Equinor ASA sold assets in the North Sea for $1 billion as it seeks to benefit from high oil prices and redirect proceeds to other core businesses. Norway’s largest energy company offloaded its entire share in the Greater Ekofisk Area and a 19% stake in the Martin Linge field to Sval Energi, Equinor said in a statement Tuesday. There will also be a contingent payments linked to realized oil and gas prices for both assets for 2022 and 2023.

Source: The North Africa Journal May 10, 2022 17:35 UTC