Equinor Sells Peregrino Oil Field Stake

Equinor sells 40% stake in Peregrino oil field to PRIO for $2.33 billion, marking a strategic shift towards newer projects. The sale allows Equinor to reallocate capital from mature assets into growth opportunities. Despite the divestment, Equinor remains committed to other local projects in Brazil, including Raia gas development and partnership with Petrobras in Roncador field.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.