Norway’s Equinor Pledges 50% Emissions Cut by 2030, Records Q4 Output Surge

Norway’s state-controlled Equinor said Feb. 9 it aimed to cut emissions from the assets it operates by 50% by 2030 as it reported a surge in both its oil and gas output in home waters.

Register Now The pledge came as Equinor, the largest producer of oil and gas in the North Sea, said it had increased its Norwegian oil output by 6% year on year to 656,000 b/d in the fourth quarter of 2021, reflecting increases from the giant Johan Sverdrup field. Its Norwegian gas output surged 17% to 813,000 b/d of oil equivalent over the same period.

View entirety: S&P Global Platts