Equinor (EQNR) Commits $6B in Oil and Gas Investment in Norway
EQNREquinor(EQNR) Zacks Investment Research·2024-03-21 01:06

Equinor ASA (EQNR) has committed to an ambitious $6-billion annual investment in oil and gas exploration and drilling in Norway to obtain steady production through 2035, per a Reuters report.The decision comes at a crucial time, as Equinor steps up to become Europe’s primary gas supplier, filling the gap left by reduced Russia gas imports after the EU’s sanctions following the Ukraine conflict.Per Equinor’s CEO, Anders Opedal, this investment represents the maximum the company can allocate without compromis ...