Norwegian oil and gas major Equinor is nearing a deal to buy the UK North Sea assets of Canada’s Suncor Energy for around $1 billion, Reuters reported on Wednesday, citing sources with knowledge of the matter. Suncor Energy has a 40% stake in the Rosebank field, operated by Equinor, off the Shetland Islands. Equinor and partners are expected to make a final investment decision on the field’s development this year amid increased tax rates for operators in the UK North Sea and strong opposition from environmentalists to the development…
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