Equinor divests stake in Canada oil sands producer Athabasca

Norway’s Equinor said on Wednesday it has sold its stake in Athabasca Oil, a Canadian firm producing carbon-intensive oil sands. Majority state-owned Equinor sold 100 million shares, representing an 18.8% stake in Athabasca for a total of 18 million Canadian dollars ($14.2 million). Equinor, formerly called Statoil, received the shares in 2017 as part of [Read more]

Source: Oil & Gas News Headlines | BOE Report