Equinor Plans to Invest $6.6 Billion Annually in Norwegian Offshore Oil and Gas

Equinor plans to invest up to $6.6 billion every year in its operations offshore Norway as it continues to see long-term demand for Norwegian oil and gas, executives at the energy giant said at a news conference on Monday. Norway’s oil age will not end soon, Equinor’s chief executive Anders Opedal said. “We see a long-term demand curve for Norwegian oil and that is why we continue to invest,” Opedal noted. The Norwegian oil and gas major plans to invest $5.7 billion-$6.6 billion (60 billion-70 billion Norwegian crowns) annually…