Equinor info
- International energy company committed to long term value creation in a low-carbon future
- Largest supplier of energy to Europe.
- Headquartered in Stavanger (Norway), present in around 30 countries worldwide.
- 4 key areas: oil and gas, offshore wind, carbon capture and storage, hydrogen
- By 2030, aim to be leading provider of renewable energy and low-carbon solutions, alongside continued optimised oil and gas portfolio.
What do equinor trade
- Crude oil and petroleum products – as large oil and gas company, this is a major part of equinors trading operations
- Natural gas
- Electricity
- Carbon emissions – COMMENT ON THIS - DISS
- Renewable energy certificates
Climate measures
- Committed to supporting the Paris Agreement and the UN Sustainable Development Goals, as well as reducing emissions from our own oil and gas activities.
- Equinor is among the world’s most carbon-efficient oil and gas producers, and have reduced CO₂ emissions on the NCS by 1.2 million tonnes from 2008 to 2020, with a goal of reducing emissions by a further 3 million tonnes by 2030.
Values
Open, Courageous, Collaborative, Caring
Mission
Our purpose is to turn natural resources into energy for people and progress for society.
Strategy
Always safe
- Safety, security of assets, sustainability
high value
- Prioritise value over volume, building resilience and robustness to lower prices
- Value creation through transition – reinvesting in strategic focus areas, creating competitive shareholder return, contributing to society
low carbon
- 31% emissions reductions in2022 w.r.t 2015
- Increasing investments in renewables and low carbon solutions
Recent cool news story regarding Equinor
- Equinor has partnered with carbon capture and storage startup Captura to scale up direct air capture technology that removes CO2 from the atmosphere. .
Recent cool story regarding low carbon solutions and trading
- Several large oil companies like Total and Chevron made major investments or acquisitions in carbon credit project developers in 2022. This shows how carbon markets are becoming more strategic for energy companies.
- Mark Carney, the UN’s climate finance envoy, aims to scale up voluntary carbon markets to $100 billion by 2030. This would require a major expansion as 2021 trading was around $2 billion. More demand could benefit traders like Equinor.
examples of: ability to manage deadlines
- Situation - the jobs and tennis balancing uni
- Task – how do I maintain my degree being my priority, especially with getting a good grade
- Action - working through my schedule and prioritising tasks which I know need to be put first
- Result - 2.1 degree whilst winning our league (haha)
Ability to work as a team
- Situation – SIA background – team of 5 meeting establishing our investment philosophy and objective. However, international student, really nice girl from china, didn’t understand all of what we were saying
- Task – not only making sure she understood, but also shared her input as likelihood is I would say something that isn’t correct – I am 100% no expert on stocks
- Action – downloading an live audio translator and adjusting the way we spoke. Asking her for her opinion and making sure she knew that if she did have any questions, she could whatsapp us afterwards
- Result – Very productive discussion where we were able to receive her opinion on the investment philosophy and what sectors she was particularly interested in.
Time showing leadership
Task – how to motivate the team when we (surprisingly) lost our tie to Leicester and were at risk of going out at group stage of last 8
- Action – at team dinner, emphasising the fact we have to do everything that is in our control – win all our remaining matches – completely support other teams in the group stage which improve our chances of qualifying for the final
- Result – qualified by sets won (!!) for the final, which we won to become national champs
Time showing analytical ability
- AP commodities and current dissertation and the current process and problems encountered with conducting a cost benefit analysis of carbon offsetting projects
- Action – reading on how to quantify the social cost of carbon and how to manipulate the data. Limit to what I can do so organising an out of hours meeting with a lecturer who specialises in this
- Result – Currently using stata programming to convert this into a stastically accurate result
Why Equinor
- Strong alignment in skills and exp like commodity analytics, market research, data analysis – contribute these to help meet business objectives
- opportunity to work alongside experts in energy markets - equinor provide ultimate opportunity for this – largest energy supplier in Europe
- Currently focusing on env econin studies, excited at prospect of moving into this sector – aligns interests and career aspriations with leading renewable energy company
- Impressed with Equinors commitments and progress towards greener energy markets and want to contribute to and support these efforts
Why Trading, analysis and low carbon
- great passion for market research and analytics (use diss and internship). Working in this role would allow utilize skills in tackling large volumes of data and conducting analysis to uncover impactful insights.
- This role aligns well with these interests.
- This role would enable you to develop expertise in this emerging area that aligns with your focus on environmental economics.
Questions to ask
- How does Equinor integrate sustainability metrics into trading decisions around energy transport and delivery?
- What training is provided to build a new trader’s market knowledge and financial/risk management skills?
- How do you analyze and incorporate climate policy risk into trading and pricing models, given uncertainty around future regulations?
Backwardation
when the current price of an underlying asset is higher than prices trading in the futures market – buy futures contract at lower price and hold it to sell at for profit as expiration date approachs
Contango
the forward price of a futures contract is higher than the spot price – futures are trading at premium - sell
Responsibilities in the role
- Ensuring compliance with climate, environment, and sustainability standards
- Working on governance, assurance, and risk management activities.
- Analysing data and trends to identify areas for improvement.
- Collaborating with cross-functional teams to drive safety and sustainability initiatives.
