Equinor CEO Looks to Adjust to the New Global Energy Mix

The transcript discusses major oil companies investing in clean energy, with a focus on Equinor's wind energy projects. Equinor aims to be a leader in offshore wind, investing heavily in projects like the UK's North Sea wind farm. Eldar shares insights on the financial aspects, profitability, and risks of these projects. The transition from oil and gas to renewable energy is highlighted, emphasizing the need for sustainability and competitiveness in the energy sector.

Which companies are leading the way in clean energy investments according to the transcript?

• Equinor and Statoil

• Shell and Repsol

• ExxonMobil and Chevron

• Total and BP

What is Equinor's major project in the UK North Sea?

• A geothermal plant

• A solar farm

• An offshore wind farm

• A hydrogen plant

By what year does Equinor aim to reduce emissions by 20%?

• 2025

• 2040

• 2023

• 2030

How much is Equinor planning to invest in wind projects?

• 100 billion U.S. dollars

• 50 billion U.S. dollars

• 20 billion U.S. dollars

• 10 billion U.S. dollars

What is the expected development time for each wind farm project?

• 1 year

• 5 years

• 2 years

• 3 years

How does the risk-reward profile of renewable projects compare to oil and gas projects?

• Higher risk and higher returns

• Lower risk and lower returns

• Higher risk and lower returns

• Lower risk and higher returns

What drives Equinor's decision to focus on wind energy?

• Government regulations

• Synergies with existing competencies

• Competitor strategies

• Public demand