Equinior, that name probably does not mean anything to you. Not me either. But if I say Statoil, you probably know them. The state oil and gas company of Norway. The company that says it is committed to sustainable energy. The company that has ensured that Norway has the largest sovereign wealth fund in the world. This makes Norway one of the few countries that have used the benefits of its natural resources economically.
Equinior says to abandon oil and gas production. They invest in sustainable energy. They focus on things like sun and wind. A great thing. The energy mix of the future consists, in my opinion, of oil, gas, nuclear, sun, wind and water. Simply use energy quickly and smartly.
So do not build a hydropower plant in Mali. Just cover all roofs with solar panels. Do not place windmills in places where there is no wind.
Why Equinior does this is clear. They just want to make their image greener. Green is popular and hip. So they want to piggyback on this bubble. So they have done something amazing: for 3.7 billion USD of contracts issued to suppliers.
They did it smartly. The biggest competitors must compete against each other. Equinior gets the latest technology, forcing suppliers to keep costs low. Just because it is a method to be able to switch quickly and smartly.
I am fascinated by a few reasons. In my podcast, I regularly interview people in the field of energy. There is a lot of money to be earned. In addition, I am on the concluding basis of the oil profit training. Intended to explain everything about the oil industry and things. This is important for a very simple reason: there is a lot of money to be made. But then we have to know what and how. We need to understand what happens to make sure that we earn a lot of money.