KEYFACT Energy
Norway’s Equinor is close to reaching a deal to buy Suncor Energy’s North Sea oil and gas assets for around $1bn, three sources familiar with the matter told news agency Reuters on Wednesday.
The deal includes Suncor’s 40 per cent stake in the Equinor-operated offshore Rosebank oil and gas project, located some 130 km northwest of Shetland Islands, and one of the largest developments in the ageing basin.
KeyFacts Energy: Equinor UK country profile