Equinor can't find the equilibrium

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The last days have once again stormed around the Equinor, albeit milder than for Today's Industry revelations about the milliardtapene for the company's investments in the united STATES. It is now about what the company assumes that the future price of oil.

The three european its competitors are BP, Eni and Shell have all recently turned down its expectations of future oil price in 2030, to between 55 and 60 dollars a barrel. Equinor hold themselves to the same estimate as they have had the last three years - $ 80 a barrel.

the Company's chief Eldar Sætre, admits that this prisestimatet is not consistent with the Paris targets. It is precisely this push, politicians and environmental organisations have reacted sharply on the.

Turn On the LydErrorAllerede plus customer? Log into herError CUT: Equinor cutter 30 billion in costs by 2020, reports NRK. Photo: NTB/Scanpix. Show more

however, It is not necessarily so that Equinor thus blows in the Paris targets. Even, it claims that the future prisforventningen is an accounting affair, and that their investment stresstestes against the far lower oljeprisscenarier. It has been innvendt that the company may have set the expectation so high to avoid having to write down values in the company - as BP, Eni and Shell have done now. This can also have a logical explanation. While the other three may have had the interest to write down the values now, and the "blame" on coronakrisen, Equinor a completely different need to seem economically solid after the U.S. scandal.

Beleilighetshensyn can probably predict the companies ' reviews in different directions. The calculation of the future price of oil is no booklet with very large uncertainty, where the estimates of his poem massively.

the debate emphasizes an important point. Equinor (Statoil) have entered into a new phase in its history. From having been the bone of contention in the political debate around the government's role in dealing with oljeforekomstene, the company has now received a similar position in another, the decisive political conflict: Oil companies ' role in the green shift. It has not Equinor, despite navnebyttet, found an equilibrium.

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Analysts calls for greater accounting visibility of renewable energy initiatives. What do they need to be able to determine whether the company is successful in this competition. Kjell Inge Røkke Aker have just separated out fornybarsatsingene in their own company - among other things, to accommodate this desire from the market. Mr røkke's right hand, Øyvind Eriksen, stated also in the same connection that "renewable and green technologies have completely other value chains, customers, investorbase and funding".

Equinors insistence on an all-in-one solution does not work, let us say, sustainable. This is something the Eldar Sætres successor, as the company now have started the quest on, will have to deal with once the hen is in place.

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