Offshore

Equinor divests shares in competitor in million-dollar deal

Equinor divests its ownership stake in Lundin Petroleum. In exchange, the Norwegian company gets a larger portion of the major Johan Sverdrup field. A rumored trade with billionaire Kjell Inge Røkke falls flat.
Eldar Sætre, CEO at Equinor, which just sold its shares in competitor Lundin Petroleum. | Photo: Jørgen Bratland / PR / Equinor
Eldar Sætre, CEO at Equinor, which just sold its shares in competitor Lundin Petroleum. | Photo: Jørgen Bratland / PR / Equinor
by SØREN PICO

Oil company Equinor just made a million-dollar deal with Swedish Lundin Petroleum.

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