Norway’s and Russia’s oil and gas giants, Equinor and Rosneft, have signed an agreement on collaboration in carbon management, including potential collaboration on the use of renewables, CCUS, and low-carbon hydrogen solutions.
As explained by Equinor on Wednesday, the agreement builds on the two companies’ strategic partnership in Russia where the Norwegian company has been present for over 30 years. Drawing on this longstanding cooperation and aiming to support the goals of the Paris Agreement, Equinor and Rosneft will join forces to develop low carbon solutions and reduce the carbon footprint from joint projects.