{"id":84292,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/06\/equinor-boosts-oil-and-gas-production-to-2-2-mn-bpd-by-2030\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"equinor-boosts-oil-and-gas-production-to-2-2-mn-bpd-by-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/02\/06\/equinor-boosts-oil-and-gas-production-to-2-2-mn-bpd-by-2030\/","title":{"rendered":"Equinor boosts oil and gas production to 2.2 mn bpd by 2030"},"content":{"rendered":"

Norway\u2019s <\/strong>Equinor<\/strong> is planning to boost its 2030 oil and gas production by 10%<\/strong>, reaching 2.2 mn barrels per day (bpd), with an expected increase of 4% slated for this year, according to a statement<\/a>. The move comes after the Norwegian oil and gas producer said that its adjusted income before tax was USD 7.90 bn in 4Q \u2014 a 7.7% y-o-y decline \u2014 which was slightly higher than the USD 7.71 bn analysts predicted, Reuters<\/a> reports. <\/p>\n

And is bringing back production at oil fields: <\/strong>Equinor \u2014 which temporarily halted output from Western Europe's largest oilfield due to an onshore power outage back in November<\/a> and for maintenance \u2014 plans to keep production at the Johan Sverdrup oilfield at levels close to 2023 and 2024. <\/p>\n

\n

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Chinese <\/strong>tungsten producers are seeing a hike in share prices following China\u2019s export <\/strong>restrictions on critical minerals<\/strong>, and some Chinese exporters could potentially benefit from the projected surge in prices when they secure export licenses, Reuters<\/a> reports. Chinese firms Xiamen Tungsten, China Tungsten and High-tech Materials, and Chongyi Zhangyuan Tungsten saw their shares rise over 3%, while CMOC \u2018s shares increased 1%. As a major tungsten supplier, China issued license requirements for exporting critical minerals necessary for the defense and renewable energy sectors in a bid to \"safeguard national security interests,\" an official statement<\/a> read, days after China announced retaliatory tariffs against the US<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Stories on our radar this morning from around the world<\/p>\n","protected":false},"author":1,"featured_media":84293,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,248,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-84292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-trade","wpautop","entry"],"acf":{"mongo_id":"fc28504c-9bc7-4c23-a617-b1c95c56393f","order":"13","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/579.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Equinor boosts oil and gas production to 2.2 mn bpd by 2030","related_issue":[84270],"teaser":"Stories on our radar this morning from around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.714ac5e4-6082-42e9-89ee-3142339a3bbd.mp3"},"yoast_head":"\nEquinor boosts oil and gas production to 2.2 mn bpd by 2030 - 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