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Equinor, formerly Statoil, will grow not only in oil production, but also in the international energy markets.
On Friday, the company announced that it is buying the Danish energy company Danske Commodities for 400 million euros, or 3.8 billion
"People are the biggest Danske Commodities assets, "says the company's annual report for 2017, and this is not exaggerated.
With 284 employees in the Danish company, Equinor pays the price of more than 13 million Norwegians. crowns for every employee of the company.
Danske Commodities, based in Aarhus, specializes in the trade of gas and electricity.
– We know we do not buy solid materials, but that does not mean that the value of the company is lower, says Tor Martin Annfinsen, director of marketing and trade at Equinor.
According to CEO Henrik Lind in Danske Commodities,
to be broad
Equinor says that the purchase is part of the plan to become a broader energy company and the Danish acquisition.
– The acquisition of Danske is part of our strategy to get more involved in the energy trade, and the Danish contributes well with the skill and capacity, "says Annfinsen
Annfinsen Also highlights The development of digitization is an important factor for the purchase.
– The winners of the future are those who manage to increase production, reduce transaction costs and manage large amounts of data efficiently, "explains Lind
Danish Commodities sold 318 terawattimer in 37 countries. 39, last year. It is the same as two years of Norwegian energy consumption. Gas sales were 389 terawatmers in 18 countries, accounting for one third of Norwegian gas production
92% renewable energy
By 2030, 15-20% of total investment in gas Equinor will be devoted to renewable energy. In Danske Commodity transactions, electricity is the largest share and in the 2017 annual report, the company reports that about 92% of the electricity production comes from electricity. renewable energies.
The Danske acquisition falls within the range of investments made by Equinor during the summer months. In June, Equinor announced that it would spend more than $ 770 million for a solar energy project in Argentina. Annfinsen says that the acquisition leads to significant growth in the company's ambitions for renewable energy.
– Equinor invests from the outset in the production of electricity, for example in wind farms in the UK, but the acquisition of Danske also significantly contributes to our goal of investing in renewable energy, "explains Annfinsen. )
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