Bay du Nord — which would be Canada's first deep-water oil project — was paused by Norwegian energy giant Equinor in May 2023, sending shockwaves through the Newfoundland and Labrador oil ...

EQNR divests its Peregrino stake to Prio for $3.5 billion. Despite the exit, Equinor says that it remains committed to Brazil ...

Situated in the Campos Basin, Peregrino is a heavy oil field that includes a floating production storage and offloading (FPSO ...

Equinor Brasil Energia Ltda. has sold its 60% operated interest in Brazil’s Peregrino oil field to Prio Tigris Ltda. for up ...

Equinor ASA (NYSE:EQNR) subsidiary, Equinor Brasil Energia, on Thursday, planned to sell its 60% operated interest in the ...

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Oil production at Bay du Nord is now slated to begin in 2031, with the director of the stalled offshore project saying he's "cautiously optimistic" it will go ahead. That's about three years later ...

The payment will be made in two tranches: $2.23 billion (plus a contingent of $166 million upon completion ... international oil and gas portfolio, also in Brazil,” Notably, Equinor has operated ...