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Equinor bullish on large Rosebank and Bay du Nord offshore oil projects - Upstream Online

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Equinor bullish on large Rosebank and Bay du Nord offshore oil projects | Upstream Online

Equinor reiterated today it is fully committed to developing two large offshore oil projects in its international portfolio — Rosebank in the UK and Bay du Nord offshore Canada.

Chief financial officer Torgrim Reitan told analysts in Oslo today that Rosebank will be “going ahead” after the company receives some “final clarifications”.

Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

More informationabout ENERGY BASICS: petroleum