Equinor Plans $6.7B Annual Offshore Investment Until 2035

Equinor ASA (EQNR) , a Norwegian energy giant, announced a significant investment plan in oil and natural gas projects offshore Norway. The company intends to invest 60-70 billion Norwegian crowns (approximately $5.7-$6.7 billion) annually until 2035. This substantial commitment was made despite the global push for cleaner energy sources and the declining production from many of Norway's offshore fields. Investment Focus on Norway's Offshore Potential Anders Opedal, CEO of Equinor, revealed the investment p ...