WP_Post Object ( [ID] => 286392 [post_author] => 21 [post_date] => 2023-03-03 15:32:27 [post_date_gmt] => 2023-03-03 15:32:27 [post_content] => 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-operated stake... [post_title] => Norway’s Equinor Adds to North Sea Oil and Gas Portfolio [post_excerpt] => 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 inv... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => norways-equinor-adds-to-north-sea-oil-and-gas-portfolio [to_ping] => [pinged] => [post_modified] => 2023-03-03 15:32:27 [post_modified_gmt] => 2023-03-03 15:32:27 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=178271 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )