In a significant move, Ithaca Energy, in partnership with Equinor, the Operator, has officially greenlit Phase 1 of the Rosebank field development on the UK Continental Shelf, committing a substantial $3.8 billion to the venture. The North Sea Transition Authority (“NSTA”) has granted its consent for the field’s development, marking a pivotal moment in the […]
Norwegian state-owned multinational energy company Equinor through its subsidiary Equinor UK will acquire the UK assets of Canada’s Suncor Energy for $850 million, to optimize its oil and gas portfolio and increase its presence in the UK market. With proposed transaction, Equinor will add around 15,000 barrels of oil equivalent a day in equity share […]
