Equinor Looks Overseas to Keep the Barrels Flowing

Norway likes to talk a big game about energy transition, but Equinor is busy reminding everyone that oil and gas are still paying the bills. The Norwegian major plans to sharply increase its international oil and gas production by 2030, pushing overseas output above 900,000 barrels of oil equivalent per day (boepd), up from roughly 730,000 boepd in 2025, Equinor’s head of foreign operations told Reuters this week. That is a more than 20% jump at a time when many European peers are doing their best to sound apologetic about hydrocarbons. The…