Equinor SA Company Profile
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COMPANY INFORMATION |
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Company Legal Name |
Equinor ASA |
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Establishment |
1972 |
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Industry |
Petroleum Industry |
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Geographical Presence |
Worldwide |
Based in Norway, Equinor ASA operates as an international energy company engaged in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It is engaged in the exploration, development, and production of oil and gas, as well as wind and solar power.
The company also sells crude oil and is a major supplier of natural gas, with activities in processing, refining, and trading. These activities are managed through eight business areas, staff, and support divisions, with operations in North and South America, Africa, Asia, Europe and Oceania, and Norway.
With an employee count of over 21,000 members present in more than 30 countries worldwide, the company is one of the world’s largest offshore operators energizing the lives of 170 million people every day.
Founded in 1972 under the name Den Norske Stats Oljeselskap AS—Statoil (the Norwegian State Oil company), the company changed its name to Equinor in 2018.
It is the leading operator on the Norwegian continental shelf and has substantial international activities. It is also a major crude oil seller and the second-largest supplier of natural gas to the European market. Equinor also supplies electricity in the UK through its offshore wind farms Sheringham Shoal, Dudgeon, and Hywind Scotland.
Equinor ASA organizes its business into the following divisions: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.
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CURRENT DATA |
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Company Revenue (2020) |
429.7 billion NOK |
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Net Income (2020) |
-52 billion NOK |
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CEO of the Board |
Anders Opedal |
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Number of Employees (2019) |
20,000 |
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Registered Address |
Forusbeen 50 Stavanger, RO 4035, Norway |
Processed Products:
Naphtha, condensates, liquids, petrochemicals, wet gas, methane, propane, petrol, diesel.
The company mainly focuses on innovation in exploration and production to recover valuable resources, find new sources, and extend the production life of existing fields. The main ambition of Equinor is to become a global offshore wind major, drawing on our extensive offshore experience to drive the industry forward. Wind power is a key enabler in the world’s energy transition.
Equinor is also investing in solar projects as well as innovative solar technology companies to show how solar power can provide scalable and profitable growth opportunities.
Equinor trades in petroleum products, methanol, natural gas, power, and emission allowances all over the world, trading over two million barrels of crude oil and condensate (light oil) per day.
The main crude oil market of Equinor is northwest Europe, but it also sells volumes to North America and Asia. Seaborne transportation of crude, product, gas liquids, and LNG volumes involves more than 4300 voyages worldwide per year and moves over 100 million tonnes annually. Equinor operates a number of terminals and refineries in and outside Norway.
In April 2021, Equinor and SSE Thermal planned to jointly develop two first-of-a-kind, low-carbon power stations in the UK’s Humber region, comprising one of the UK’s first power stations with carbon capture and storage (CCS) technology, and the world’s first 100% hydrogen-fuelled power station.
The company was incorporated in September 1972 and is headquartered in Stavanger, Norway.
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CONTACT INFORMATION |
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Phone Number |
47 51 990000 |
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Fax Number |
47 51 990050 |
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Website |
www.equinor.com |