a means of reducing carbon emissions into the atmosphere.

The Other segment includes new energy solutions, global strategy and business development, technology, projects, and services. Equinor owned and runs the 30 MW Hywind Scotland floating wind farm, which is located 29 kilometers from Peterhead, Scotland. Additionally, the company owns a 50% investment in the 1,200 MW offshore wind farms Batyk Rodkowy III and II as well as a 25% stake in the 385 MW Arkona wind farm off the coast of Germany. In Sweden and Denmark, the business runs a number of stations under the Ingo brand in addition to its famous Statoil stations. Statoil purchased all Nordic Jet stations in September 2007 and used the Nordic Jet brand until 2014, when the Nordic stations were rebranded to the new Ingo brand.

Industry: The petroleum industry
Founded: 14 June 1972
Headquarters: Stavanger, Norway

Website: https://www.equinor.com/