Equinor ASA EQNR and partners obtained permission from Norway to increase gas exports from two offshore fields amid shortage concerns of Europe gas supplies.The Norway government increased the production permits for the Oseberg and Troll fields by a combined two billion cubic meters (bcm). The increase represents nearly 2% of Norway's annual pipeline gas exports. As a result, production in the Oseberg field will increase to six bcm from five bcm, while Troll production will increase to 37 bcm from 36 bcm.Equinor is the operator in both fields. Other energy companies with interests in both fields are TotalEnergies TTE, ConocoPhillips COP and state-owned energy firm Petoro. Royal Dutch Shell plc (RDS.A) holds a stake in only Troll.In June, Equinor took an initiative to determine and develop concepts to increase production and exports to the Europe market. This resulted in the enhanced production permits from the Ministry of Petroleum and Energy for both fields.About half of the gas is still unutilized even after 25 years of exports from Troll. To further develop the area, Equinor completed the Troll phase 3 project, which is estimated to have recoverable reserves of 347 bcm of gas. The total recoverable gas volume remaining in Troll is estimated to be 715 bcm.Following the Phase 3 project completion, Equinor is increasing production and expects to reach plateau production from Oct 1. The Troll phase 3 project will extend the life of the Troll A platform and the Kollsnes processing plant beyond 2050 as well as the plateau production period by 5-7 years.The production permits will enable Equinor to produce more gas from the fields to supply the tight Europe market. The company is working to increase exports from its fields on the Norwegian Continental Shelf.Company Profile & Price PerformanceHeadquartered in Stavanger, Norway, Equinor is one of the leading integrated energy companies in the world.Shares of the company have outperformed the industry in the past six months. Its stock has gained 23.7% compared with the industry’s 3.4% growth.2 Image Source: Zacks Investment Research Zacks RankThe company currently has a Zack Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ConocoPhillips (COP): Free Stock Analysis Report Royal Dutch Shell PLC (RDS.A): Free Stock Analysis Report Equinor ASA (EQNR): Free Stock Analysis Report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research