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
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
Africa must dramatically scale energy investment to meet rising demand while cutting emissions. ARDA’s Anibor Kragha argues that a “just, Africa-centric transition”—focused on refining capacity, cleaner fuels, infrastructure and innovative finance—will be essential
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
