Norwegian Oil Giant to Reduce Angola Operations, Boost Output in Brazil and U.S.

Norwegian oil company Equinor plans to scale back its operations in Angola while increasing production in Brazil and the United States. According to Jin10, this strategic shift aims to optimize the company's global portfolio by focusing on regions with higher growth potential. The decision reflects Equinor's ongoing efforts to enhance efficiency and capitalize on more lucrative opportunities in the energy sector. The move is part of a broader strategy to align with market demands and strengthen its presence in key markets.