The purchase gives Equinor stakes in several key North Sea petroleum assets
Equinorsaid the deal includes a 29.9 per cent stake in the Buzzard oilfield, an additional 40 per cent stake in the Rosebank development and will also see the Norwegian firm taking on Suncor’s UK-based employees who work with these assets.
Three sources familiar with the plans had on Wednesday told Reuters a deal between Equinor and Suncor for the British assets was close. “Having the right ‘fit and focus’ in our portfolio enables us to both ensure effective capital allocation consistent with our strategic objectives and to focus our organization on delivering value in the rest of our portfolio, including our E&P business in East Coast Canada,” he said.
Equinor is already operator of the planned offshore Rosebank oil and gas project, some 130 km northwest of the Shetland Islands and one of the largest developments in the aging North Sea basin.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Suncor nears $1-billion deal to sell U.K. oilfields to EquinorNorway\u0027s Equinor is close to reaching a deal to buy Suncor Energy\u0027s British North Sea oil and gas assets for around $1 billion. Read on.
Lire la suite »
Suncor nears $1-billion deal to sell U.K. oilfields to EquinorNorway\u0027s Equinor is close to reaching a deal to buy Suncor Energy\u0027s British North Sea oil and gas assets for around $1 billion. Read on.
Lire la suite »
Suncor nears $1-billion deal to sell U.K. oilfields to EquinorNorway\u0027s Equinor is close to reaching a deal to buy Suncor Energy\u0027s British North Sea oil and gas assets for around $1 billion. Read on.
Lire la suite »
North Atlantic, Suncor Energy create partnership for gas stations, convenience stores in Newfoundland and Labrador, Nova Scotia, Prince Edward Island | SaltWireNorth Atlantic will be managing partner for new jointly-owned entity, North Sun Energy
Lire la suite »
Enbridge commits $1-billion to company turning food waste to energyThe investment by Enbridge is the latest by major energy companies in biogas, which can replace traditional natural gas but is more costly to produce
Lire la suite »
Ganfeng Lithium approves construction of ‘new type' lithium battery and energy storage projectA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Lire la suite »