The Peregrino C platform in Brazil
Equinor hones its ‘high-grade’ global portfolio
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
Norway’s state-owned Equinor is trying to refocus its portfolio around fewer countries and geographies, Philippe Mathieu, executive vice-president for exploration and production international at the firm, explained to Petroleum Economist. The “three key countries” are Brazil, the US and the UK, he continued, saying these are locations where “we have the possibility of creating more value by building on the positions that we have, the competencies or the assets”. Mathieu cited last year’s takeover of Canada-based Suncor’s UK business as an example of the firm deepening its position in the UK, while 2023 also saw it divest its Nigerian and Azerbaijani assets as part of the same portfolio high-
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
