About Equinor
Equinor is a Norway-based energy company founded in 1972 and headquartered in Stavanger, Rogaland. It employs around 25,000 people and operates in more than 20 countries. Small, but wide-ranging.
Across oil, gas, power, and other energy solutions, the company plays a major role as an energy supplier to Europe, and its business combines established positions in oil and gas with a growing and integrated power business while also working on lower-emission energy and new energy solutions.
Markets that depend on secure and affordable energy are its focus, and Equinor supports energy security and long-term supply as it describes collaboration across industries and countries as central to its work as it develops energy for today and over time.
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Insights
Updated 28 Aug 2026Equinor’s entry into Namibia through a 17.4% stake in Chevron’s PEL 90 places it in a crowded Orange Basin race, alongside TotalEnergies and Galp, both of which have already built stronger positions across Venus and Mopane. The basin is moving from discovery toward development. Infrastructure, partnerships and local capability are now central to turning resources into production.
The opportunity is no longer just about finding oil. Building the ecosystem around first oil matters just as much, and Namibia’s draft local content policy, together with government priorities on training, universities and domestic value chains, points to a wider industrialization agenda. Exploration is still advancing, and another well on PEL 90 is expected before year-end.
Investor and sentiment signals are constructive. Namibia is drawing major international players and new capital commitments, while Equinor’s move is described as its first upstream entry into a new country since 2017. The source material also presents the Orange Basin as one of the world’s most closely watched exploration frontiers, which shows how much strategic interest the region is attracting.
Frequently asked questions
Equinor is headquartered in Stavanger, Rogaland, Norway.
Equinor has 10001+ employees according to its company profile.
Equinor operates in the Oil & Energy sector. Public valuation figures are not always disclosed for private companies.