New Delhi, June 20 (IANS) Global oil majors are cutting back on low‑carbon investments and refocusing on conventional oil and gas investments due to energy security concerns from geopolitical conflicts, a report said on Saturday.The report from Equirus Securities said combined low‑carbon spending by seven global oil supermajors fell to the lowest level since 2019 at about $8.3 billion in 2025 from around $24 billion in 2024.Meanwhile, their investments in oil and gas projects have risen, mar…
Latest Equinor News & Updates
Oslo, March 27 (IANS) Norway and Belgium signed an agreement aimed at facilitating infrastructure for the transport of carbon dioxide (CO2) by pipeline from Belgium to the Norwegian Continental Shelf.According to a press release issued by the Norwegian government, the agreement to advance carbon capture and storage (CCS) was signed on Thursday at the Norwegian Petroleum Museum in Stavanger and is part of Europe’s climate efforts.International energy company Equinor and Belgium-headquartered infr…