Equinor to Divest Azerbaijan Assets to SOCAR
'Equinor is in the process of reshaping its international oil and gas business'.
Source: rigzone.com
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Norway's Equinor Adds to North Sea Oil and Gas Portfolio
By Kari Lundgren and Christian Wienberg (Bloomberg) — Norway’s Equinor ASA agreed to buy Suncor Energy UK Ltd. for $850 million, adding to its oil and gas production in the North Sea as Europe races to replace Russian supplies. Since Moscow’s invasion of Ukraine a year ago, Equinor’s importance to Europe has never been greater as the region seeks alternative sources of energy. The firm is now using its vast profit from last year — a result of flat-out production and soaring gas prices — to boost capacity as well as reward shareholders. The transaction gives Equinor a 30% non-o...
Source: gcaptain.com