In addition to natural gas, Equinor is setting ambitious targets for renewable energy, with plans to significantly increase its solar and wind power generation by the end of the decade. This dual approach not only ensures energy security but also aligns with the broader transition toward sustainable energy sources. Philippe Mathieu, head of Equinor's international oil and gas production, emphasized the company's intent to keep production steady outside Norway as well, focusing on established production hubs in regions like Britain, the Gulf of Mexico, Brazil and Angola. With 70% of its exploration budget earmarked for augmenting resources near existing sites, Equinor is also exploring new territories, including offshore areas near Canada's east coast and in Argentina.