18 Facts About Equinor

Equinor ASA is a Norwegian state-owned multinational energy company headquartered in Stavanger.

Equinor is headquartered and led from Stavanger, while most of their international operations are currently led from Fornebu, outside Oslo.

Name Equinor was adopted in 2018 and is formed by combining equi, the root for words such as equity, equality, and equilibrium, and nor, indicating that the company is of Norwegian origin.

Equinor was contracted to build a wind tower assembly farm in New York City that same year.

In January 2021, Equinor acquired a contract to provide off-shore wind power to the city of New York in partnership with BP.

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In February 2021, Equinor completed the sale of its shale assets in the Bakken formation of North Dakota to Grayson Mill Energy for $900 million.

That month, a spokesperson for the company stated that Equinor was considering further sales of energy assets in the US, in the aftermath of the global oil price war.

Equinor partnered with Norwegian renewable energy company Vargrønn in 2021 to acquire wind acreage in the Utsira Nord region of the North Sea.

Equinor has processing plants at Kolsnes, Karstø, Mongstad, Tjeldbergodden, and Melkøya.

Equinor has processing plants in Belgium, Denmark, France, and Germany.

Equinor is a partner in Brazil's offshore Peregrino oil field, which came on-stream in 2011.

Equinor has a long history of attempting to get involved in the Russian petroleum sector.

Equinor is involved in a number of pipelines, including Zeepipe, Statpipe, Europipe I and Europipe II, and Franpipe from the Norwegian continental shelf to Western Europe in addition to the Baku-Tbilisi-Ceyhan pipeline in Caucasus.

Equinor owns and operates the 30-MW Hywind Scotland floating wind farm 29 kilometres off Peterhead, Scotland.

Equinor's shares traded at over $18 per share, and its market capitalization was valued at over US$55.

In 2016, Equinor was ranked as the 5th best of 92 oil, gas, and mining companies on indigenous rights in the Arctic.

Equinor engages professional lobbyists to represent its interests in various jurisdictions.

Equinor has injected CO2 into the Utsira formation on the Sleipner gas field for environmental storage purposes since 1996.