EnergyWatch

Media: Equinor and Aker BP negotiating billion-dollar deal

According to a Norwegian newspaper, oil companies Aker BP and Equinor have been negotiating a billion-dollar deal, which includes making Aker BP a major stakeholder of Lundin Petroleum.

Photo: Ho / Reuters / Ritzau Scanpix

Oil companies Equinor and Aker BP, whose biggest stakeholder is Kjell Inge Røkke's Aker group, have allegedly been negotiating a large-scale, billion-dollar deal.

According to Norwegian business daily Dagens Næringsliv, the two companies have contacted players on the financial market concerning a major deal involving three different elements. One of these being that Aker BP will take over Equinor's stake in oil company Lundin Petroleum, which is about 20 percent – a stake holding a total value of about NOK 18 billion (USD 2.1 billion), writes Dagens Næringsliv.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs