BP PLC said Monday it had secured an agreement to sell its stake in the Bay du Nord oil project in Canada’s Flemish Pass Basin to operator Equinor ASA. “The transaction is consistent with BP’s continued focus on portfolio simplification and disciplined capital allocation”, the British energy giant said in a statement. The project, located […]
Equinor ASA has reported $3.7 billion, or $1.48 per share, in net income adjusted for nonrecurring items for the first quarter (Q1), more than double that of the same three-month period last year on higher production and higher oil prices.
Equinor ASA and its partners have discovered more oil, gas and condensate on Norway’s side of the North Sea, with plans to extract the resources via existing infrastructure in the Sleipner and Troll areas. The Byrding C discovery, made five kilometers (3.11 miles) northwest of the Fram field in the Troll area, is estimated to […]