Equinor capitalizes shares in Lundin Petroleum for increased direct ownership in Johan Sverdrup and a cash consideration

Equinor ASA (OSE: EQNR, NYSE EQNR) has agreed with Lundin Petroleum AB to divest a 16 percent shareholding in Lundin Petroleum for a direct interest of 2.6 percent in the Johan Sverdrup field and a cash consideration of around USD 650 million.

Proposal to redeem 16 percent of the outstanding Lundin Petroleum shares and sell a 2.6 percent stake in the Johan Sverdrup development project

Lundin Petroleum AB (“Lundin Petroleum”) announces that its Board of Directors proposes to redeem 16 percent of the outstanding shares that are currently held by Equinor ASA (“Equinor”). Lundin Petroleum’s wholly owned subsidiary Lundin Norway AS (“Lun…

Big Oil is touting “natural climate solutions” but how feasible is reforesting an area the size of India? Critics call it “the perfect PR exercise” for distracting from reducing fossil fuel use.

Big Oil is touting “natural climate solutions” but how feasible is reforesting an area the size of India? Critics call it “the perfect PR exercise” for distracting from reducing fossil fuel use.Big Oil’s ‘Natural Climate Solutions’ Feasibility Overblow…