Equinor plans to lift international oil and gas production from 750,000 boepd to 950,000 boepd by 2030, focusing on the U.S., Brazil and Angola. Cash flow from overseas production is expected to surge around 80%. #OilAndGas# #Equinor# #Energy#

$BP Sells Canadian Offshore Oil Project Stake to Equinor BP Plc is selling its nearly 40% non-operated interest in the Bay du Nord oil project offshore eastern Canada to Equinor ASA, the operator of the development, as the oil major continues to simplify its portfolio. “We’re proud of our partnership with Equinor and the work we’ve done together to develop the Bay du Nord project,” BP Executive Vice President of upstream Gordon Birrell said in a statement on Monday. “However, BP is exercising strict capital discipline, allocating it to the opportunities that create the most value for BP.” (Bloomberg)

The Hormuz crisis is strengthening the case for Tanzania’s $42B LNG project. Equinor says East African LNG offers supply outside the Gulf’s geopolitical risks, as disrupted Middle Eastern flows force buyers to rethink energy security. #LNG# #Tanzania# #Hormuz#

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